Drone stock jumps after company signs MoU with Airbots Aerospace for agricultural drones 

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Drone stock jumps after company signs MoU with Airbots Aerospace for agricultural drones 
Credit: © Reuters.

The shares of one of the leading drone manufacturing and solutions providers in india and Overseas jumps 2 percent in the day’s trade upon signing a strategic partnership through MoU with Airbots Aerospace Technologies Private Limited.

With a market capitalization of Rs. 336 Crores, the shares of Droneacharya Aerial Innovations Limited were trading at Rs. 140.25, up 0.47 percent from its previous day’s close price of Rs. 139.60.

Droneacharya Aerial Innovations Limited has announced a strategic partnership through a Memorandum of Understanding with Airbots Aerospace Technologies Private Limited. This collaboration aims to bolster joint efforts in the drone industry, with a strong focus on the agricultural sector.

Under the MOU, DroneAcharya will serve as a non-exclusive partner, acquiring the selling rights for Airbots agricultural drones and distributing them within designated territories. Additionally, DroneAcharya will have the authority to secure tenders and contracts on behalf of both companies, enhancing market opportunities and competitive advantage.

DroneAcharya will also establish Remote Pilot Training Organizations (RPTOs) to offer specialized training programs for drone pilot. These programs, conducted at DroneAcharya’s state-of-the-art facilities, will focus on the operation and maintenance of Airbots’ agricultural drones.

In turn, Airbots Aerospace Technologies Private Limited will supply high-quality, rigorously tested drones, backed by robust warranty policies. Additionally, Airbots will direct interested parties to DroneAcharya’s training programs, ensuring seamless integration between product acquisition and skill development. Airbots will also conduct paid drone demonstrations and provide operational training on basic maintenance to support their customers further

Both companies will engage in collaborative promotional activities, including extensive marketing campaigns in electronic media to showcase the strengths and benefits of this strategic partnership. Additionally, promotional drone tours across various regions in India will demonstrate the capabilities and advantages of our agricultural drones to a wider audience.

Droneacharya Aerial Innovations Limited is engaged in providing a high-end ecosystem of Drone solutions for multi-sensor Drone surveys, data processing of Drone data using robust high-configuration workstations, Drone pilot training, and specialized GIS training.

Its revenue from operations grew 417.27 percent from Rs. 3.59 Crores in FY22 to Rs. 18.57 Crores in FY23, accompanied by increasing profits of Rs. 0.41 Crore to Rs. 3.43 Crore.

In the financial year 2023, it reported a return on equity (ROE) of 8.51 percent and a return on capital employed (ROCE) of 11.52 percent, it is making good returns on its equity and capital employed, Its profitability ratios are increasing year on year.

Written by: Bharath K.S

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The post Drone stock jumps after company signs MoU with Airbots Aerospace for agricultural drones appeared first on Trade Brains.

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  • vineet sehgal @vineet sehgal
    what a massive jump
    Like 1

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