Un-Audited Standalone and Consolidated Financial Results for the quarter ended June 30, 2025
DECNGOLD · price
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Deccan Gold Mines Ltd reported a sharp widening of losses in Q1FY26. On a standalone basis, the company posted a net loss of Rs 155.90 million versus Rs 33.28 million in Q1FY25, nearly a 5x jump. Total expenses ballooned to Rs 187.41 million from Rs 36.93 million a year ago, largely driven by a surge in employee benefits and other costs. Revenue from operations rose about 23% year-on-year to Rs 31.21 million (standalone). On a consolidated basis, the net loss was Rs 281.26 million compared to a profit of Rs 382.01 million in Q1FY25, with subsidiaries in Tanzania, Kyrgyzstan, and Dubai also reporting losses. The statutory auditor V.K. Beswal & Associates issued an unqualified limited review report with no qualifications or emphasis of matter.
The widening losses on both standalone and consolidated fronts are a concern for shareholders, especially since expenses grew far faster than revenue. The company continues to operate at a loss in its core gold exploration and mining segment, which could pressure the stock in the short term despite the topline growth.