DAM Capital shares soar 12% after firm reports 144% surge in Q3 net profit

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26 Aug, 2025 12:21

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The recently-listed shares of DAM Capital Advisors Limited jumped over 12 percent on January 27 to hit an intraday high of Rs 314.75 apiece. This comes after the company reported a 144 percent surge in net profit at Rs 51.5 crore for the quarter ended December 31, 2024. The stock has dodged the overall market trend which has seen a significant decline on January 27.

The shares however later pared some gains and were trading at Rs 294 (nearly 5 percent higher) at 12 pm. Notably, the company had announced its Q3 results in the post-market hours of January 24 when the shares closed 2.37 percent lower at Rs 278. At current level, the stock is over 6 percent higher than its 52-week-low record of Rs 276.2. It however is still around 36 percent lower than its 52-week-high record of Rs 456.90.

Also read: Our LIVE Blog on Q3 results

The homegrown investment bank's total income saw a massive rise in Q3, jumping 132 percent on-year to Rs 104 crore in Q3 FY25. It said it executed 17 transactions with a total fundraise of Rs 20,000 crore in the nine months ended December 31, 2024. These include the five IPOs of Afcons Infrastructure, Ixigo, Bansal Wire Industries, MobiKwik and Sanathan Textiles, which cumulatively raised over Rs 11,000 crore between October and December. DAM Capital also handled four QIPs, including the Rs 3,000 crore QIP of SpiceJet.

DAM Capital further added that it has 18 IPOs in the pipeline. "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)," it said.

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.