Dam Capital Advisors Limited has informed the Exchange about Investor Presentation
DAMCAPITAL · price
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Awaiting price reaction for this filing.
DAM Capital reported a sharp decline in Q1FY26 results, with Total Income falling 33% YoY to INR 31 Cr and Profit After Tax crashing 99% YoY to just INR 0.23 Cr (from INR 22 Cr in Q1FY25). Merchant Banking revenue was the worst hit at INR 9 Cr (-58% YoY) due to limited market activity from domestic and geopolitical uncertainties, though three deals were executed during the quarter. Stock Broking revenue held relatively steady at INR 18 Cr (-11% YoY), providing some stability. Employee costs rose 27% YoY to INR 17.4 Cr as headcount grew to 129. Despite the weak quarter, the company highlighted a strong INR 234 Cr net cash position, 27 IPOs in its pipeline (10.6% market share in filed IPOs), and a track record of 80 ECM transactions raising INR 1,43,000+ Cr since 2019. Management noted that performance must be evaluated over a longer horizon given the inherent volatility of capital markets.
Weak quarterly numbers may pressure the stock in the short term, as the 99% PAT collapse is stark. However, the strong IPO pipeline, healthy net cash of INR 234 Cr, and resilient broking franchise suggest the business is structurally sound and the decline is cyclical rather than fundamental.