Q1 2024 Dreamfolks Services Ltd Earnings Call Transcript
Key Points
- Dreamfolks Services Ltd (BOM:543591) achieved a strong revenue growth of 20.5% during Q1 FY25.
- Gross margin improved to 11.7% in Q1 FY25 from 10.7% in Q1 FY24.
- Adjusted EBITDA grew by 30.3% year-on-year, reaching 8% in Q1 FY25.
- The company expanded its team by recruiting talent from leading business schools, anticipating substantial returns over the next two years.
- Dreamfolks Services Ltd (BOM:543591) added six new airport lounges domestically and 41 new lounges globally, enhancing its network.
- The adjusted EBITDA margin of 8% in Q1 FY25 is lower than the yearly guidance of 11% to 13%.
- The seasonal nature of the industry means the first half of the fiscal year typically underperforms compared to the second half.
- Contract renewals with vendors in the first half of the year result in lower margins.
- The company faces challenges in marketing its services directly to consumers due to regulatory constraints.
- Employee costs have increased due to annual increments and investment in new workforce, impacting overall expenses.
Ladies and gentlemen, good day, and welcome to the Dreamforce Services Limited Q1 FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. Before we begin, let me remind you that the discussion may contain forward-looking statements and may involve known or unknown risks, uncertainties and other factors. It may be viewed in conjunction with the company's business risks, and that could future -- that could cause future results, performance or achievements to differ significantly from what has been expressed or implied by such forward-looking statements.
Today, on this call, we have with us Mr. Liberatha Kallat, Chairperson and Managing Director; Ms. Giya Diwaan, Chief Financial Officer; Mr. Balaji Srinivasan, Executive Director and Chief Technology Officer; and Mr. Sandeep Sonawane, Chief Business Officer.
I now hand the conference over to Liberatha Kallat. Thank you, and over to you ma'ma.
A very
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