Stock Report

DAM Capital Reports Q1 FY27 Revenue of ₹30 Crore; Robust Pipeline of 26 IPOs Signals Revival Ahead

Posted On : 2026-08-11 22:29:34( TIMEZONE : IST )

DAM Capital Advisors Limited (BSE: 544316, NSE: DAMCAPITAL) has announced its audited financial results for the first quarter ended June 30, 2026. The investment bank navigated a challenging macro environment to post a Total Income of ₹30.0 crore, supported by strong performance in its merchant banking segment and an expanding pipeline of initial public offerings (IPOs).

Financial Performance Summary

During Q1 FY27, DAM Capital generated Total Income of ₹30.0 crore, compared to ₹30.9 crore in the corresponding period of the previous fiscal year (Q1 FY26) and ₹29.3 crore in the preceding quarter (Q4 FY26).

Merchant Banking Revenue: Rose 3.7% year-on-year to ₹9.5 crore in Q1 FY27, up from ₹9.1 crore in Q1 FY26 and ₹7.4 crore in Q4 FY26.

Institutional Equities / Broking Revenue: Stood at ₹16.3 crore in Q1 FY27 compared to ₹18.0 crore in Q1 FY26 and ₹17.7 crore in Q4 FY26.

Profit After Tax (PAT): Reported at ₹0.15 crore for the quarter with a PAT margin of 0.5%, compared with ₹0.23 crore (0.8% PAT margin) in Q1 FY26 and ₹0.25 crore in Q4 FY26.

Liquidity Position: Net available cash as of June 30, 2026, increased significantly to ₹312 crore, up from ₹234 crore as of June 30, 2025.

Operational Highlights and Deal Execution

Despite broader market volatility, DAM Capital continued to execute key capital market transactions during the quarter:

Key Transactions: Acted as Advisor for the ₹1,221 crore Offer for Sale (OFS) of NLC India and the ₹252 crore buyback of Welspun Living during Q1 FY27.

Track Record: Between November 2019 and June 2026, DAM Capital completed 98 Equity Capital Market (ECM) transactions, raising over ₹1,62,700 crore. This includes 41 IPOs (including 1 REIT), 22 QIPs, 10 Buybacks, 8 Preferential Issues, 8 OFS, 5 Rights Issues, and 4 Open Offers.

Mandate Pipeline: The firm holds 26 IPO mandates in its pipeline, having added 4 new IPO mandates during Q1 FY27. DAM Capital serves as the Left Lead Banker on 10 of these upcoming IPOs, including 3 as Sole Banker.

Institutional Equities Franchise: Total active institutional clients reached 304 as of June 30, 2026. The research division covered 202 stocks across 23 sectors.

Dharmesh Mehta, Managing Director & CEO of DAM Capital Advisors Limited, stated: "Q1 FY27 continued to be shaped by a challenging external environment. The ongoing wars in West Asia and Russia-Ukraine coupled with a sharp spike in crude oil prices and record weak levels for the rupee, created a cautious investor mood through most part of the quarter. FPI outflows added to this pressure. In response to subdued market conditions and valuation considerations, across the industry several fund raising transactions were deferred as issuers adopted a wait and watch approach.

We saw a gradual return in IPO market activity towards the end of Q1, alongside renewed investor interest in some of our deals. We expect this recovery to continue through Q2 and Q3 as some of the macro uncertainties begin to ease and market sentiment normalises. Capital markets are inherently cyclical by nature. We continue to believe that our business is best assessed across cycles rather than quarter on quarter. Our conviction in India's structural growth story remains intact. With a healthy pipeline and improving market activity, we are well positioned to capture opportunities as sentiment strengthens."

Shares of DAM Capital Advisors Limited was last trading in BSE at Rs. 151.95 as compared to the previous close of Rs. 151.30. The total number of shares traded during the day was 14911 in over 271 trades.

The stock hit an intraday high of Rs. 154.00 and intraday low of 151.30. The net turnover during the day was Rs. 2274550.00.