NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
DreamFolks Services Ltd. posted a revenue growth of 12.2% YoY/down 1.2% QoQ to Rs 3.2 billion below our estimate of Rs 3.5 billion. Gross profit grew 7.1% YoY/4.2% QoQ to Rs 392 million, with a gross margin of 12.4% (flat YoY/up 70bp QoQ).
Ebit margin came in at 7.0%, down 130 bp YoY/up 10 bp QoQ. Consolidated profit after tax was Rs 160 million (down 9.3% / 6.5% YoY/QoQ) below our estimate of Rs 238 million, with a profit after tax margin of 5.1%. The company's revenue/Ebitda/profit after tax grew 10%/ 13%/14% in H1 FY25 versus H1 FY24.
We expect its revenue/Ebitda/PAT to grow 14%/0.5%/4.0% YoY in H2 FY25. We reiterate our Buy rating on Dreamfolks with a target price of Rs 520, implying a 12% potential upside.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
