Dreamfolks Services Limited Q4 & FY24 Financial & Operational Performance

DreamFolks achieves Revenue of Rs. 11,350 Million registering a progress 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

Mumbai (India), 28 May 2024 – Dreamfolks Services Limited (herein known as “DreamFolks”), India’s largest airport service aggregator platform, at the moment introduced the monetary outcomes for the fourth quarter and full yr ended 31 March 2024.

Ms. Liberatha Kallat, Chairperson and Managing Director, commented on the efficiency: “In FY24 now we have achieved a Revenue amounting to Rs. 11,350 Million, reflecting a 47% YoY progress. Additionally, our “Other Services” aside from India lounge proceed to broaden, recording a 14x leap from FY22 to FY24 with Revenue contribution rising to six% this yr, up from lower than 2% in FY22. This progress is especially noteworthy, given the sturdy progress of our India Lounge enterprise lately. Our full yr Gross Margins of 12.1% had been according to our steerage of 11-13%.

Our imaginative and prescient is to make premium journey and way of life experiences accessible to everybody. We are steadfast in our dedication to this objective, repeatedly enhancing our portfolio with modern companies into our portfolio by way of strategic collaborations. This quarter, now we have expanded our choices to incorporate luxurious automotive leases, magnificence and grooming companies, and personalised luxurious way of life companies. In addition to broadening our shopper base, we’re additionally focussing on deepening our engagement with the present shoppers, by providing further companies and growing their pockets share. Furthermore, our ambition to go world is being realised with the recruitment of a senior skilled at our workplace in Singapore. This strategic transfer is meant to penetrate the Southeast Asian market, capitalising on the area’s sturdy financial progress and dynamic enterprise atmosphere, thereby appearing as a gateway to broader world alternatives.

Our main place within the lounge companies trade, coupled with our proprietary state-of-the-art expertise platform and deep integration with long-standing shoppers positions us strongly. Supported by beneficial trade tailwinds comparable to growing demand for journey and luxurious companies and the rising adoption of bank cards and digital fee options; we’re well-equipped to maintain constructive efficiency in future.

Key Financial Highlights of the Quarter (Consolidated):

• Particulars (Rs Million) Q4FY24 Q4FY23 YoY FY24 FY23 YoY
• Revenue from Operations 2,811 2,378 18.2% 11,350 7,733 46.8%
• Gross Profit 351 425 (17.3%) 1,368 1,279 7.0%
• Adjusted EBITDA* 273 359 (24.2%) 1,033 1,046 (1.2%)
• Profit After Tax 180 253 (28.9%) 686 725 (5.4%)

*After adjusting for non-cash ESOP Expenses

Other Highlights:

• Formed a strategic partnership with RedBeryl, a pioneer in luxurious way of life and personalised companies facilitator, providing entry to three,000+ unique members-only membership throughout 150+ international locations, together with front-row seating at world sporting occasions.; eating experiences and elite mobility choices, and plenty of extra luxurious companies.
• Expanded partnership with Eco Mobility, to offer entry to luxurious automotive rental companies in 150+ airports in India and overseas to DreamFolks membership members.
• Partnered with Beauty and Grooming companies supplier Looks Salon, permitting DreamFolks shoppers and Club Members to take pleasure in a wide range of grooming companies by way of its 200+ shops throughout the nation.