Capital Markets company DAM Capital Advisors announced Q2FY26 results Total Income: Rs 107 crore compared to Rs 63 crore during Q2FY25, change 69.1%. PAT: Rs 52 crore compared to Rs 22 crore during Q2FY25, change 140.7%. PAT Margin: 48.7% for Q2FY26. Dharmesh Mehta, Managing Director & CEO, said: “Q2FY26 was a landmark quarter for DAM Capital— our highest-ever performance—as capital market activity rebounded. The revival in India’s primary markets has created favourable conditions for issuances. The successful closure of marquee transactions underscores the deep trust our clients place in our expertise and execution capabilities. We continue to be selective—prioritising mandates with strong fundamentals and a credible management track record. This disciplined approach helped us build a pipeline of 21 IPOs, multiple QIPs and advisory mandates, positioning us to capitalise on the opportunities ahead. Our Institutional Equities business has reported lower revenues in H1FY26. This performance was primarily driven by two factors — a ~20% decline in the market’s overall cash trading volumes (H1FY26 vs H1FY25) and a reduction in block deals in the current half. As our platform continues to mature, we have strengthened our leadership at the firm level by appointing Ajay Malik as Head of Mergers & Acquisitions and Private Financing. We have established an office in Ahmedabad to cover the Gujarat region, further strengthening our pan-India presence—with offices now in Mumbai, Delhi and Ahmedabad. Given the firm’s long-term focus, our business should not be judged quarter to quarter, given inherent market volatility. Our H1FY26 performance validates our client-first approach, deep sector expertise and impeccable execution capabilities. As we enter H2FY26, our focus remains on strengthening our platform across products and delivering on existing mandates.” Result PDF
Capital Markets company DAM Capital Advisors announced Q1FY26 results Total Income: Rs 31 crore compared to Rs 46 crore during Q1FY25, change -33.3%. Profit After Tax: Rs 0.23 crore compared to Rs 22 crore during Q1FY25, change -99%. PAT Margin: 0.8% for Q2FY26. Dharmesh Mehta, Managing Director & CEO, said: “Q1FY26 began on a very cautious note, with subdued market activity owing to domestic and global geopolitical tensions and macroeconomic uncertainties, which impacted the timelines of our transactions. During this period, we executed 1 Offer for Sale (OFS) as a lead banker, 1 stake sale as an advisor and 1 Buyback as the sole advisor. However, market sentiment has since improved, with a revival visible in the primary markets in the upcoming quarters. As always, we remain selective, focusing on mandates with strong fundamentals and high-fee potential. Our robust business model — combining deep sectoral expertise, disciplined execution, and long-standing client relationships —ensures we continue to deliver impact-driven outcomes across cycles. We remain committed to strengthening our governance, research capabilities, and execution platforms to support our next phase of growth. With a strong pipeline of 27 IPO mandates and multiple QIP mandates we are likely to see a higher volume of executions in the coming quarters subject to market conditions. Our institutional equities volumes also got impacted due to market conditions. However, we continue to add active clients and increase our research coverage, reflecting growing trust and market traction. As stated earlier, our business is not to be judged on a quarter-to-quarter basis given the inherent volatility of capital markets. Instead, it must be evaluated over a longer horizon, where we believe our strategy and positioning will yield consistent value creation. With a robust pipeline and unwavering confidence in India’s structural long-term growth story — including a rising capex cycle and deepening capital markets — we remain optimistic about the years ahead.” Result PDF
Capital Markets company DAM Capital Advisors announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Total Income for Q4FY25 was Rs 37 crore, a decrease of 56.8% compared to Rs 85 crore in Q4FY24. Profit After Tax (PAT) for Q4FY25 was Rs 9 crore, a decrease of 74.2% compared to Rs 33 crore in Q4FY24. PAT Margin for Q4FY25 was 23.2%, compared to 39.0% in Q4FY24. FY25 Financial Highlights: Total Income for FY25 was Rs 250 crore, an increase of 37.5% compared to Rs 182 crore in FY24. Profit After Tax (PAT) for FY25 was Rs 104 crore, an increase of 47.1% compared to Rs 71 crore in FY24. PAT Margin for FY25 was 41.5%, compared to 38.8% in FY24. Return on equity (ROE) for FY25 stands at 48.7% Net Cash as on 31st March 2025 – INR 242 Cr Dharmesh Mehta, Managing Director and CEO, said “FY25 was a strong year of execution for us with our overall Income and PAT growing by 37.5% and 47.1% respectively. It was a landmark year as we accomplished a key milestone of our successful listing. Q4FY25 saw market volatility given global economic uncertainty around tariffs, and several capital market transactions shifted from Q4FY25 to FY26. While Q4 was impacted, our deal pipeline continues to get stronger — we are already mandated for 24 IPOs in FY26 and continue to win more mandates. We are also steadily scaling up our Institutional Equities business, now covering 197 stocks across 23 sectors. We have increased our Active Clientele to 277 expanding across Geographies. As we look ahead, our focus remains on mandates with high-fee potential and continue to prowess our strong execution track-record. With India's capital markets growing rapidly, we believe we are well-positioned to scale and expand our market share” Result PDF