Audited Financial Results of the Company for the quarter and year ended March 31, 2026
DECNGOLD · price
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Deccan Gold Mines reported a standalone net loss of Rs. 13.28 crore for FY2026, significantly narrowed from Rs. 46.70 crore loss in FY2025. Standalone total income surged to Rs. 37.12 crore from Rs. 8.16 crore, while consolidated net loss stood at Rs. 76.17 crore against Rs. 83.70 crore in the prior year. The company completed a Rs. 314.70 crore rights issue in December 2025, using Rs. 203 crore to fully repay inter-corporate deposits and Rs. 31.50 crore for the Altyn Tor Gold Mine project in Kyrgyzstan. Statutory auditors issued an unmodified (clean) opinion, though they included an Emphasis of Matter on Rs. 190.16 crore in unsecured loans extended to subsidiary Avelum Partner LLC, with repayment tied to future gold production.
The narrowing losses and sharp revenue increase are positive signs, but persistent negative operating cash flows (Rs. 52.33 crore consolidated) and heavy reliance on equity fundraising raise concerns about long-term sustainability. The auditor's Emphasis of Matter on inter-company loans to Avelum signals potential contingent liability risk if the gold project fails to commence production.