DAM Capital Advisors Reports 97% Drop in Q1 Profit Amid Market Challenges
DAM Capital Advisors Limited experienced a significant decline in Q1 financial performance, with profit after tax falling 97.30% quarter-on-quarter to INR 0.23 crore. Total income decreased by 15.70% to INR 31.00 crore. Despite financial challenges, the company maintained operational momentum, executing several deals and expanding its IPO pipeline to 27 mandates. Management attributes the performance to cautious market conditions but remains optimistic about future quarters, citing a strong deal pipeline and ongoing investments in talent and capabilities.
24Mar 25
DAM Capital Advisors Receives SEBI Warning, Assures Compliance
SEBI has issued an administrative warning to DAM Capital Advisors regarding certain aspects of its broking operations. The company has responded by taking steps to address the issues and implementing compliance measures. This incident highlights the importance of regulatory compliance in the financial services industry.
21Mar 25
DAM Capital Advisors Receives SEBI Warning Over Client Fund Handling
DAM Capital Advisors received an administrative warning from SEBI following a thematic inspection conducted in January 2025. The inspection, covering February to August 2024, revealed issues including delayed upstreaming of client funds, improper transfer of brokerage amounts, and reporting deficiencies. The company has acknowledged the warning and implemented necessary compliance measures, stating that it won't impact their financial operations.