Shares of Dreamfolks Services Ltd hit 5% lower circuit for second consecutive session on September 18 after the firm, which has been facing certain headwinds, has discontinued the domestic airport lounge services.
On September 18, the firm's shares were trading 5% lower at Rs 124.51 apiece. The 52-week low of the stock is Rs 123 and 52-week high is Rs 512.85. The market capitalisation of the stock is Rs 663 crore.
Dreamfolks Services, founded in 2013, is a global travel and lifestyle services aggregator.
"... the company wishes to update that the services of domestic airport lounges have been discontinued to our clients, effective today. Impact of the same is material. The other domestic services and global lounge business will continue as usual," the company said in a regulatory filing on September 16.
Without providing specific details, Dreamfolks also said contracts with clients remain active and the discussions with the clients on alternate customer value propositions are in progress.
On August 29, Dreamfolks said it has received communications from suppliers, indicating their intention to discontinue certain services.
"The suppliers are Adani Digital, Semolina Kitchens (effective September 15, 2025), and Encalm Hospitality (effective November 01, 2025)," it had said in a regulatory filing.
During an earnings call to discuss June quarter results on August 7, Dreamfolks Chairperson and Managing Director Liberatha Kallat said the industry landscape is continuously evolving.
"Although in the past, the private airport operators claimed to reduce reliance on facilitators of lounge access, a new dynamic has emerged - they have essentially become lounge aggregator themselves at all the airports across India," Kallat had said.
In 2024-25, the company raked in a net profit of Rs 65 crore on revenues of Rs 1,292 crore.
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