Dam Capital Advisors Limited has informed the Exchange regarding a press release dated July 23, 2025, titled "Financial Results for the quarter ended June 30, 2025.".
DAMCAPITAL · price
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DAM Capital Advisors, a Mumbai-based investment bank, reported weak Q1FY26 results with total income falling 33.3% year-on-year to INR 31 Cr and profit after tax crashing 99% to just INR 0.23 Cr. Merchant banking revenue dropped sharply by 57.9% YoY to INR 9 Cr, while broking revenue slipped 11.1% YoY to INR 18 Cr. Despite the soft quarter, the company strengthened its deal pipeline by adding 3 new IPO mandates, taking the total to 27, with 17 DRHPs already filed and a 10.6% market share of filed IPOs. The firm also expanded its institutional equities franchise to 290 active clients and 206 stocks under coverage, and holds a healthy net cash position of INR 234 Cr. Management cited subdued market activity due to geopolitical and macroeconomic uncertainties but expects a revival in primary market activity in upcoming quarters.
The steep year-on-year decline in both revenue and profits reflects a tough quarter for the investment banking business and may weigh on short-term sentiment, though the strong IPO mandate pipeline and stable broking client base provide comfort for medium-term growth.