DAM Capital reports record Q2 FY26 with highest-ever revenue and profit, driven by strong capital market execution
DAM Capital recorded its highest-ever Q2 FY26 revenue of ₹107 crore and PAT of ₹52 crore. This record performance was driven by 12 successful transactions and a strong 21-IPO pipeline.
The record financial performance, significant market share in IPOs, and robust pipeline of future mandates demonstrate strong operational momentum and positive future outlook for the company.
The company reported its highest-ever revenue and profit for Q2 FY26, with substantial growth in key financial metrics and successful execution of numerous high-value transactions, alongside a strong future pipeline.
* DAM Capital Advisors Limited announced its best-ever quarterly performance in Q2 FY26 and half-year ended September 30, 2025, attributing it to a revival in India’s capital markets and strong execution across products. * During Q2 FY26, the firm successfully completed 12 transactions, including 9 Initial Public Offerings (IPOs), 2 Qualified Institutional Placements (QIPs), and 1 Preferential Issue. * The company raised ₹13,695 crore during the quarter, achieving an 18% share of the IPO market (9 out of 50 IPOs executed in Q2 FY26) and leading 4 IPOs as the Left Lead Banker. * DAM Capital has built a pipeline of 21 IPOs, with 3 new IPO mandates added during Q2 FY26, including 13 IPOs as Left Lead Banker (7 Sole Banker IPOs). * Financial Highlights (Q2FY26 vs Q2FY25): * Total Income: ₹107 crore, a 69.1% increase from ₹63 crore. * Merchant Banking Revenue: ₹86 crore, a 129.3% increase from ₹38 crore. * Profit After Tax (PAT): ₹52 crore, a 140.7% increase from ₹22 crore. * PAT Margin: 48.7% (up from 34.2%). * Dharmesh Mehta, Managing Director & CEO, stated that Q2 FY26 was a landmark quarter, marking the firm's highest-ever performance due to the rebound in capital market activity. He highlighted a disciplined approach in prioritizing mandates and building a robust pipeline. He also noted that the Institutional Equities business reported lower revenues in H1FY26 due to a ~20% decline in market cash trading volumes and reduced block deals. * Operational Highlights: * Total active institutional clients reached 296 as of September 30, 2025, an increase from 277 at the end of FY25. * Research coverage expanded to 210 stocks across 24 sectors. * Strategic Developments: * Ajay Malik was appointed as Head of Mergers & Acquisitions and Private Financing. * A new office was established in Ahmedabad to cover the Gujarat region, further strengthening its pan-India presence alongside Mumbai and Delhi.
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Dam Capital Advisors Limited filed this with the NSE as a statutory disclosure, categorised under press release. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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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.