Mumbai, Feb. 4 -- Profit before tax was at Rs 26.97 crore in Q3 FY26, down 61.1% as against the Rs 69.30 crore posted in Q3 FY25. Total expenses jumped 23.8% YoY to Rs 42.97 crore during the quarter. Finance costs stood at Rs 2.23 crore (up 502.7% YoY), and employee benefits expenses came in at Rs 29.75 crore (up 7.71% YoY).

On the segmental front, revenue from stockbroking stood at Rs 17.62 crore (down 13.54% YoY), and investment banking stood at Rs 48.46 crore (down 39.69% YoY) during the period under review. Net cash available as of December 31, 2025, stood at Rs 309 crore vs Rs 241 crore as of December 31, 2024.

Dharmesh Mehta, managing director & CEO of DAM Capital Advisors, said, "In Q3 FY26, the fundraising environment was very s...