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Stock jumps 10% after its net profit increases by 2.5% in Q3

Financial services firm posted a 132% increase in income, reaching ₹104 crore, with a 2.5x rise in net profit. Key growth drivers included merchant banking and equities, boosting RoE to 60.9%.
Stock surges 10% following a 2.5% increase in net profit for Q3.
Stock surges 10% following a 2.5% increase in net profit for Q3.

Introduction:

Leading financial services firm reported a 132% surge in total income for the quarter, reaching ₹104 crore. Net profit also saw a nearly 2.5x rise, reflecting strong growth in merchant banking and equities businesses.

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Share price movement of DAM Capital:

On January 27, 2025, DAM Capital Advisors Ltd opened at ₹302.35, up 8.02% from its previous close of ₹279.85. The stock reached a high of ₹314.75 (12.47%) and a low of ₹290.20. By 10:37 AM, it traded at ₹293.20, a 4.77% increase, with a market cap of ₹2,072.51 crore.

DAM Capital Reports Strong Growth in Q3:

DAM Capital Ltd reported a 132% increase in total income, reaching ₹104 crore for the quarter, up from ₹45 crore last year. Net profit rose nearly 2.5x to ₹52 crore from ₹21 crore in Q3 FY24.

Revenue from the merchant banking business grew 168% to ₹80 crore, while the institutional equities business saw a 52% rise to ₹20 crore. These gains reflect strong growth across key sectors in the company’s operations.

The company’s Return on Equity (RoE) improved to 60.9% from 45% last year. In the first nine months, DAM Capital raised nearly ₹20,000 crore through 17 transactions, including IPOs and QIPs.

Recent news on DAM Capital:

As of December 27, 2024, DAM Capital Advisors listed at a premium of 38.87% on the exchanges. The stock debuted at ₹393 on the NSE and ₹392.90 on the BSE, compared to an issue price of ₹283.

Stock performance of DAM Capital for Period of 1 week and 1 month:

Over the past week, DAM Capital Advisors Ltd has seen a 15.3% decline in returns, while the stock has dropped 32.6% over the past month, indicating ongoing challenges in the short-term performance.

Shareholding pattern of DAM Capital:

All values in %Dec 2024
Promoter40.00%
FII4.80%
DII14.80%
Public40.40%
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About DAM Capital:

DAM Capital Advisors Limited (NSE: DAMCAPITAL) is an investment bank offering services in investment banking, equity capital markets, M&A, private equity, structured finance, and institutional equities. The firm has executed 72 ECM transactions and 23 advisory deals since November 2019.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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