loader2
Login Open ICICI 3-in-1 Account
Open ICICI 3-in-1 Account

Dreamfolks Services Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
Dreamfolks Services Ltd. 08 Nov 2024 17:24 PM
Result PDF

H1FY25 Half Yearly Result Announced for Dreamfolks Services Ltd.

Travel Support Services company Dreamfolks Services announced H1FY25 results

  • Revenue from Operations: Rs 6,377 million compared to Rs 5,488 million during H1FY24, change 16.2%.
  • Gross Profit: Rs 768 million compared to Rs 635 million during H1FY24, change 21%.
  • EBITDA: Rs 513 million compared to Rs 464 million during H1FY24, change 110.6%.
  • PAT: Rs 332 million compared to Rs 306 million during H1FY24, change 8.3%.

Liberatha Kallat, Chairperson and Managing Director, said: “We achieved double-digit growth on Revenue and Gross Profit, during the quarter, while in H1FY25, all key financial metrics such as - Revenue, Gross Profit, Adjusted EBITDA, and PAT reported a decent performance. This financial performance is the testament to the strategic initiatives we have undertaken over the past few quarters.

The “Services other than India airport lounge” contributed 6.7% to Revenue in Q2FY25 as compared to 5.5% in Q2FY24. Our continuous efforts to grow other services have started giving yields backed by growth in services like Golf and Railway Lounge.

Furthermore, we have successfully broadened our portfolio of clients, incorporating seven new enterprises to our client base in Q2FY25. Moreover, our commitment to maintaining a 100% airport lounge coverage in India continues, as witnessed by the addition of four new lounges to our network, culminating in a total of 74 lounges in India. In a further expansion to our global lounge network, we have integrated 38 new lounges with a significant number situated within Asia.

Our strategic initiatives towards integrating new services, customer acquisition, increasing wallet share with existing clients and geographic expansion; coupled with the strong momentum being witnessed by our allied industries; will continue to contribute towards our growth in future.

Meanwhile, our commitment to operational excellence as well as our investment in technology and people will ensure a sustained growth in profitability as well. We are confident that our unique business model and our strategies will continue to foster sustained long-term growth.”

Result PDF

Result PDF

Travel Support Services company Dreamfolks Services announced Q1FY25 results:

  • Q1FY25 Revenue at Rs 3,208 million, up 20% YoY
  • Q1FY25 Gross Profit at Rs 376 million, grew by 32% YoY
  • Q1FY25 Adjusted EBITDA at Rs 258 million, grew by 30% YoY

Liberatha Kallat, Chairperson and Managing Director, commented on the performance: “We are happy to report a strong start to FY25. Our revenue from operations climbed approximately 20% YoY to Rs 3,208 million in Q1FY25, from Rs 2,663 million in Q1FY24. We recorded a gross margin of 11.7% and Adjusted EBITDA margin of 8.0% in Q1FY25.

We are on track to achieve a revenue growth of 20%, a gross margin of 11-13% on a yearly basis, which is in line with our guidance for FY25. Given the seasonality and contract renewal cycle of our business, the first two quarters in a fiscal see margin compression as compared to the second half of the year where we see the margins expand.

A notable highlight of this quarter was the growth in passenger volumes by 2.8% YoY, despite a structural shift from blanket benefit offers to the spend based program implementation, by most of our clients.

We continue to take strides towards becoming a one-stop aggregator of lifestyle services in the country and will continue to take initiatives in line with our business strategies of adding new contemporary services other than lounges, increasing wallet share with existing clients, expanding & diversifying our client base and expanding geographically. In line with our strategy of adding more contemporary services into our portfolio, we have introduced a new service – Doctor consultation and Medicine on call during the quarter.

We believe that with our unique business model, the tail winds from our allied industries, proprietary state-of-the-art technology platform and our foray into adjacent lifestyle services, we are confident of the long-term momentum being sustained.”

Result PDF

Travel Support Services company Dreamfolks Services announced Q4FY24 & FY24 results:

FY24 Financial Highlights:

  • DreamFolks achieves Revenue of Rs 11,350 Million registering a growth of 47% in FY24
  • Declares a Final Dividend of Rs 1.5 per share, taking Total Dividend in FY24 to 100% of the Face Value 

Q4FY24 Financial Highlights:

  • DreamFolks achieves Revenue of Rs 2,811 Million registering a growth of 18.2% in Q4FY24
  • PAT was at Rs 180 crore down by 28.9% YoY

Liberatha Kallat, Chairperson and Managing Director, commented on the performance: “In FY24 we have achieved a Revenue amounting to Rs 11,350 Million, reflecting a 47% YoY growth. Additionally, our “Other Services” other than India lounge continue to expand, recording a 14x jump from FY22 to FY24 with Revenue contribution growing to 6% this year, up from less than 2% in FY22. This growth is particularly noteworthy, given the strong growth of our India Lounge business in recent years. Our full year Gross Margins of 12.1% were in line with our guidance of 11-13%.

Our vision is to make premium travel and lifestyle experiences accessible to everyone. We are steadfast in our commitment to this goal, continuously enhancing our portfolio with contemporary services into our portfolio through strategic collaborations. This quarter, we have expanded our offerings to include luxury car rentals, beauty and grooming services, and personalised luxury lifestyle services. In addition to broadening our client base, we are also focussing on deepening our engagement with the existing clients, by offering additional services and increasing their wallet share. Furthermore, our ambition to go global is being realised with the recruitment of a senior professional at our office in Singapore. This strategic move is intended to penetrate the Southeast Asian market, capitalising on the region’s robust economic growth and dynamic business environment, thereby acting as a gateway to broader global opportunities.

Our leading position in the lounge services industry, coupled with our proprietary state-of-the-art technology platform and deep integration with long-standing clients positions us strongly. Supported by favourable industry tailwinds such as increasing demand for travel and luxury services and the growing adoption of credit cards and digital payment solutions; we are well-equipped to sustain positive performance in future."

Result PDF

Travel Support Services company Dreamfolks Services announced Q2FY24 & H1FY24 results:

  • Q2FY24:
    • In Q2FY24, the company generated revenue from operations amounting to Rs 2,825 million, a significant increase compared to the Rs 1,712 million in Q2FY23.
    • Gross profit for Q2FY24 was Rs 351 million, up from Rs 269 million in Q2FY23.
    • EBITDA in Q2FY24 stood at Rs 248 million, an improvement from Rs 210 million in Q2FY23.
    • Profit before tax for Q2FY24 was Rs 236 million, showing growth from Rs 196 million in Q2FY23.
    • The profit after tax in Q2FY24 was Rs 177 million, compared to Rs 148 million in Q2FY23.
    • The Profit After Tax (PAT) margin for Q2FY24 was 6.25%, down from 8.65% in Q2FY23.
    • The Diluted Earnings Per Share (EPS) in Q2FY24 was Rs 3.25, an increase from Rs 2.74 in Q2FY23.
  • H1FY24:
    • For H1FY24, the company reported revenue from operations of Rs 5,488 million, a substantial increase from the Rs 3,315 million in H1FY23.
    • The gross profit for H1FY24 amounted to Rs 635 million, up from Rs 521 million in H1FY23.
    • EBITDA in H1FY24 reached Rs 435 million, an improvement from Rs 404 million in H1FY23.
    • Profit before tax for H1FY24 was Rs 413 million, showing growth from Rs 379 million in H1FY23.
    • The profit after tax in H1FY24 was Rs 306 million, compared to Rs 283 million in H1FY23.
    • The PAT margin for H1FY24 was 5.58%, down from 8.52% in H1FY23.
    • The Diluted EPS in H1FY24 was Rs 5.63, an increase from Rs 5.23 in H1FY23.

Liberatha Kallat, Chairperson and Managing Director, commented on the performance, “The company delivered a strong revenue performance registering 65.0% growth YoY in Q2FY24 while on a QoQ basis revenue grew marginally by 6.1%. On a sequential basis, the company has seen a gross margin improvement of 174 bps to 12.4% in Q2FY24.

We are a dominant player in the airport services industry and are at the forefront of digitizing the industry, which is witnessing multiple tailwinds. The domestic passenger traffic, as reported by the DGCA, has witnessed a growth of 20% on a YoY basis in H1FY24, while the Dreamfolks pax has increased by 47% in the same period, indicating the growing demand for lounge services in India as well as changing attitude of people towards having new experiences.

As the travel industry continues to witness robust demand, we believe we are well-positioned to capitalize on the growth opportunities. We are working hard to achieve the goals and are excited about the future.”

 

Result PDF

Dreamfolks Services announced Q3FY23 results:

  • Q3FY23:
    • Q3FY23 revenue of Rs 2,040 million; 107.50% growth YoY ­
    • EBITDA at Rs 267.15 million; EBIDTA margin at 13.05% ­
    • PAT stood at Rs 189.77 million; PAT margin at 9.30%
  • 9MFY23:
    • 9MFY23 revenue of Rs 5,355 million; 192.09% growth YoY ­
    • EBITDA at Rs 672.96 million; EBIDTA margin at 12.52% ­
    • PAT stood at Rs 472.28 million; PAT margin at 8.82%

Commenting on the results Ms. Liberatha Kallat, Chairperson and Managing Director said: “Globally, air travel has bounced back like never before and we have surpassed the pre-covid numbers as well in terms of domestic air traffic in India. This growth comes on the back of the opening up of borders, growing propensity to travel by air over other modes and constant upgradation of airport infrastructure to meet the growing demand. In line with this growth trajectory, the footfall in airport lounges has also been extremely strong.

With greater awareness around lounges, higher intent to spend on comfort, increasing waiting time at airports and rise in the number and size of lounges, multiple factors have played out as strong tailwinds and helped us scale great heights in a short span of time. We have always ensured that we provide the best-in-class services to our clients and make the end customer experience seamless through omni-channel modes customised to the user’s preferences. Recently launched self-check-in kiosks at leading airports are perfect examples of that, with which we aim to declutter airport lounges, reduce queues and elevate the customer’s journey. We also started Web-Access for consumers to check their card benefits, utilization and self-generate lounge access QRs.

Over the course of this quarter, we increased the service offerings to our premium customers with the tie-up with Vidsur Golf, enabling them to access 40 golf courses in the country and 250 golf courses across APAC. Additionally, our network of railway lounges is growing at rapid pace with high quality facilities catering to an extremely large number of passengers who travel by this mode.

Coming to our financial performance, we recorded our highest ever revenue for a quarter standing at Rs 2,040.00 million. The same metric for the nine-month period stood at Rs 5,355.00 million, indicating a growth of 107.50% and 192.09% YoY respectively. Our profitability and return ratios have improved over time and our lean organization structure in tandem with our asset light mode of operations put us in a very strong position to further improve upon our margins as we scale. With a deeply integrated tech stack, strong R&D team working on future initiatives and cash generative operations, we stand on a strong footing to stay ahead of the curve and achieve our targets.”

Result PDF

Trending News

Midhani has secured an order of Rs. 121.75 crore

Midhani has secured an order of Rs. 121.75 crore

Published on 19-Dec-2025 09:02

Aeroflex Industries Board has approved a ₹97.56 crore expansion plan

Aeroflex Industries Board has approved a ₹97.56 crore expansion plan

Published on 19-Dec-2025 09:01

As per media sources, HDFC Bank has raised a $1 billion three-year overseas loan from its GIFT City branch

As per media sources, HDFC Bank has raised a $1 billion three-year overseas loan from its GIFT City branch

Published on 19-Dec-2025 09:00

TCS, on its Investor Day 2025, articulated a clear shift towards an AI-first enterprise

TCS, on its Investor Day 2025, articulated a clear shift towards an AI-first enterprise

Published on 18-Dec-2025 09:07

Syrma SGS Technology has completed the first tranche of its acquisition of defence and aerospace electronics firm Elcome Integrated Systems

Syrma SGS Technology has completed the first tranche of its acquisition of defence and aerospace electronics firm Elcome Integrated Systems

Published on 18-Dec-2025 09:06

POWERGRID has commissioned the Western Region Expansion Scheme-XXV

POWERGRID has commissioned the Western Region Expansion Scheme-XXV

Published on 18-Dec-2025 09:05

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Download App

Download Our App

Play Store App Store
market app
✕
Application status