Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

DroneAcharya Profits Tank 65% YoY To ₹67 Lakh In H1

Drone tech company DroneAcharya’s net profit plunged 65.3% to ₹67 Lakh in the first half (H1) of the fiscal year…

DroneAcharya Profits Tank 65% YoY To ₹67 Lakh In H1

Drone technology firm DroneAcharya experienced a staggering 65.3% drop in net profit to ₹67 Lakh during the first half of the fiscal year 2026-27, down from ₹1.9 Cr in the same period last year. Notably, the company had logged a net loss of ₹1.6 Cr in H2 FY26. The decline in profit was attributed to a significant 18.3% reduction in operating revenue, which fell to ₹7.8 Cr compared to ₹9.6 Cr in H1 FY26.

However, the top line displayed a positive 53.6% sequential growth from ₹5.1 Cr in the previous quarter. Including other income of ₹1.9 Lakh, DroneAcharya's total income for H1 FY27 amounted to ₹7.84 Cr. The company managed to control its expenses effectively, with total expenditure declining by 15.9% year-on-year to ₹6.9 Cr in H1 FY27.

On the operational side, EBITDA stood at ₹4.3 Cr in H1 FY27, a 7.3% decrease from ₹4.6 Cr in the corresponding period last year. Nevertheless, EBITDA margin improved to 54.7% from 48.2% in H1 FY26.

Written by urgent.news from Inc42's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at inc42.com →

More in Finance & Markets

Retail sales and Fed minutes in focus next week

  • Retail sales projected to slow to 0.2% in December, down from 0.8% in September
  • Gas prices surge due to Iran conflict, increasing global oil costs and consumer spending pressure
  • Federal Reserve to announce policy decision on Wednesday, likely to raise rates again in December

More from Saturday 14 November →