DroneAcharya Aerial Innovations, India''s first listed Drone startup on BSE SME, closed FY 2024-25 with a revenue of INR 36.7 Crore, despite an expected credit loss provision of INR 13.03 ....
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Droneacharya Aerial Innovations, India's first listed drone startup on BSE SME, closed FY 2024-25 with total revenue of ₹36.7 Crore but reported a net loss after tax of ₹13.45 Crore. The steep loss was driven mainly by a one-time expected credit loss provision of ₹13.03 Crore under IND-AS accounting; excluding this, the underlying cash loss was just ₹1.43 Crore. EBITDA margin stood at a negative 36.48%, and diluted EPS was -₹5.61. Despite weak bottom-line numbers, 84% of revenue came from exports. The statutory auditor issued an unmodified opinion on standalone and consolidated results, though flagged an ongoing SEBI enquiry with no financial impact recognised so far. The company highlighted strong operational momentum — DGCA certification for its Agriveer drone, Indian Army training contracts, partnerships with Volatus Aerospace and EY, and crossing 1,000+ certified drone pilots.
Short-term, the headline loss and credit-loss provisioning may weigh on stock sentiment, but management claims the ₹13.03 Crore provision is recoverable in FY 2025-26, suggesting underlying core performance is far healthier. Investors should weigh the pending SEBI enquiry and persistent negative returns against the company's defence and export growth story.