Un-Audited Standalone and Consolidated Financial Results for the quarter ended June 30, 2025.
DECNGOLD · price
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Deccan Gold Mines reported its Q1 FY26 results along with a clean limited review report from V.K. Beswal & Associates. On a standalone basis, total income rose to Rs 31.21 million from Rs 25.40 million in Q1 FY25, a growth of about 23% year-on-year, helped by other operating income. However, total expenses ballooned to Rs 187.41 million from Rs 36.93 million, mainly driven by a sharp jump in employee costs and finance costs, pushing the standalone net loss deeper to Rs 155.90 million versus Rs 33.28 million last year. On a consolidated basis, revenue actually fell to Rs 30.79 million from Rs 51.77 million, while the consolidated net loss widened sharply to Rs 308.51 million, weighed down by losses at subsidiaries including Avelum Partner LLC (Kyrgyzstan) and the Dubai group, plus a negative share from associate Geomysore.
The sharp widening of losses on both standalone and consolidated bases is a concern for shareholders, despite the modest standalone revenue growth. Persistent cash burn across subsidiaries suggests the company will need further funding support, and the stock is likely to remain under pressure in the near term.