Motilal Oswal's research report on DreamFolks
DreamFolks (DFS) posted a sharp revenue decline of 41% QoQ / 35% YoY to INR2.0b in 2QFY26, reflecting the significant disruption following the suspension of domestic lounge services (~90% of revenue). EBITDA was down 56% QoQ/48% YoY to INR120m, and EBITDA margin contracted to 5.8% (-190bp QoQ/-150bp YoY). Consolidated PAT stood at INR112m, declining 30% YoY and 47% QoQ, with a 5.5% margin. For 1HFY26, DFS’s revenue/EBITDA declined 13.0%/15.0% YoY. We expect its revenue/EBITDA to dip 49.0%/7.0% YoY in 2HFY26.
Outlook
We value DFS at INR140 per share (14% potential upside), based on 11x FY27E EPS. Reiterate BUY.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
