Mumbai, Sept. 17 -- "Impact of the same is material. The other domestic services and global lounge business will continue as usual," the company said in a statement.

The firm reiterated that contracts with its clients remain active and the discussions with the clients on alternate customer value propositions are in progress.

Dreamfolks Services is India's largest airport service aggregator platform. It provides services such as lounges, food and beverages, spa, meet and assist, airport transfer, transit hotels/nap room access and baggage transfer. Clients include major card networks, banks, online travel agents, airlines and enterprises.

The company's consolidated net profit rose 23.79% to Rs 21.28 crore on a 8.77% rise in revenue to R...