Drone stock jumps 5% after receiving order for aerial survey and data processing

The shares of leading drone service providers hit 5 percent upper circuit after the company bagged a contract for Aerial Survey and data processing worth Rs 1.34 crore.

Price movement

With a market capitalization of Rs 290.24 crore, the shares of Drone Destination Ltd were trading at Rs 119 per share, increasing around 4.99 percent as compared to the previous closing price of Rs 179.30 apiece.

Reason for Rise

The company shares have seen positive movement after Drone Destination Ltd bagged a contract for Aerial Survey and data processing worth Rs 1.34 crore by GarudaUAV Soft Solutions Private Limited, a Trentar Group Company.

Financial performance

Examining the company’s financial condition, revenue jumped by 152 percent from Rs 5.48 crore in H1FY24 to Rs 13.83 crore in H1FY25, and during the same time frame, net profit magnified by 161 percent from Rs 0.39 crore to Rs 1.02 crore.

Product portfolio

The company specializes in the business, trade, operations, manufacturing, repair, rental services, and training of UAVs, UAS, SUAV, RPV, RPAS, UWV, UGV, and various types of drones, including multi-rotor, fixed-wing, single-rotor helicopters, hybrid VTOL, mini, large, customized, and predator drones.

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Clients & Collaborations

The company provides services to major corporations like Reliance, Tata, Airbus, ITC, IFFCO, Aditya Birla Group, and Bayer, while also collaborating with various State Governments, including Haryana, Himachal Pradesh, Madhya Pradesh, Bihar, Gujarat, Karnataka, Arunachal Pradesh, and Andhra Pradesh.

Industry Overview

The Indian drone sector is growing rapidly, with applications in defence, agriculture, surveillance, and more. Government initiatives, including liberalized drone rules, PLI schemes, and mandates from PSUs like NHAI, have boosted adoption. Programs like Svamitva and Namo Drone Didi further support the sector’s growth.

Future outlook

The company anticipates strong growth in the drone industry, particularly in Agri-Spray activities. It plans to shift revenue focus towards services (~65 percent), with less emphasis on training (~30 percent – 3 percent) and sales (~10 percent -15 percent). Scaling its service and training network across India and exploring drone soccer opportunities are key strategies.

Company snapshot

Drone Destination Limited is an India-based Drone as a Service (DaaS) and training company. The Company is a Directorate General of Civil Aviation (DGCA)-approved remote pilot training organization (RPTO) offering certified training programs. The Company has three training bases of its own, at Gurugram, Chandigarh, and Phulpur.

Written by:- Abhishek Singh

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