Mumbai, May 9 -- Revenue from operations tumbled 80.14% YoY to Rs 20.31 crore in the quarter ended 31 March 2025.

The company reported pre-tax loss of Rs 25.69 crore during the quarter as compared with profit before tax of Rs 14.14 crore in Q4 FY24.

The manufacturer of Unmanned Aircraft Systems (UAS) reported a negative EBITDA of Rs 174.1 crore for the fourth quarter of FY25, compared to a positive EBITDA of Rs 202.5 crore in the same period last year. EBITDA margins stood at -85.7% in Q4 FY25, sharply down from a positive margin of 19.8% reported in Q4 FY24.

Ankit Mehta, CEO, said, "FY25 saw a substantial slowdown for the broader drone industry in India, owing to the general elections in the first part and then the slow progress towar...