DAM Capital shares jump 12% after firm reports 144% rise in Q3 net profit

Recently listed shares of DAM Capital Advisors Limited jumped over 12 percent on January 27 to hit an intraday high of Rs 314.75 per share.

This comes after the company reported a 144 per cent rise in net profit to Rs 51.5 crore for the quarter ended December 31, 2024. The stock has dodged the overall market trend, which witnessed a significant decline on January 27.

The shares however later pared some gains and were trading at Rs 294 (up nearly 5 percent) at 12 noon. Notably, the company had announced its Q3 results in the post-market hours on January 24, when the shares had closed 2.37 percent lower at Rs 278.

At current levels, the stock is up 6 percent from its 52-week low of Rs 276.2.

However, it is still down nearly 36 percent from its 52-week high recorded at Rs 456.90. The domestic investment bank’s total income saw a massive jump in the third quarter, rising 132 per cent to Rs 104 crore over Q3 FY25.

It said it executed 17 transactions to raise a total of Rs 20,000 crore of funds in the nine months ended December 31, 2024. These include five IPOs of Afcons Infrastructure, ixigo, Bansal Wire Industries, Mobikwik and Sanathan Textiles, which collectively raised over Rs 11,000 crore between October and December.

DAM Capital also handled four QIPs, including SpiceJet’s Rs 3,000 crore QIP. DAM Capital further said it has 18 IPOs in the pipeline. In a stock exchange filing, DAM Capital said, “We currently have 18 IPOs in the pipeline and authorised for several other equity capital markets and advisory transactions.”

It added, “Revenue from the merchant banking segment stood at Rs 80.4 crore for the quarter (growth of 168% yoy) and revenue from the broking segment stood at Rs 20.4 crore for the quarter (growth of 52% yoy).”

DAM Capital Advisors offers a wide range of financial solutions across the areas of investment banking which includes equity capital markets (ECM), mergers and acquisitions (M&A), private equity (PE), structured finance advisory and institutional equity including broking and research.