DAM Capital Q2 FY26 Results: INR 107 Cr Revenue, INR 52 Cr PAT Recorded

DAM Capital Advisors Limited reported its highest-ever quarterly results in Q2 FY26 supported by strong primary market recovery and improved deal execution across equity capital markets. The company closed 12 transactions in the quarter which included nine IPOs, two Qualified Institutional Placements and one preferential issue.

DAM Capital raised INR 13,695 crore during Q2 FY26 and achieved an 18 percent share of the IPO market by number of issues. The company added three new IPO mandates, taking the active pipeline to 21 IPOs, out of which 13 are positioned as Left Lead Banker. From Nov 2019 to September 2025, the company has executed a total of 92 transactions including 39 IPOs, 21 QIPs, 8 preferential issues and 7 OFS mandates.

The company also reported progress in strategy expansion with a new Ahmedabad office added this quarter, increasing its physical presence to Mumbai, Delhi and Ahmedabad. DAM Capital also strengthened leadership by appointing Ajay Malik as Head of Mergers & Acquisitions and Private Financing.

Institutional Equities & Research Business

Active institutional broking clients rose to 296 as of September 30, 2025 compared to 277 clients at end of FY25. Research coverage expanded to 210 listed stocks across 24 sectors, supported by a 33-member analyst team with an average experience of over 14 years. The firm also conducted multiple corporate access events, thematic engagements and investor meets during the quarter.

Financial Performance

DAM Capital reported total income of INR 107 crore in Q2 FY26, up from INR 63 crore in Q2 FY25. Profit After Tax increased sharply to INR 52 crore versus INR 22 crore last year same quarter. Merchant banking revenue recorded significant growth aligned with higher transaction execution while broking revenue remained softer due to ~20% decline in overall market cash volumes and lower block deal flows in the same period.