Defence Drone Company Secured An Export Order Worth USD 2,40,000 From MB Darvilis
The company's shares saw a spurt in volume by more than 1.50 times on BSE and up by 38 per cent from its 52-week low of Rs 116.50 per share.
On Tuesday, shares of DroneAcharya Aerial Innovations Ltd plunged 2.38 per cent to Rs 151.70 per share from its previous closing of Rs 155.40 per share. The stock’s 52-week high is Rs 221 and its 52-week low is Rs 116.50. The company's shares saw a spurt in volume by more than 1.50 times on BSE and up by 38 per cent from its 52-week low of Rs 116.50 per share.
DroneAcharya Aerial Innovations Limited has successfully secured an export order valued at USD 240,000 from MB Darvilis, Lithuania, for the supply of drone components used in heavy payload logistic drones. This international order will significantly enhance DroneAcharya's reputation as a leading provider of high-quality drone technology and expand its global market presence. The successful execution of this contract is expected to open doors for future collaborations and drive further growth and innovation within the company.
DroneAcharya Aerial Innovations Ltd has solidified its position as a market leader in the drone industry, driving innovation and contributing significantly to the development of cutting-edge applications. The company has shown remarkable growth, with an impressive 89.52 per cent year-on-year increase in revenue, fueled by its diverse range of services, including drone training, sales and strategic alliances with over 10 renowned organizations like D.Y. Patil International University, PYI Technologies, JR Propo and Vimaan Aerospace. The company has expanded its operations to new regions, including Southeast Asia, the Middle East, the European Union and the United States, further cementing its international presence.
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A key factor in DroneAcharya’s success is its commitment to training and development, having trained 391 DGCA-certified drone pilots in the past year through its Remote Pilot Training Organizations (RPTOs). The company has also executed several high-profile projects, such as delivering COVID-19 vaccines and creating the largest greeting card by a drone, demonstrating the practical applications and potential of drone technology in solving real-world challenges. DroneAcharya continues to innovate by developing products like the AgriVeer agricultural spraying drone and FPV drones for ISR missions, enhancing its product portfolio and technological capabilities.
Looking ahead, DroneAcharya aims for ambitious growth, targeting a 200 per cent increase in revenue, EBITDA and PAT, along with a 400 per cent growth in the number of DGCA-certified drone pilot training centres in FY 2024-2025. The company is poised to explore new frontiers in sectors such as defence, agriculture, survey, logistics, and law enforcement by leveraging its expertise and strategic partnerships. These initiatives position DroneAcharya to capitalize on the growing demand for drone-based solutions and further strengthen its market leadership.
Disclaimer: The article is for informational purposes only and not investment advice.
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