Quarterly results for Dreamfolks Services Ltd

Dreamfolks Services Limited announced its Q2 FY26 results on November 14, 2025.

Financial Highlights (Standalone):

Revenue: INR 2,055.18 million, down 41.1% QoQ (INR 3,489.50 million in Q1 FY26) but up 29.8% YoY (INR 1,585.55 million in Q2 FY25).
Profit After Tax (PAT): INR 121.79 million, down 45.1% QoQ (INR 221.85 million) but up 42.3% YoY (INR 85.56 million).
EBITDA Margin: ~7.6% in Q2 FY26, slightly down from ~8.4% in Q1 FY26.
Net Profit Margin: ~5.9% in Q2 FY26.
Basic EPS: INR 2.29 (Q2 FY26).

Consolidated results were broadly consistent with standalone figures, with PAT at INR 112.27 million and basic EPS of INR 2.11 for Q2 FY26.

Balance Sheet:

Total assets stood at INR 4,842.68 million (standalone) as of September 30, 2025.
Equity base remained strong at INR 3,404.11 million.
Cash and cash equivalents declined to INR 119.65 million (standalone).
Operating cash flow was negative in H1 FY26 due to working capital outflows.

Management Commentary and Corporate Actions:

Domestic airport lounge services were discontinued during Q2 FY26, expected to materially impact revenue.
Acquired a 50.01% stake in Ten 11 Hospitality LLP for INR 11.46 crore on November 10, 2025, to strengthen railway lounge services.
No changes in accounting policies; results prepared under Ind AS 34.

Segment Performance:

Single business segment: benefit management services via proprietary technology platform.
No separate segment or geographic breakdown provided.

Capex:

Modest capital expenditure of INR 8.89 million on property, plant, and equipment in H1 FY26.

Auditor’s Note:

Unmodified (clean) limited review reports on standalone and consolidated results with no qualifications.

Outlook: