DroneAcharya Shares Slump Over 6% After H2 Loss, SEBI Probe

Shares of dronetech company DroneAcharya crashed 6.6% to INR 60.50 apiece on the BSE during the morning trade after it reported a loss of INR 15 Cr for H2 FY25 on Saturday (September 27).

The stock was down 4.8% at INR 61.67 as of 11:28 compared to its previous close of INR 64.78. The company’s market capitalisation stood at INR 147.94 Cr ($16.67 Mn).

DroneAcharya reported a net loss of INR 15.1 Cr for H2 FY25 as against a profit of INR 2.2 Cr in the year-ago period. Its operating revenue also tumbled 47% to INR 7.6 Cr during the period from INR 14.3 Cr in H2 FY24.

As a result of the weak H2 numbers, DroneAcharya posted a loss of INR 13.5 Cr in FY25 as against a profit of INR 6.2 Cr in FY24. Revenue declined 1.9% to INR 34.5 Cr during the year from INR 35.2 Cr in FY24.

Along with the financial numbers, the dronetech company said that SEBI issued a showcause notice to it and some of its directors in May. The notice pertained to certain matters under review by the regulator in relation to the affairs of the company.

“The company has submitted its response within the prescribed timelines, including the necessary clarifications, explanations, and supporting documentation as sought by SEBI. As of the date of this report, the matter remains under examination and no final order has been passed,” DroneAcharya said.

Notably, the company reported its financial results after a delay of about five months. In June, the BSE slapped a fine of INR 1.3 Lakh on the company for alleged non-compliance with Regulation 33 of SEBI Regulations 2015.

In its financial statement, the company attributed the delay to “resource constraints and extended internal audit reviews”.

It is also pertinent to highlight that this was the second time that the Pune-based company delayed reporting its financial numbers. Last year, the company delayed filing its H2 FY24 financial report by two days, which resulted in the BSE imposing a fine of INR 5,900.

Meanwhile, in a statement yesterday, the company said it continues on its steady growth trajectory as a drone solution provider and drone-centric training organisation.

“The outlook for FY26 remains positive, driven by the company’s diversified portfolio of drone-based solutions and services. This momentum is supported by DroneAcharya’s focus on product innovation, defence applications, strategic partnerships, and training initiatives,” it said.

Notably, in May this year, the BSE SME-listed company halted its decision to merge with agri-drone company AITMC Ventures. “The reason for the rescission is to re-evaluate the term sheet and focus on the current growth and future opportunities in the sector,” it said then. 

Since then, the stock has declined over 21%. On a year-to-date basis, the company’s shares are down 49.4%.