Drone Destination Limited — Investor Meet, 03-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Drone Destination reported consolidated FY25 revenue of INR25.74 Cr, down from INR32.6 Cr, with EBITDA of INR0.5 Cr versus INR13.86 Cr and a PAT loss of INR6.81 Cr versus profit last year. The decline was due to delays in government drone procurement and agro spraying projects, impacting training and agri spray segments by 40-60%. Management is diversifying into drone survey/mapping, defense training, and consultancy, targeting exports in the Middle East, EU, and Africa. Working capital is affected by survey project receivables; they are shifting to milestone payments and B2C agri services. Strong liquidity is reflected in a current ratio of 3.73. The focus is on growth via government programs, expanded agri services, and defense demand, with cautious optimism for upcoming large contracts.