Audited Financial Results of the Company for the quarter and year ended March 31, 2025.
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Deccan Gold Mines reported audited results for FY25 with consolidated total income from operations rising to Rs. 51.77 crore (from Rs. 35.90 crore in FY24), a growth of about 44%. However, consolidated net loss widened sharply to Rs. 68.07 crore (from Rs. 6.46 crore loss in FY24), driven mainly by a Rs. 57.60 crore share of losses from associates (mainly Geomysore) and a large Rs. 32.79 crore non-cash ESOP expense under the 2024 Stock Incentive Plan. Standalone performance was weak with revenue falling to Rs. 4.54 crore (from Rs. 25.40 crore) and a net loss of Rs. 46.70 crore. Cash flow from operations remained deeply negative at Rs. (50.70) crore consolidated. Statutory auditor V.K. Beswal & Associates issued an unmodified (clean) opinion on both standalone and consolidated results.
Sharp widening of losses and negative operating cash flows despite revenue growth are negative signals for near-term shareholder returns, but the losses are largely non-cash (ESOP and share of associate losses) and tied to exploration-stage operations. Clean audit opinion provides some comfort, but investors should expect continued bottom-line pressure until mining operations contribute meaningfully.