The share price of Monopoly stock rose by 2 percent Rs 573.5 from its previous close of Rs.561.80 per share after announcing the company was expanding its presence in the Southeast Asian market (Malaysia).
According to the filling of DreamFolks, India’s leading airport and travel services aggregator, has announced its entry into Malaysia. The company will make its cutting-edge technology available as a service to airport partners at three locations: Kuala Lumpur International Airport, Kota Kinabalu International Airport, and Kuching International Airport.
Additionally, passengers can now gain access to lounges at various locations by simply tapping or swiping their bank cards on DreamFolks EDC devices located at these lounges. Travelers can also avoid long lines by using the DreamFolks web access portal. This technology solution is expected to increase foot traffic to the lounges by improving efficiency and customer experience.
According to the DreamFolks report, the company’s net revenue increased 19 percent Year on Year from Rs 42,762.61 crores in Q2FY23 to Rs 51,024.04 crores in Q2FY24. In addition, net profit rose 36 percent year on year, from Rs 2,819.2 crores in Q2FY23 to Rs 3,855.5 crores in Q2FY24.
DreamFolks is a small-cap monopoly company with a market capitalization of Rs 2,979 crores. It also has a return on equity (ROE) of 62 percent and a return on capital employed (ROCE) of 81 percent.
The majority stake in DreamFolks is held by promoters at 66 percent, followed by foreign institutional investors at 5.65 percent, domestic institutional investors at 6.12 percent, and the remaining portion belonging to the public.
The share price of DreamFolks Company has climbed by 52.10 percent year-to-date and by 9.90 percent over the past six months.
DreamFolks Services Ltd India’s largest airport service aggregator platform, was founded in 2013 and uses a technology-driven platform to give passengers a better airport experience.
Written by Sriram KV
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