DAM Capital Advisors Limited on January 24 reported 144% surge in net profit at Rs 51.5 crore for the quarter ended December 31, 2024. Its net profit in the year-ago period was Rs 21 crore.
The homegrown investment bank's total income rose 132% to Rs 104 crore in Q3FY25.
DAM Capital said it has executed 17 transactions, including 13 equity capital markets transactions and 4 advisory transactions for the nine months ended December 31, 2024.
"We currently have 18 IPOs in the pipeline and are mandated for several other equity capital market and advisory transactions," said DAM Capital in a stock exchange filing.
"Revenue from the Merchant Banking segment stood at Rs 80.4 crore for the quarter (up 168% YoY) and revenue from the Broking segment stood at Rs 20.4 crore for the quarter (up 52% y-o-y)," said DAM Capital.
On January 24, the recently-listed shares of DAM Capital closed 2.37% lower at Rs 278 apiece. The results were announced after the market hours.
DAM Capital Advisors provides a wide range of financial solutions in areas of investment banking comprising equity capital markets (ECM), mergers and acquisitions (M&A), private equity (PE), structured finance advisory, and institutional equities comprising broking and research.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
