DAM Capital Advisors shares declined 4.05% to ₹145.15 following the release of disappointing Q1 FY27 results. According to reports from Business Standard, the stock movement reflected investor concerns over the company's deteriorating financial performance during the quarter.
The company reported a 34.78% year-on-year decline in consolidated net profit to ₹0.15 crore in Q1 FY27, down from ₹0.23 crore in Q1 FY26. As reported by Business Standard, total income also declined 2.95% YoY to ₹29.97 crore from ₹30.88 crore in the corresponding quarter of the previous fiscal year. Profit before tax stood at ₹0.29 crore in Q1 FY27, representing a 32.56% decline from ₹0.43 crore in Q1 FY26.
According to the company's financial results, total expenses declined 2.53% YoY to ₹29.68 crore from ₹30.45 crore during the quarter. Finance costs stood at ₹2.18 crore, down 3.11% YoY, while employee benefits expense came in at ₹18.16 crore, up 4.49% YoY. The cost management showed mixed results with some expense categories declining while others increased during the quarter.
On the segmental front, revenue from stockbroking stood at ₹16.26 crore, down 9.87% YoY, indicating challenges in the company's core broking business. However, investment banking revenue increased 3.73% YoY to ₹9.46 crore, showing resilience in the advisory segment. Unallocated revenue stood at ₹4.14 crore, up 12.20% YoY, providing some positive momentum during the quarter. As reported by Business Standard, DAM Capital Advisors is a full-service investment bank providing investment banking and financial advisory solutions.
