Shares of DAM Capital Ltd. fell as much as 9% on Thursday, July 24, in response to its June quarter results that were reported after market hours on Wednesday. The stock since, has recovered from opening lows.Revenue for the quarter declined by 15.7% on a year-on-year basis to ₹30.85 crore. This is the second straight quarter of DAM Capital posting a revenue drop.
Margins for the quarter saw a sharp reversal from the year-ago quarter. From 36.03% in June last year, DAM Capital’s margins for the recently concluded quarter fell to 19.55%. The margins are at a multi-quarter low.
Net profit for the period also fell to just ₹23 lakh from ₹8.5 crore last year.
Revenue for the stock broking business increased by 3.4% from last year to ₹18.04 crore, while investment banking revenue fell 41.5% from last year to ₹9.1 crore.Financial year 2026 has begun on a very cautious note for the company, the management said in its post-earnings statement. It attributed the current quarter performance to geopolitical tensions and uncertainties, which impacted transaction timelines.
Margins for the quarter saw a sharp reversal from the year-ago quarter. From 36.03% in June last year, DAM Capital’s margins for the recently concluded quarter fell to 19.55%. The margins are at a multi-quarter low.
Net profit for the period also fell to just ₹23 lakh from ₹8.5 crore last year.
Revenue for the stock broking business increased by 3.4% from last year to ₹18.04 crore, while investment banking revenue fell 41.5% from last year to ₹9.1 crore.Financial year 2026 has begun on a very cautious note for the company, the management said in its post-earnings statement. It attributed the current quarter performance to geopolitical tensions and uncertainties, which impacted transaction timelines.
Institutional equities volumes also continue to remain impacted due to market conditions, according to the management. “We believe that market sentiments has since improved, with the revival being visible in the primary markets,” the company said.
DAM Capital said that there is a strong pipeline of 27 IPO mandates and multiple QIP mandates going forward, which will result in a higher volume of execution in the coming quarters, subject to market conditions.
Shares of DAM Capital are down 5.5% on Thursday at ₹236.6. The stock is trading 16% below its IPO price of ₹283. The stock has nearly halved from its post-listing high of ₹452.
