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Dronetech startup AVPL International parent AITMC Ventures reported a net profit of ₹14.2 Cr in the fiscal year FY26, a meager 1% increase from last fiscal’s profit of ₹14.1 Cr. However, AVPL's operating revenue jumped 26.3% to ₹106.8 Cr in FY26 from ₹84.5 Cr in the previous financial year, according to its annual report. Breaking down its top line, the dronetech startup generated ₹70.48 Cr from sale of services, while product sales contributed ₹36.28 Cr, comprising ₹3.40 Cr from drones and drone parts and ₹32.88 Cr from other IT equipment. Including other income of ₹51 Lakh, total income rose 23.8% to ₹107.27 in the year under review. The startup's net profit margin fell to around 13.3% in FY26 from 16.7% in FY25, as total expenditure grew 34.7% during the year, outpacing the 26.3% growth in operating revenue. The startup’s EBITDA for the year under review stood at ₹29.01 Cr, compared to ₹29.07 Cr in FY25. Its EBITDA margin consequently fell from 34.4% in FY25 to 27.2% in FY26. Founded in 2016 by Preet Sandhuu and Deep Sisai, AVPL International offers drone training and other skill development programmes for the agriculture sector. As per its website, the company operates over 70 drone training centres across 16 states. It also offers drones, drone-as-a-service, and other agri solutions. Last year, AVPL International signed a term sheet for a “strategic company merger” with listed rival DroneAcharaya. However, the deal did not go through. Months later, AVPL International pre-filed DRHP for ₹200 Cr IPO in October last year. Although the SEBI gave its nod to the public listing in January, AVPL is yet to file its updated IPO papers. Inc42 has reached out to the company to discern the timeline of the public offering. The story will be updated based on their response. To note, this marks the dronetech company’s second stab at a public listing. In December 2023, the startup filed its DRHP with SEBI for a listing on NSE Emerge. At the time, the startup was eyeing a fresh issue of up to 2.1 Cr shares, with no offer-for-sale component. However, its IPO didn’t materialise Zooming Into AVPL International’s Expenses Total expenditure increased 34.7% to ₹88.3 Cr in FY26 from ₹65.6 Cr in the last fiscal year. Here’s where AVPL International spent most of its costs: Cost Of Services: Including centre food expense, centre running expense, infra partner expense, fee and lease rent, the spending under this head stood at ₹27.5 Cr in the year under review, marking a 15.1% fall from ₹32.4 Cr in FY25. Purchases Of Stock-In-Trade: The overall expenditure was partly driven by the company's purchases of IT equipment, which stood at ₹27.2 Cr in FY26, compared with no corresponding expense reported under this head in FY25. Employee Benefit Expenses: The company spent ₹8.6 Cr towards employee costs, which includes salary, wages, bonus, allowances and such, marking a 1.9% rise from ₹8.5 Cr in FY25.
document fetched 2026-09-08 02:59 · canonical https://inc42.com/buzz/dronetech-startup-aitmcs-fy26-profit-remains-flat-at-%e2%82%b914-2-cr-revenue-up-26