- Announces results first time since its public listing in December 2022;
- Crosses the milestone of training 600+ students during the year;
- Expands footprints Pan India through strategic tie-ups and talent recruitment;
- Maintains robust outlook and targets 3x revenue growth in FY24, riding on the demand for drone pilots, foray into manufacturing and higher service capabilities post new drone acquisitions.
Pune/Mumbai, May 03, 2023 (GNI): DroneAcharya Aerial Innovations, a Pune-headquartered integrated drone ecosystem start-up listed on the BSE SME platform, announced its H2FY23 and FY23 financial results – posting strong numbers owing to higher student enrolments and strategic tie-ups. This was the first time the company disclosed its numbers after listing on the BSE SME exchange in December 2022.
| Particulars (Rs. in Lakhs) | H2FY23 | H1FY23 | HoH% | FY23 | FY22 | YoY% |
| Revenue from operations | 1,358.34 | 498.60 | 172% | 1,856.94 | 358.73 | 417% |
| EBITDA (excluding other income) | 365.77 | 132.97 | 175% | 498.74 | 57.3 | 769% |
| EBITDA Margin (%) | 26.9 | 26.7 | 26.8 | 16.0 | ||
| Net PAT | 256.95 | 85.15 | 202% | 342.1 | 40.65 | 742% |
| Net PAT Margin % | 18.9 | 17.1 | 18.4 | 11.3 | ||
| Diluted EPS (in Rs.) | 1.33 | 0.44 | 1.77 | 0.35 |
The company registered a growth of 417% in total revenues at Rs. 18.57 crore during FY 2022-23 as compared to Rs. 3.58 crore for FY 2021-22. The company’s EBITDA and profits after tax stood at Rs. 4.99 crore and 3.42 crore, respectively, with both registering a 700% upwards growth as against FY 2021-22. The year’s performance was led by scale impact kicking in during H2FY23 – with revenues for the half year growing at 172%.
Commenting on the performance, Prateek Srivastava, Founder & Managing Director, DroneAcharya Aerial Innovations, said, “The past year was full of milestones for us at DroneAcharya. We embarked on a journey to build a robust business, expand our horizons, and unearth opportunities in a niche-yet-fast-evolving industry segment. We built a team and tapped a reputed clientele – building acceptance by offering innovative solutions to business challenges. Our IPO enabled us to secure expansion funding, thereby allowing us to think more audaciously when the opportunities present themselves. The results are a testament to our commitment to creating sustained value. The year 2023-24 will witness our evolution as a drone manufacturer, with our recent foray into industrial, enterprise and defence category drones. At the same time, with the delivery of our drone orders going forward, we will significantly boost our services capability, thereby aiming at a high growth 2023-24.”
The company recently announced its successful conclusion of the pilot stage in drone manufacturing. DroneAcharya partnered with GridBots Technologies, a Make in India company, working in the field of nuclear, space and industrial robotics for commercial production, assembly and export of Drones and associated products from July 2023. The company has also expanded to Thailand through its partnership with Asian Institute of Technology (AIT) – eyeing the Southeast Asian markets for upcoming opportunities.
The company has completed more than 325 DGCA drone pilot training programmes and offered 600 other drone training-related courses. The company has counselled and educated more than 6,000 students during the year under review, stated in the press release.
About DroneAcharya Aerial Innovations was incorporated by Indian Drone Industry veteran Mr. Prateek Srivastava in 2017. Today, the company provides a complete ecosystem of drone solutions for multi-sensor drone surveys, data processing of Drone and robust high-configuration hardware for drone delivery, drone-in-a-box solutions for automated survey and surveillance, and drone pilot training, along with GIS data processing, Python coding, and industry-specific courses. Further, it is entering into manufacturing customised 100% indigenous drones and offers customised services.
The company has also forged multiple credible partnerships with corporates and institutions – taking its drone ecosystem proposition to empower corporate objectives and social causes. DroneAcharya has opened its second DGCA certified drone pilot training centre in partnership with Rashtriya Raksha University in Gujarat – an educational institute of national importance. Recently it has signed an MoU with Savitribai Phule Pune University in Pune for Drone Training, establish Drone Centre of Excellence and jointly conduct Research and Development activities. It has also joined hands with IIT Ropar to set up a Drone Centre of Excellence as well as design undergraduate and postgraduate drone and GIS related courses. It has also partnered with TATA STRIVE to provide skill-based training to youth from underserved communities like the LGBTQIA community, Wives of Fallen Heroes and Retired Defence Personnel at a Pan-India level. It has partnered with Whistling Woods International to provide Aerial Cinematography, Drone pilot training and GIS and data processing courses in Mumbai. Just recently, it has indulged in force multiplier effect in terms of Franchise model. DroneAcharya has signed Franchise models specially focusing on Tier 2 / Tier 3 cities such as Jabalpur, Jaipur, Satara and Noida. It aims to have a Pan India presence in the current Financial Year.
The company partnered with Flipkart and carried out Drone Delivery of COVID-19 vaccines for the Medicine from the Sky initiative taken by the Government of Telangana in association with Apollo Hospital. It is an authorised reseller of SPH Engineering, a Latvian company specialising in producing industrial drone sensors and drone mission planning and data processing software. It has recently ventured into manufacturing by partnering with GridBots Technologies, a Make in India company working in nuclear, space and industrial robotics and developing smart – efficient and robust systems.ends GNI SG
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