DAM Capital Q4 FY26 PAT at ₹0.25 Cr (Down 97.1% YoY), Recommends 50% Dividend
DAM Capital reported Q4 FY26 PAT of ₹0.25 crore (down 97.1% YoY) on total income of ₹29.3 crore (down 20.1% YoY). For FY26, PAT was ₹73 crore (down 30% YoY) on income of ₹237 crore (down 5.2% YoY). The company recommended a 50% dividend (₹1 per share). In FY26, it executed 18 ECM transactions raising over ₹19,000 crore and secured 25 IPO mandates.
While the profit decline is significant, the recommended dividend and a strong pipeline of future mandates suggest resilience and potential for recovery, mitigating a high impact. The company's focus on diversifying revenue streams also indicates strategic planning.
The company reported a significant year-on-year decline in both quarterly and annual profit after tax, primarily due to a substantial drop in Merchant Banking revenue and challenging market conditions impacting fundraising activities.
DAM Capital Advisors Limited announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a total income of ₹29.3 crore for the quarter, a decrease of 20.1% year-on-year, and ₹237 crore for the full year, down 5.2% year-on-year. Revenue from Merchant Banking stood at ₹7.4 crore for the quarter (down 52.4% YoY) and ₹151 crore for the year (down 2.6% YoY). Broking revenue was ₹17.7 crore for the quarter (up 1.3% YoY) and ₹71 crore for the year (down 12.8% YoY).
Profit After Tax (PAT) for the quarter was ₹0.25 crore, a significant decline of 97.1% year-on-year. For the full year, PAT stood at ₹73 crore, down 30.0% year-on-year. The company's Return on Equity was 24.4% and net cash available as of March 31, 2026, was ₹311 crore, an increase from ₹242 crore in the previous year.
The Board has recommended a dividend of 50% (₹1 per equity share of face value ₹2 each), subject to shareholder approval. In terms of operational highlights for FY26, DAM Capital executed 18 ECM transactions and 1 M&A advisory, raising over ₹19,000 crore, and achieved a 10% market share in IPOs by number. The company currently has 25 IPOs in the pipeline, with 4 new mandates added in Q4 FY26. The Institutional Equities business had 298 active institutional clients as of March 31, 2026, with research coverage spanning 187 stocks across 21 sectors.
Dharmesh Mehta, Managing Director & CEO, commented on the challenging capital markets environment in FY26 due to global concerns and geopolitical tensions, which led to muted fundraising activity. He highlighted the company's efforts to scale up the business and increase market share through strong client relationships and research depth. He also mentioned winning several large mandates and maintaining a robust pipeline for future growth. The company is exploring avenues to diversify revenue streams and expand into additional fee-based businesses to complement its existing platforms and create sustainable long-term growth.
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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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