DAM Capital Advisors Limited announced its unaudited financial results for Q3FY26 and nine months ended December 31, 2025, showing a challenging quarter amid selective market conditions. The investment banking firm reported total income of ₹69.9 crore for the quarter, down 32.8% year-over-year, while maintaining a robust pipeline of 22 IPO mandates.

Financial Performance Overview

The company's Q3FY26 financial metrics reflected the impact of volatile market conditions on the capital markets business. Despite headwinds, DAM Capital maintained its execution capabilities across various transaction types.

Business Execution and Market Position

During Q3FY26, DAM Capital executed 5 transactions despite challenging market conditions, including 2 IPOs, 1 QIP, 1 Rights Issue, and 1 M&A advisory transaction. The company raised approximately ₹4,376 crore during the quarter across equity capital markets transactions.

Institutional Equities Platform

The institutional equities division maintained its research-led approach with coverage spanning 209 stocks across 24 sectors. Total active institutional clients stood at 296 as of December 31, 2025. The division continued client engagement through conferences, thematic roadshows, and corporate access initiatives during the quarter.

Leadership Perspective

Managing Director & CEO Dharmesh Mehta commented on the quarter's performance, noting that "the fund-raising environment was very selective and challenging owing to the nervousness in the small and midcap segments and macro-economic uncertainties both domestic and global." He emphasized the company's disciplined approach to bringing quality companies to capital markets and maintaining focus on execution quality rather than chasing volumes.

Financial Position and Outlook

DAM Capital's return on equity (annualized for nine months, not adjusted for excess cash) stood at 32.5%. The company's net cash position strengthened to ₹309 crore as of December 31, 2025, compared to ₹241 crore in the previous year, providing financial flexibility amid market volatility.

DAM Capital Advisors has formally notified stock exchanges about an upcoming board meeting scheduled for February 3, 2026, to deliberate on key corporate matters including quarterly financial results and employee stock option scheme amendments.

Board Meeting Agenda

The company's board of directors will convene to address two primary agenda items during the scheduled meeting:

Regulatory Compliance and Trading Window

In adherence to SEBI regulations, DAM Capital Advisors has implemented specific compliance measures surrounding the board meeting. The company has invoked provisions under Regulation 29 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring proper disclosure protocols.

The trading window restrictions affect designated persons and their immediate relatives, creating a structured approach to prevent insider trading activities during the sensitive period surrounding financial results disclosure.

Trading Window Timeline

Corporate Communication

The formal notification, bearing reference number DAM/SE/037/2025-26 and dated January 23, 2026, was simultaneously submitted to both major Indian stock exchanges. Company Secretary and Compliance Officer Sonal Katariya signed the communication, ensuring proper corporate governance protocols were followed.

The announcement reflects DAM Capital Advisors' commitment to maintaining transparency and regulatory compliance while managing corporate disclosures in accordance with established market regulations and investor protection guidelines.