The shares of India’s one of the largest airport service aggregator platforms fell 5% after it informed the exchanges that several lounge access programs with Axis Bank and ICICI Bank had been terminated effective July 1, 2025.
With a market capitalization of Rs 1,209 Crores, the share price of DreamFolks Services Ltd was trading almost 5% down to hit an intraday low of Rs 225.00 per share from its previous closing price of Rs 236.30 per share.
Dreamfolks Services Ltd, in its exchange filing, announced that certain programs it operates for Axis Bank and ICICI Bank have been closed with effect from July 1, 2025. While the company confirmed that its contracts with these clients remain valid, it indicated that the closure of these programs could have a material impact on its financials. The company is currently evaluating the extent of the impact.
Dreamfolks emphasized that the activation or deactivation of programs is part of its routine business operations. It also stated that necessary measures will be taken to mitigate any negative effects arising from this development.
Reaffirming its commitment to corporate governance, the company assured timely disclosures of any further material updates as per regulatory requirements.
DreamFolks Services Ltd is India’s leading airport lounge and travel services aggregator, holding over 90% market share in the domestic lounge access space. Founded in 2013, the company offers a wide range of premium travel and lifestyle services through its tech-driven platform, including lounge access, airport transfers, meet & assist, F&B, and more.
It partners with major banks, airlines, OTAs, and enterprises, connecting them with over 400 airports and 300+ global lounges. With a growing footprint in India, Southeast Asia, and the Middle East, DreamFolks continues to expand its offerings, now including highway dining, social clubs, baggage services, and more, backed by strong client relationships and scalable technology.
The company reported a revenue of Rs 1,292 crore in FY25, up by 13.8 percent from its FY24 revenue of Rs 1,135 crore. Coming to its profitability, the company reported a net profit decline of 5.8 percent to Rs 65 crore in FY25 from Rs 69 crore in FY24. The stock delivered an ROE and ROCE of 24.2 percent and 33.8 percent, respectively
Written By Rohan Pandey
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