Latest news with #DreamfolksServices
&w=3840&q=100)
Business Standard
11-07-2025
- Business
- Business Standard
Dreamfolks Services hits new low, tanks 33% thus far in July; here's why
Dreamfolks Services share price today Dreamfolks Services shares hit a new low of ₹158.50, falling 2.6 per cent on the BSE in Friday's intraday trade. Thus far in the month of July 2025, stock price of the airport & airport services company has tanked 33 per cent following the closure of the programmes run for its clients, including Axis Bank, and ICICI Bank, effective from July 1, 2025. With the past nine days' decline, shares of Dreamfolks have corrected 70 per cent from heir 52-week high level of ₹522, which the company had touched on September 6, 2024. Currently, the stock is trading 51 per cent below its IPO issue price of ₹326 per share. The company made its stock market debut on September 6, 2022. Closure of certain programmes of certain clients Dreamfolks, on July 1, 2025, informed that the company has been running various programme for Axis Bank and ICICI Bank. Certain programmes of the abovementioned clients, however, were closed w.e.f. July 01, 2025. Contracts with both the banks, although, are still valid. "While the master agreement with the mentioned banks continues to remain in place, some services — including lounge services offered on a certain category of cards — will be discontinued. The company is currently negotiating with ICICI and Axis banks about new services to be offered in place of the discontinued ones; thus, the potential impact of the said closure of programmes, though material, is difficult to assess as of now," according to analysts. CRISIL Ratings rationale That said, CRISIL Ratings has reaffirmed its credit ratings for the company on the overall sanctioned bank facilities at ₹145 crore. These ratings have been placed under watch with negative implications. CRISIL has indicated that it will continue to engage with Dreamfolks' management to closely monitor the measures taken by the management towards closure of its programmes with the banks, and its impact on the company's overall business and financial performance. The rating watch will be resolved once there is greater clarity on the matter, it said. Meanwhile, lounge services, which are majorly accessed through credit/debit cards, constituted ~93 per cent of the total revenue of Dreamfolks for fiscal 2025. The company's operating income is susceptible to changing credit card schemes as card operators and banks are now focusing on offering services based on spending (higher the spend, higher the eligibility to avail of service). According to CRISIL Ratings, Dreamfolks' revenue is expected to grow 15-20 per cent over the medium term, driven by rising passenger traffic with addition of airports across the country as the government focuses on infrastructure expansion. Diversifying into new segments such as highways, railways, lifestyle, food and beverages, golf courses and tie-ups with RedBeryl, Grey Wall and VFS Global will help Dreamfolks scale up operations and maintain strong market position. The operating margin declined to 8.4 per cent in fiscal 2024 from 12 per cent in fiscal 2023, and further reduced to 7.18 per cent in fiscal 2025, It is projected at 8-9 per cent over the medium term. There has been sizeable onboarding of employees in fiscal 2025 to manage the 3,000+ touchpoints; benefits for this may be visible only from fiscal 2026. The company has also penetrated into new segments such as highway dining, coffee, food and beverage outlets, lifestyle and ultra luxury experiences. Stability in the operating margin while maintaining growth in the new segments with prudent working capital management will be monitorable, CRISIL Ratings said in a rationale. Dreamfolks is India's largest airport service aggregator platform. It provides services such as lounge access, food and beverages, spa, meet and assist, airport transfer, transit hotels/nap room access and baggage transfer. Clients include major card networks, banks, online travel agents, airlines and enterprises.
New Indian Express
03-07-2025
- Business
- New Indian Express
No 'middlemen' required for lounges, says Adani Airport CEO
Adani Airport Holdings said on Thursday that passengers across India can now access lounges directly through their platform in partnership with other lounge operators, thus removing the need for any intermediaries. The Adani Group currently operates the airports in Mumbai, Lucknow, Ahmedabad, Mangaluru, Guwahati, Jaipur, and Thiruvananthapuram. It is also building the Navi Mumbai International Airport. 'Passengers across India can now access lounges directly through our platform in partnership with other lounge operators. This means no intermediaries – only seamless, a world class experience delivered directly to our consumers,' Adani Airport Holdings's chief executive Arun Bansal said on LinkedIn. Bansal added that India is at the global forefront of digital innovation. 'UPl has transformed the lives of a billion Indians, revolutionising how we transact every day and accelerating our journey to becoming the third largest economy in the world. This fintech revolution has eliminated the need for middlemen across sectors, just as companies like Airbnb and Uber did several years ago.' 'We have now brought the same spirit of innovation to our own ecosystem, led by our outstanding Digital Lab team.' Adani Airport's move to cut middlemen and increase accessibility of lounge services comes days after Dreamfolks Services CEO and Chairperson Liberatha Peter Kallat criticised two major Indian airport operators for using pressuring tactics to disrupt her company's business. Dreamfolks Services commands 90% market share in India's domestic lounge access market for debit and credit card programs, as per the company's website.
Business Standard
02-07-2025
- Business
- Business Standard
Dreamfolks drops after terminating programs of Axis Bank, ICICI Bank
Dreamfolks Services declined 4% to Rs 226.85 following the closure of the programs run for its clients including Axis Bank, ICICI Bank, effective from 1 July 2025. However, the company said that its contracts with aforementioned clients are still valid. While the company is currently evaluating the exact potential impact of aforesaid, it is likely to be material in nature. Activation of new programs/ deactivation of existing programs is part of the companys regular business operations. Moreover, the company is committed to take requisite actions for mitigating above impact. Dreamfolks Services is India's largest airport service aggregator platform. Its clients include major card networks, banks, online travel agents, airlines and enterprises. It provides the customers of its clients access to services such as lounges, food & beverage, spa, meet and assist, airport transfer, transit hotels/nap room access and baggage transfer.
Business Upturn
20-06-2025
- Business
- Business Upturn
Dreamfolks shares recover 11% from intraday lows after company confirms ‘no clients lost'
Dreamfolks Services stock rebounded 11% from its intraday low after the company clarified to CNBC-TV18 that it has not lost any clients. As of 11:29 AM, the shares were trading 2.94% higher at Rs 243.00. The company stated, 'All our contracts are in place, and it's business as usual for us.' This reassurance comes amid earlier media reports suggesting potential client exits. Investors took confidence in the clarification, helping the stock recover from steep losses. The stock had earlier dropped following a June 19 PTI report claiming major banks and card networks—including ICICI Bank, Axis Bank, and Mastercard—were considering ending aggregator partnerships with DreamFolks to work directly with airport lounge operators. The report also suggested others might follow suit. The company's clarification helped restore investor confidence. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Mint
19-06-2025
- Business
- Mint
Dreamfolks Services share price crashes 4% after THIS reported move by ICICI Bank, Axis Bank, Mastercard
Dreamfolks Services share price crashed 4 per cent to ₹ 252 apiece on National Stock Exchange in Thursday's trading session. The stock had opened in green in early trading hours, however, slipped into red giving up the gains. Dreamfolks Services shares saw a significant decline after reports indicated that several leading Indian banks and card networks — such as ICICI Bank, Axis Bank, and Mastercard — are planning to shift away from aggregator DreamFolks Services Ltd and instead form direct alliances with airport lounge operators, with others likely to adopt a similar approach. On September 22 last year, DreamFolks, a global aggregator of travel and lifestyle services that provides lounge access at multiple airports, experienced a "temporary service disruption" which affected lounge access for thousands of customers linked to various banks and card networks. According to PTI report, the issue was resolved the following day, however, it prompted banks and card networks to explore alternative solutions. Axis Bank, ICICI Bank, and Mastercard are at the forefront, with more banks likely to join soon. Dreamfolks, a leading airport lounge operator in India, asserts that it holds a 90 per cent share of the domestic lounge access market for debit and credit card users. In September, passengers across the country encountered difficulties accessing airport lounges due to a sudden shutdown of at least 49 lounges at 34 airports, as per reports. Dreamfolks Services reported a 17.09 per cent drop in net profit to ₹ 14.94 crore for the March 2025 quarter, compared to ₹ 18.02 crore in the same quarter of the previous year. However, revenue for the quarter increased by 11.75 per cent to ₹ 314.16 crore, up from ₹ 281.14 crore in March 2024. For the full financial year ended March 2025, the company's net profit declined by 5.17 per cent to ₹ 65.43 crore from ₹ 69 crore in the previous fiscal. Annual revenue, however, grew by 13.82 per cent, reaching ₹ 1,291.88 crore as against ₹ 1,135.01 crore in the year ended March 2024. Established in 2013, DreamFolks is a publicly listed company and a prominent airport services aggregator in India, providing travelers with access to a range of airport-related services and serving as a platform for clients such as banks, card networks, and airlines. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
