Audited Financial Results Of The Company For The Quarter And Year Ended March 31, 2025
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The Board of Directors of Deccan Gold Mines Limited approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2025 at its meeting held on May 29, 2025. The Statutory Auditors, V.K. Beswal & Associates, issued an unmodified (clean) opinion on the results. Consolidated total income from operations showed strong growth in FY25, rising significantly compared to FY24, driven by the company's gold exploration and mining activities across subsidiaries in India, Tanzania, Dubai, Mozambique, Kyrgyzstan and associates in Finland. However, consolidated net loss attributable to owners widened to roughly Rs. 638 million in FY25 from about Rs. 328 million in FY24, with standalone net loss also deepening from around Rs. 100 million to Rs. 467 million year-on-year. Net cash from operating activities was negative on both standalone (Rs. 122 million outflow) and consolidated (Rs. 507 million outflow) bases. The Board also re-appointed M/s. GHS Gupta & Co as Internal Auditor for FY 2025-26 and 75,000 new ESOP options were granted under the Stock Incentive Plan 2024 at an exercise price of Rs. 20 per share.
Widening losses and persistent negative operating cash flows raise concerns about the company's near-term profitability, but this is typical for a gold exploration and mining company still in its investment phase. The clean unmodified audit opinion and growing top line suggest operations are scaling, though shareholders should monitor whether planned mining activities can translate these rising costs into actual gold production and revenues soon.