AITMC Ventures, parent of dronetech startup AVPL International, reported a net profit of ₹14.2 crore in fiscal year FY26, a marginal 1% increase from ₹14.1 crore in FY25. The company’s operating revenue rose 26.3% to ₹106.8 crore from ₹84.5 crore the previous year, according to its FY26 annual report published by inc42.com.
The revenue growth was driven by ₹70.48 crore from services and ₹36.28 crore from product sales, which included ₹3.40 crore from drones and drone parts and ₹32.88 crore from other IT equipment. Total income, including other income of ₹51 lakh, increased 23.8% to ₹107.27 crore. However, total expenditure grew 34.7%, outpacing revenue growth and causing the net profit margin to decline from 16.7% in FY25 to 13.3% in FY26. EBITDA stood at ₹29.01 crore, slightly down from ₹29.07 crore the previous year.
Founded in 2016 by Preet Sandhuu and Deep Sisai, AVPL International operates over 70 drone training centres across 16 states, focusing on agriculture sector skill development and drone services. The company offers drones, drone-as-a-service, and other agricultural solutions. Last year, AVPL signed a term sheet for a strategic merger with listed rival DroneAcharaya, but the deal did not materialize, as reported by inc42.com.
The company’s EBITDA margin declined from 34.4% in FY25 to 27.2% in FY26, reflecting rising costs despite revenue growth. AVPL International’s continued expansion in drone training and agri-solutions positions it as a notable player in India’s growing dronetech sector.