DAM Capital Advisors Limited has announced its audited financial results for the quarter ended 30 June 2026, reporting total income of Rs 30 crore for Q1 FY27, compared with Rs 30.9 crore in the corresponding quarter of the previous year.
Revenue from merchant banking increased 3.7 per cent year-on-year to Rs 9.5 crore in Q1 FY27, compared with Rs 9.1 crore in Q1 FY26. Revenue from broking and institutional equities stood at Rs 16.3 crore, compared with Rs 18 crore in the year-ago quarter.
Profit After Tax stood at Rs 0.15 crore during the quarter, compared with Rs 0.23 crore in Q1 FY26. PAT margin stood at 0.5 per cent, compared with 0.8 per cent in the corresponding period last year.
Net cash available as of 30 June 2026 stood at Rs 312 crore, compared with Rs 234 crore as of 30 June 2025.
During Q1 FY27, DAM Capital acted as advisor on the Rs 1,221 crore Offer for Sale of NLC India and the Rs 252 crore buyback of Welspun Living.
The company has executed 98 ECM transactions between November 2019 and June 2026, raising more than Rs 1,62,700 crore across IPOs, QIPs, buybacks, preferential issues, OFS transactions, rights issues and open offers.
DAM Capital currently has 26 IPOs in its pipeline, with four new IPO mandates added during Q1 FY27. The company is the Left Lead Banker for 10 IPOs, including three Sole Banker IPOs, and also holds mandates across multiple capital market and advisory transactions.
In institutional equities, the company had 304 active institutional clients as of 30 June 2026, while its research team covered 202 stocks across 23 sectors.
Dharmesh Mehta, Managing Director & CEO, DAM Capital Advisors, said Q1 FY27 was shaped by a challenging external environment, including geopolitical tensions, higher crude oil prices, weak rupee levels and FPI outflows. He added that several fundraising transactions across the industry were deferred as issuers adopted a wait-and-watch approach.
Mehta said IPO market activity gradually returned towards the end of Q1, alongside renewed investor interest in some of the company’s deals. He expects the recovery to continue through Q2 and Q3 as macroeconomic uncertainties ease and market sentiment normalises.
DAM Capital said its healthy pipeline and improving market activity position the company to capture opportunities as investor sentiment strengthens.
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