Dam Capital Advisors Ltd Share Price – NSE  / BSE

Finance, Small Cap

Profit before tax was at Rs 26.97 crore in Q3 FY26, down 61.1% as against the Rs 69.30 crore posted in Q3 FY25. Total expenses jumped 23.8% YoY to Rs 42.97 crore during the quarter. Finance costs stood at Rs 2.23 crore (up 502.7% YoY), and employee benefits expenses came in at Rs 29.75 crore (up 7.71% YoY).

On the segmental front, revenue from stockbroking stood at Rs 17.62 crore (down 13.54% YoY), and investment banking stood at Rs 48.46 crore (down 39.69% YoY) during the period under review. Net cash available as of December 31, 2025, stood at Rs 309 crore vs Rs 241 crore as of December 31, 2024.

Dharmesh Mehta, managing director & CEO of DAM Capital Advisors, said, In Q3 FY26, the fundraising environment was very selective and challenging owing to the nervousness in the small- and mid-cap segments and macroeconomic uncertainties, both domestic and global. Despite the headwinds, during the quarter, we executed 5 transactions across products, including 2 IPOs, a QIP, a rights issue, and an M&A advisory mandate, and raised approximately Rs 4,376 crore, taking our cumulative ECM execution to 96 transactions since November 2019. This track record reinforces the strength of our franchise and our ability to deliver consistently across market cycles.

We remain disciplined and selective in bringing strong, well-governed companies to the capital markets. This approach has helped us build and sustain a healthy pipeline of 22 IPO mandates, including 13 as left lead banker and 7 sole banker IPOs, along with multiple QIP mandates at various stages, providing strong visibility while keeping our focus firmly on quality of execution rather than chasing volumes.

Institutional Equities revenue this quarter (Q3FY26) was stable compared to last quarter (Q2FY26). Weaker market conditions, however, can impact volumes going forward. Volatile market conditions have resulted in delays for a few of our mandates. We are hoping for better market conditions to execute our existing IPO pipeline. Given the inherent volatility and cyclical nature of capital markets, our business is best evaluated over a disciplined three-to-five-year investment horizon.?

DAM Capital Advisors is an investment bank providing financial advisory services and capital market solutions.

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Net profit of Dam Capital Advisors declined 61.06% to Rs 20.06 crore in the quarter ended December 2025 as against Rs 51.51 crore during the previous quarter ended December 2024. Sales declined 32.74% to Rs 69.94 crore in the quarter ended December 2025 as against Rs 103.98 crore during the previous quarter ended December 2024.

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Dam Capital Advisors will hold a meeting of the Board of Directors of the Company on 3 February 2026.

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Profit before tax was at Rs 70 crore in Q2 FY26, up 118.55% as against the Rs 32.03 crore posted in Q2 FY25.

Total expenses jumped 18.41% YoY to Rs 37.05 crore during the quarter. Finance costs stood at Rs 2.25 crore (up 542.86% YoY), and employee benefits expenses came in at Rs 25.41 crore (up 2.13% YoY).

On the segmental front, revenue from stockbroking stood at Rs 17.34 crore (down 24.48% YoY), and investment banking stood at Rs 86.14 crore (up 129.28% YoY) during the period under review.

Dharmesh Mehta, managing director & CEO of DAM Capital Advisors, said, Q2 FY26 marked a landmark quarter with the firm?s highest-ever performance amid a rebound in capital market activity. The revival in India?s primary markets and successful marquee transactions reflected strong client trust. He highlighted a disciplined approach in selecting mandates, resulting in a robust pipeline of 21 IPOs, multiple QIPs, and advisory mandates. While institutional equities revenue declined due to lower market volumes and block deals, the firm expanded its leadership team and opened a new Ahmedabad office to strengthen its national presence.

DAM Capital Advisors is an investment bank providing financial advisory services and capital market solutions.

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