Dreamfolks Services Q1 Results Revenue Up 14.11% QoQ and 20.46% YoY

Dreamfolks Services Q1 Results: Dreamfolks Services reported strong growth in revenue in the first quarter of June 2024. They earned ₹320.80 crores, which is 14.11% more than the previous quarter and 20.46% more than the same time last year. However, their costs also increased. They spent ₹10.37 crores on general expenses, which is a big jump of 63.74% from the last quarter and 40.01% from a year ago. Depreciation costs were slightly lower, while other operating expenses went up by 8.04% from the previous quarter and 30.39% year-over-year.

Dreamfolks Services’ total operating expenses increased by 16.10% from the last quarter and 19.74% from the previous year. This rise in expenses led to a drop in operating income, which decreased by 32.76% from the last quarter but was up 31.13% from last year. Net income before taxes fell by 30.88% from the previous quarter, but it was up 33.05% from the previous year. 

Dreamfolks Services’ Net income also dropped by 32.19% from the last quarter, but increased by 32.24% compared to last year. The earnings per share also fell by 30.88% from the last quarter but rose by 32.49% from the previous year. Overall, despite higher revenues, increased expenses impacted their profit margins.

Here’s a simplified summary of Dreamfolks Services Q1 results:

Source: Here 

For More Q1 Results check our Twitter Page

Visit our website for more Q1 results

Dreamfolks Services Q1 Results

Dreamfolks Services shows the financial results of Dreamfolks Services for the quarter that ended on June 30, 2024. The company made a total income of ₹3,226.20 million during this period. This income comes from two main sources: revenue from operations, which was ₹3,208.00 million, and other income, which was ₹18.20 million.

Dreamfolks Services’ expenses for this quarter were ₹2,978.44 million. The major expenses include ₹2,837.78 million for services, ₹96.32 million for employee benefits, ₹2.84 million for finance costs, ₹8.96 million for depreciation, and ₹37.54 million for other expenses.

Dreamfolks Services’ After subtracting these expenses from the total income, the company made a profit of ₹247.76 million before taxes. The tax expenses for the quarter were ₹63.26 million, which includes current tax, deferred tax adjustments, and previous tax expenses. After paying these taxes, the company's profit was ₹184.50 million.

Dreamfolks Services’ also had some adjustments for other comprehensive income, leading to a total comprehensive income of ₹181.96 million. The table also shows the company's equity share capital, which remains at ₹106.05 million, and the earnings per share, which are ₹3.48 for basic shares and ₹3.37 for diluted shares.

Here are the standalone financial results for the quarter ending June 30, 2024:

(All amounts are in INR millions unless otherwise stated)

Dreamfolks Services Stock Performance 

Dreamfolks Services has a market capitalization of ₹2,543 crore, meaning that's the total value of all its shares combined. The current stock price is ₹479. Over the past period, the highest price was ₹582, and the lowest was ₹432. The stock's Price-to-Earnings (P/E) ratio is 34.9, showing how much investors are willing to pay for each rupee of earnings. The book value of the stock is ₹44.6, indicating the value of the company’s assets per share. It has a dividend yield of 0.42%, which is the percentage of the stock price paid out as dividends. 

Here's a summary of the provided financial information:

Quarterly Results 

Dreamfolks Services’ financial table shows the company's performance over several quarters. In December 2023, Dreamfolks had sales of Rs. 305 crores and expenses of Rs. 278 crores, leading to an operating profit of Rs. 27 crores. They made a net profit of Rs. 20 crores with an EPS (earnings per share) of Rs. 3.80. By March 2024, sales dropped to Rs. 281 crores and expenses to Rs. 256 crores, with a slightly lower operating profit of Rs. 25 crores and a net profit of Rs. 18 crores, resulting in an EPS of Rs. 3.40. 

Here is the table for December 2023, March 2024, and June 2024:

About Dreamfolks Services 

DreamFolks provides a wide range of premium travel and lifestyle services designed to enhance the airport experience for travelers. Their offerings include Lounge Access, where travelers can enjoy a comfortable and relaxing environment before their flight. They also offer Meet and Assist services, helping passengers navigate the airport with ease, and Airport Transfers, ensuring smooth transportation to and from the airport.

DreamFolks provides options for Food & Beverage, allowing travelers to enjoy quality meals and drinks, and Spa services for relaxation and rejuvenation. They also offer Transit Hotels and Nap Rooms for those who need a place to rest during layovers. For golf enthusiasts, DreamFolks provides access to golf facilities.

DreamFolks partners with major banks, airlines, card networks, and online travel agents to offer these services, making it easier for travelers to access and enjoy them. Their goal is to provide a seamless, comfortable, and enjoyable airport experience, tailored to the unique needs of each traveler. By continually expanding their range of services, DreamFolks ensures they meet the diverse needs of their clients and enhance the overall travel experience.