Drone Startup AVPL International Reports Flat Profit, Revenue Growth in FY26

Drone technology startup AVPL International, under its parent company AITMC Ventures, posted a net profit of ₹14.2 Cr for the fiscal year 2026 (FY26). This marks a minimal 1% increase from the ₹14.1 Cr profit recorded in the previous fiscal year, indicating stagnant profit levels.

In contrast, the company's operating revenue experienced a substantial rise of 26.3%, reaching ₹106.8 Cr in FY26, up from ₹84.5 Cr in the prior year. Revenue from services accounted for ₹70.48 Cr, while product sales contributed ₹36.28 Cr.

The significant increase in expenses, which grew by 34.7% to ₹88.3 Cr in FY26, outpaced revenue growth. This led to a decrease in the net profit margin, falling to approximately 13.3% in FY26 from 16.7% in FY25. The company's EBITDA margin also declined from 34.4% to 27.2%.

Founded in 2016, AVPL International specializes in drone training and skill development programs for the agriculture sector, operating over 70 training centers across 16 Indian states. The company has previously explored public listing opportunities, with earlier plans not yet materializing.