Results seem fine.
Key points:-
Revenue mix = 76:24 (domestic vs international)
Likely moderation in revenue in the short term as card industry aligns to spend based program structure; however this should bode well in the long term since it enables the higher spend based travellers to avail lounge services
Sales growth = 65% y o y & 6.1% q o q
Gross profit growth = 30.4% y o y & 23.4% q o q
PAT growth = 19.2% y o y & 38.25% q o q
OPM at 9% vs 7% last qtr
New services:-
Tie up for pan-India Salon services and
Offering technology solution in Malaysia for SEA clients – details around the business model to be seen
Dreamfolks q2 fy24.pdf (2.2 MB)
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