BSECompany Update23h ago · 19 Aug 2026, 06:16 pm
Transcript of Earning Call held on August 13, 2026 is attached herewith
Dreamfolks Services Ltd · 543591
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Dreamfolks Services Ltd has announced its Q1 FY27 earnings, with the company's management discussing its financial results and future growth prospects during an earnings conference call. The company has seen a transformation in the domestic airport lounge ecosystem, which has impacted its financial performance but also accelerated its growth as a broader travel and lifestyle benefit platform.
Analysis Scores
Earnings Impact5/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact6/10
Market Sentiment5/10
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Dreamfolks Services Ltd - 543591 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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Dreamfolks Services Limited
Unit No. 301-307, Tower B, Good Earth Trade Tower,
Sector-62, Gurgaon-122001,
Haryana, India | Tel: 0124-4037306
www.dreamfolks.com | info@dreamfolks.com
CIN: L51909DL2008PLC177181
August 19, 2026
To, To,
The Secretary, Listing Department The Listing Manager, Listing Department
BSE Limited National Stock Exchange of India Limited
P. J. Towers, Exchange Plaza, 5 Floor, Plot No. C-1,
Dalal Street Block G, Bandra Kurla Complex,
Scrip Code: Symbol:
Mumbai – 400001 Bandra (E), Mumbai-400051
Subject: Tran 5s4c3r5ip9t1 o f Earnings Conference Call cond DuRctEeAdM oFnO ALuKgSu st 13, 2026
Dear Sir(s)/ Madam(s),
This intimation is being provided in continuation of earlier communication regarding the
Earnings Conference Call for the quarter ended June 30, 2026, in compliance with Regulation
30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
(“SEBI LODR Regulations”).
The Board of Directors of the Company at its meeting held on August 13, 2026, inter alia
approved the Unaudited Financial Results (Standalone and Consolidated) of the Company
for the quarter ended June 30, 2026. The Company hosted Earnings Conference Call on
August 13, 2026. In this connection and in compliance with Regulation 30 read with Para A
of Part A of Schedule III of the SEBI LODR Regulations, we enclose herewith the transcript of
the ‘Dreamfolks Services Limited Q1 FY27 Earnings Conference Call’.
The above intimation will also be available on the website of the Company at
www.dreamfolks.com.
You are hereby requested to take the above intimation on record.
Thanking You!
YFoour rDs rFeaaitmhffuolllkys, Services Limited
Harshit Gupta
Company Secretary and Compliance Officer
Encl:
as above
Regd. Office: 26, DDA Flats, Shivalik Road, Panchsheel Park, South Delhi, New Delhi-110017
“Dreamfolks Services Limited
Q1 FY27 Earnings Conference Call”
August 13, 2026
Disclaimer: E&OE. This transcript has been edited for factual errors. In case of discrepancy, the audio recording
uploaded on stock exchange on 13th August 2026, will prevail.
MANAGEMENT: MS. LIBERATHA KALLAT – CHAIRPERSON &
MANAGING DIRECTOR
MR. BALAJI SRINIVASAN – EXECUTIVE DIRECTOR &
CHIEF TECHNOLOGY OFFICER
MR. SHEKHAR SOOD – CHIEF FINANCIAL OFFICER
MR. SANDEEP SONAWANE –CHIEF BUSINESS OFFICER
Page 1 of 9
Dreamfolks Services Limited
August 13, 2026
Moderator: Ladies and gentlemen, good day, and welcome to the Q1 FY '27 Earnings Conference Call of
Dreamfolks Services Limited. As a reminder, all participant lines will be in a listen-only mode
and there will be an opportunity for you to ask questions after the presentation concludes. Should
you need assistance during the conference call, please signal an operator by pressing star then
zero on your touchtone phone. Please note that this conference is being recorded.
I now hand the conference over to Ms. Liberatha Kallat. Thank you, and over to you ma'am.
Liberatha Kallat: Good evening, everyone, and thank you for joining us. We appreciate your continued interest
and engagement with the company. Earlier today, we announced our financial results for the
quarter ended 30th June 2026. The detailed financials and investor presentation have been made
available on the stock exchanges as well as on our website, and we hope you have had an
opportunity to review them.
As we begin FY27, I would like to reflect briefly on the journey we have undertaken over the
past year. FY26 was a year of significant disruption and structural change, particularly in the
domestic airport lounge ecosystem. While this transition had a material impact on our financial
performance, it has also accelerated a transformation that had been preparing for from being
predominantly a lounge aggregator to becoming a broader travel and lifestyle benefit platform.
The most important change we are seeing today is in the way our banking and enterprise partners
are designing their customer value propositions. The focus is increasingly shifting from a single
standardized benefit to a more personalized combination of experiences based on customer
segments, spending behavior and usage patterns. An example of that is the launch of boarding-
pass based travel benefit program for one of the largest banks’ premium credit card users.
This enables customer to access relevant travel benefits seamlessly through their journey, while
allowing our banking partners to deliver a more contextual and personalized customer
experience. We believe such propositions are an important indication of how the card benefits
ecosystem is evolving and where Dreamfolks can add value.
This plays directly to Dreamfolks' strength given our ability to aggregate multiple services and
configure them through our technology platform. We are, therefore, increasingly positioning
ourselves not merely as a service provider, but as a benefit technology platform that enables
clients to design, distribute and manage differentiated customer propositions across travel and
lifestyle categories.
This evolution is supported by favorable structural industry trends. India's credit card transaction
value is expected to grow from approximately 21 trillion in FY25 to 54 trillion in FY30,
representing a CAGR of around 21%. While transaction volumes are expected to increase to
nearly 13 billion.
At the same time, global travel and tourism continues to expand with the sector contributing
approximately USD11.6 trillion to the global economy in 2025. APAC remains one of the key
Page 2 of 9
Dreamfolks Services Limited
August 13, 2026
growth engines for global aviation, while Southeast Asia's tourism market is expected to grow
from approximately USD35.5 billion in 2025 to $67.4 billion by 2031.
These trends reinforce our conviction that the long-term opportunity extends well beyond
traditional airport lounge access. Against this background, we continue to broaden our service
portfolio across the travel and lifestyle. During the quarter, we went live with several major
banking programs covering global lounges, global meet and assist, airport transfer and premium
members only clubs.
These programs demonstrate how our platform is increasingly being used to create bundled and
differentiated propositions rather than simply providing individual services. Our core network
also continues to widen steadily. As of the end of the quarter, we had 1,100+ global airport
lounges with more than 70 new outlets added during the quarter. Railway lounges remain an
important growth opportunity for us with 100% coverage across the country.
The acquisition of Ten 11 Hospitality has strengthened our operational control over the segment
and enabled us to participate more directly in the growing premium railway travel ecosystem.
With the continued modernization of India's railway infrastructure, we see significant potential
for railway lounges to become an increasingly important component of the broader travel and
lifestyle benefits ecosystem.
Golf is another category where we continue to see significant headroom. We now provide access
to more than 80 golf outlets in India and over 860 golf courses internationally, strengthening our
ability to offer premium lifestyle benefits across geographies.
Another area we are closely monitoring is our DF Club Membership program. The initial
response has been encouraging, with number of memberships sold is showing steady quarter-
on-quarter growth. While the initiative is still at an early stage, and we remain measured in our
approach, the traction so far gives us confidence in its potential to evolve into meaningful direct-
to-consumer and lifestyle engagement channel over time.
Importantly, the contribution from business outside our traditional lounge offering has continued
to increase. Our non-airport lounge services contributed approximately 33% of the top line
during the quarter. This is a significant milestone for us because it demonstrates that the
diversification strategy is no longer simply a strategic i
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