This company zooms by 6% after reporting a 346% jump in net profit for FY23!

Amidst the sizzling financial season, Dreamfolks Services Ltd reports impressive results. 

Quarterly Performance 

In comparison to the same quarter last year, the company's net profit for the fourth quarter which ended on March 31, 2023, increased by 181.74% to Rs 25.30 crore from Rs 8.98 crore. In Q4FY23, the company's total net revenue increased by 140.55% from Rs 99.41 crore to Rs 239.13 crore in a similar quarter the year prior. 

The company reported a 346.34% increase in net profit for the year ended March 31, 2023, from Rs 16.25 crore to Rs 72.53 crore. When compared to the year ended March 31, 2022, the company's net revenue increased by 173.44% to Rs 776.54 crore from Rs 283.99 crore in the year prior ended on March 31, 2022. 

Share Price Movement    

In the last trading session script was closed at Rs 509.25. Today it opened at Rs 514 and touched a high of Rs 540.55 and a low of Rs 503.65. It was closed at Rs 538.70 up by 5.78%, a total of 98,924 shares were traded over the counter at BSE.  

The BSE group 'B' stock has a market cap of around Rs 2,800 crore and it had a 52-week high of Rs 550 and it has a 52-week low of Rs 348.20. 

Company Profile 

DreamFolks is a dominant player and India's largest airport service aggregator platform facilitating an enhanced airport experience to passengers leveraging a technology driven platform. It facilitate customers access to services like Lounges, Food & Beverage, Spa, Meet & Assist, Airport Transfer, Transit Hotels /Nap Room Access and other services.

Over the years, it have transformed from being an airport lounge access aggregator to an end-to-end technology solutions provider for designing and delivering services that enhance the airport experience. Company asset-light business model integrates global card networks operating in India, credit card and debit card issuers and other corporate clients in India, including airline companies with various airport lounge operators and other airport related service providers on a unified technology platform.