Splendid Q2 Performance: DreamFolks Services’ PAT Soars to Rs 17.7 Crore; Learn More Here!

On October 25, 2023, the shares of DreamFolks Services Limited surged by 0.73%. Furthermore, the stock witnessed a significant increase in trading volume, exceeding 3.63 times the usual activity. The company’s current market capitalization stands at Rs 2,693.72 crore.

DreamFolks Services Limited was established on April 24, 2008. It is India’s leading airport service aggregator platform, enhancing the airport experience for passengers through a technology-driven platform.

The company has released its Q2FY24 results, detailed as follows:

– Revenue reached Rs 282.5 crore, marking a notable increase from Rs 171.2 crore, demonstrating a 65% YoY growth.

– Gross profit for Q2FY24 reached Rs 35.1 crore, surpassing the Q2FY23 figure of Rs 26.9 crore.

– In Q2FY24, EBITDA reached Rs. 24.8 crore, reflecting 18% growth compared to the Rs. 21 crore reported in Q2FY23.

– Profit before tax (PBT) for Q2FY24 amounted to Rs. 23.6 crore, an increase from Rs. 19.6 crore in Q2FY23.

– Profit after tax (PAT) for Q2FY24 amounted to Rs. 17.7 crore, representing a 20% increase over the Q2FY23 figure of Rs. 14.8 crore.

– The PAT margin for Q2FY24 was 6.25%, while for Q2FY23, it was 8.65%.

– Diluted earnings per share (EPS) for Q2FY24 were Rs 3.25, in contrast to the Rs 2.74 in Q2FY23.

These financial figures illustrate the company’s robust performance in the specified periods, characterized by significant growth and improved profitability.

Furthermore, the company operates across distinct verticals. “Card Networks” constitutes the majority, accounting for 58.86% of the business, while “Card Issuer” represents a significant portion at 40.43%. There is a minor contribution from the “Others” vertical, making up 0.71% of the company’s activities. This segmentation underscores the company’s focus on Card Networks and Card Issuer services, with a smaller presence in other areas.

Moreover, the stock has experienced notable buying activity, delivering returns of over 37% on a year-to-date (YTD) basis.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to change. Please consult an expert before making related decisions.