DAM Capital Advisors Ltd Q4 FY26 Results

In FY26, the capital markets environment was challenging amid the global tariff concerns, heightened geopolitical tensions and the on-going war related uncertainties, which resulted in elevated market volatility and cautious investor sentiment. Fund-raising activity across the market remained muted, with IPO launches in the last quarter of FY26 at one of the lowest levels seen in recent periods, reflecting the broader slowdown in the equity capital markets activity. Our Institutional Equities business also got impacted due to market volatility. We continue our efforts to scale up the business and increase our market share, driven by strong client relationships and depth of research, to deliver consistent value across segments. During the quarter, we won several large marquee mandates, which further reinforces our leadership position in the Indian capital markets ecosystem. We also continue to maintain a robust pipeline of 25 IPO mandates and several QIP and advisory transactions, providing strong visibility for future growth once market conditions improve. Looking ahead, we continue to explore avenues to diversify our revenue streams by expanding into additional fee-based businesses. This initiative is intended to complement our existing capital markets and institutional equities platforms, creating sustainable, long-term growth while maintaining a disciplined approach to capital allocation. Due to the inherently cyclical and volatile nature of capital markets, our business performance is best evaluated over a long-term investment horizon, rather than on a quarter-to-quarter basis. With a strong pipeline, diversified platform and disciplined execution approach, we remain agile and well-positioned to capitalize on opportunities across both private and public markets as the fund-raising environment gradually improves.”