• 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 (GPN): 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.Ends