DreamFolks' Q2FY24 Financial Performance Review
In this financial performance review, we delve into the results of DreamFolks for Q2FY24 and analyze key metrics, including revenue, expenses, net profit, and margin.
| Particulars | Q2FY23 | (Y-o-Y) % change | Q1FY24 | (Q-o-Q) % change | Q2FY24 |
| Total Income (₹crs.) | 172.3 | 64.25 | 267.3 | 5.87 | 283 |
| Expenses (₹crs.) | 152.6 | 69.92 | 249.7 | 3.84 | 259.3 |
| Net Profit (₹crs.) | 14.81 | 19.24 | 12.96 | 36.27 | 17.66 |
| Margin (%) | 8.60 | -2.36 | 4.85 | 1.39 | 6.24 |
REVENUE:
The company reported a total income of ₹283 crores for Q2FY24, with a steady 5.87% increase compared to the preceding quarter and a robust increase of 64.25% year-on-year.
EXPENSES:
They also recorded expenses amounting to ₹259.3 crores in Q2FY24, showing a significant 69.92% increase compared toQ2FY23. Furthermore, expenses demonstrated a minor increase of 3.84% when compared to the previous quarter.
NET PROFIT:
The net profit of the Company for Q2FY24 was ₹17.66 crores, indicating a significant 36.27% change compared to the preceding quarter and a solid growth of 19.24 compared to Q2 of the previous year.
MARGINS:
DreamFolks' margin in Q2FY24 was 6.24%. This figure exhibited a 1.39% increase compared to the previous quarter when the margin was 4.85%. Year-on-year, the margin saw a decrease of -2.36% compared to the corresponding quarter of the previous fiscal year.
In conclusion, DreamFolks' financial performance in Q2FY24 showcases a notable surge in revenue and net profit, as well as an improved margin. These positive trends may be attributed to return of passengers, and further analysis will be essential to assess the sustainability of these encouraging results.
Stay tuned for more detailed updates on DreamFolks' financial performance in the coming quarters.