Droneacharya Aerial Innovations Ltd Share Price – BSE

Education, Small Cap

This contract is a significant milestone as it signifies the increasing adoption of the FPV drones by the Indian Army in their tactical missions, said the firm.

The training program, spanning an extensive duration of 15 days, will cover a comprehensive curriculum including theory sessions on the latest rules and regulations issued by the Directorate General of Civil Aviation (DGCA), emergency protocols, simulator training to enhance drone flying skills in simulated environments, and practical on-ground drone flying exercises.

“This initiative represents a significant step forward in the integration of drones into the Indian Defence framework. FPV drones have emerged as potent force multipliers in asymmetric warfare and Defence tactics,” the company stated in the press release.

Prateek Srivastava, founder and MD of DroneAcharya, said, They are ideal low-cost options in counterinsurgency, line of control (LOC)/line of actual control (LAC) operations, mechanized operations, and have proven their worth in recent conflicts such as the Russia-Ukraine War and the Armenia-Azerbaijan War.”

DroneAcharya Aerial Innovations is engaged in the main operations of the company are imparting the drone operation training, drone supply and maintenance services and management consultancy and training services.

The company reported a net profit of Rs 3.96 crore in H1 FY24, steeply higher than Rs 0.13 crore in H1 FY23. Net sales zoomed to Rs 20.89 crore in H1 FY24 as against Rs 1.90 crore posted in the same period a year ago.

The scrip declined 1.54% to Rs 153 on the BSE.

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“This significant endeavor is in tandem with the contract awarded to DroneAcharya for supplying drone simulators,” said the firm.

The supply and implementation of these components will take place at NCPITS (CBS) Bhalra, Jammu & Kashmir.

The company stated that this latest contract underscores its commitment to comprehensive training infrastructure, enabling the Ministry of Defense, Department of Military Affairs to conduct immersive and effective internal drone simulator training sessions. The integration of these drone lab equipment complements the advanced simulator technology, fostering an enriched learning environment for the development of drone piloting skills.

The provision of these specialized workstations aligns seamlessly with the Ministry of Defense’s vision to bolster internal training capabilities in drone piloting. The integration of these drone lab equipment further solidifies DroneAcharya's role in supporting the Ministry's efforts to cultivate adept drone pilots within the military ranks, it added.

DroneAcharya Aerial Innovations is engaged in the main operations of the company are imparting the drone operation training, drone supply and maintenance services and management consultancy and training services.

The company reported a net profit of Rs 3.96 crore in H1 FY24, steeply higher than Rs 0.13 crore in H1 FY23. Net sales zoomed to Rs 20.89 crore in H1 FY24 as against Rs 1.90 crore posted in the same period a year ago.

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The contract has been received by the Ministry of Defense, Department of Military Affairs, based in Bhalra, Jammu & Kashmir and will be executed at NCPITS (CBS) Bhalra.

“This contract marks a significant step forward for DroneAcharya Aerial Innovations Limited in contributing to the enhancement of military training and development programs. The contract underlines the company's commitment to pioneering innovations in Aerial Technology and its dedication to supporting the defense sector with state-of-the-art solutions,” said the company.

The firm added that the contract is strategically aligned with the Ministry of Defense, Department of Military Affairs' vision to empower its internal team members with advanced skills in Drone piloting and Aerial maneuvers. DroneAcharya's simulators are poised to play a pivotal role in training sessions aimed at honing the expertise of military personnel in drone flying, leveraging the latest advancements in simulation technology.

The contract's scope aligns with DroneAcharya's offerings in Drone - Centric professional courses, the company stated.

DroneAcharya Aerial Innovations is engaged in the main operations of the company are imparting the drone operation training, drone supply and maintenance services and management consultancy and training services.

The company reported a net profit of Rs 3.96 crore in H1 FY24, steeply higher than Rs 0.13 crore in Q2 FY23. Net sales zoomed to Rs 20.89 crore during the quarter as against Rs 1.90 crore posted in H1 FY23.

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Droneacharya Aerial Innovations will hold a meeting of the Board of Directors of the Company on 27 October 2023.

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