Dam Capital FY26 Results: Income ₹237 Cr, PAT ₹73 Cr; 25 IPOs in Pipeline
Dam Capital Advisors Limited reported FY26 total income of ₹237 crore, down 5.2% YoY, and PAT of ₹73 crore, down 30.0% YoY. Merchant Banking revenue was ₹151 crore and Stock Broking revenue was ₹71 crore. The company maintains a strong IPO pipeline with 25 IPOs and has executed 18 ECM transactions and 1 M&A advisory in FY26.
The decline in revenue and profit, coupled with increased expenses, indicates a negative short-term financial performance. However, the robust IPO pipeline and strong execution history suggest potential for future growth, moderating the impact to medium.
The financial results show a decline in both total income and profit after tax year-on-year. While the company highlights a strong IPO pipeline and execution track record, the decrease in key financial metrics leads to a neutral sentiment.
Dam Capital Advisors Limited has announced its financial results for the quarter and year ended March 31, 2026. The company reported a total income of ₹237 crore for FY26, a decrease of 5.2% compared to ₹250 crore in FY25. Profit after tax stood at ₹73 crore, down 30.0% from ₹104 crore in the previous fiscal year.
The Merchant Banking revenue for FY26 was ₹151 crore, a slight decrease of 2.6% from FY25. Stock Broking revenue moderated to ₹71 crore, down 12.8% year-on-year, attributed to volatile markets. Other income saw a 10.0% increase to ₹15 crore.
Total expenses increased by 23.2% to ₹139 crore. Employee benefit expenses rose by 5.0% to ₹89 crore due to an increase in employee strength to 130. Depreciation and amortization expenses more than doubled to ₹14 crore, and finance costs saw a significant jump to ₹8.9 crore, largely due to higher rental expenses recognized as part of amortization and finance costs following the move to a new office premise in Q1 FY26, in line with Ind AS 116.
The company highlighted a robust IPO pipeline with 25 IPOs, adding 4 new IPOs in Q4 FY26. It has mandated multiple capital market and advisory transactions. Since November 2019, Dam Capital has executed 96 ECM transactions, raising over ₹1,60,000 crore, and in FY26 alone, executed 18 ECM transactions and 1 M&A advisory, raising over ₹19,000 crore.
As of March 31, 2026, net cash available was ₹311 crore, an increase from ₹242 crore as of March 31, 2025. The company's Return on Equity (RoE) for FY26 was 24.4%.
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Dam Capital Advisors Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Dam Capital Advisors Limited. Read the original for the full detail.