Target of 200 per cent increase in revenue, EBITDA and PAT: Drone stock zooms 12.6 per cent with volume spurt on September 16

The company's shares saw a spurt in volume by more than 4.40 times on BSE and up by 37.25 per cent from its 52-week low of Rs 116.50 per share.

On Monday, shares of DroneAcharya Aerial Innovations Ltd jumped 12.60 per cent to Rs 159.90 per share from its previous closing of Rs 142 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 4.40 times on BSE and up by 37.25 per cent from its 52-week low of Rs 116.50 per share.

DroneAcharya Aerial Innovations Ltd, a pioneer in drone-based solutions, has been making significant strides in transforming various industries. With a strong focus on innovation and AI-driven applications, the company has been expanding its reach and solidifying its position as a market leader.

Since its inception, DroneAcharya has demonstrated remarkable growth, evident in its financial performance and strategic partnerships. The company has experienced a substantial increase in revenue, with a year-on-year growth of 89.52 per cent. This impressive growth trajectory can be attributed to its diverse range of services, including drone training, sales and services, as well as its strategic partnerships with key players in the industry.

One of the key factors driving DroneAcharya's success is its commitment to training and development. The company has been instrumental in nurturing a skilled pool of drone pilots through its DGCA-certified Remote Pilot Training Organizations (RPTOs). By offering comprehensive training programs, DroneAcharya is contributing to the growth of the drone industry in India.

In addition to training, DroneAcharya has been actively involved in various drone projects, showcasing its capabilities and expertise. From delivering COVID-19 vaccines to creating the largest greeting card by a drone, the company has successfully executed several high-profile initiatives. These projects have not only enhanced DroneAcharya's reputation but have also demonstrated the potential of drone technology in addressing real-world challenges.

Looking ahead, DroneAcharya has ambitious plans to further expand its operations and explore new frontiers. The company is focusing on key areas such as defence, agriculture, survey, logistics, law and order and geographical expansion. By leveraging its expertise and strategic partnerships, DroneAcharya is well-positioned to capitalize on the growing demand for drone-based solutions in these sectors.

Key achievements and milestones:

• Revenue growth: Experienced an 89.52 per cent year-on-year increase in revenue.
• Training: Trained a total of 391 DGCA-certified drone pilots in the past year.
• Partnerships: Formed strategic alliances with over 10 renowned organizations, including D.Y. Patil International University, PYI Technologies, JR Propo and Vimaan Aerospace.
• Projects: Successfully executed numerous high-profile drone projects, such as delivering COVID-19 vaccines and creating the largest greeting card by a drone.
• Product development: Developed and launched innovative drone products, including the AgriVeer agricultural spraying drone and FPV drones for ISR missions.
• Geographical expansion: Expanded its operations to new regions, including Southeast Asia, the Middle East, the European Union and the United States.
• Targeted Numbers: Targeting a 200 per cent increase in revenue, EBITDA and PAT. And also targeting a 400 per cent growth in the number of DGCA-certified drone pilot training centres in the FY 2024 - 2025.

In conclusion, DroneAcharya Aerial Innovations Ltd has emerged as a prominent player in the drone industry, driving innovation and contributing to the development of cutting-edge applications. With its strong focus on training, partnerships and technological advancements, the company is poised to continue its upward trajectory and shape the future of drone technology.

Disclaimer: The article is for informational purposes only and not investment advice.

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