Worries around Russian drone incursions across Europe have led the European Union to accelerate construction of a “drone wall” to detect and destroy unmanned aerial vehicles with investors betting on ASX-listed Droneshield as a financial beneficiary.

Shares in the drone detection business rose 3 per cent on Monday after the company reported an operating profit in the three months ended September 30 of $20.1 million. Revenue rose more than 10-fold from the same quarter a year earlier to $92.9 million, illustrating the company’s rapid growth.

The stock has now rocketed 2,475 per cent over the past five years to a $4.1 billion valuation and joined the S&P/ASX 200 in September.

Demand for the company’s drone guns, which jam communications with a drone’s remote controller, is coming largely

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