Deccan Gold Mines Clarifies Q1 FY27 Performance Amid Shareholder Queries

Deccan Gold Mines Limited has issued a clarification regarding its financial performance for Q1 FY27 (ended June 30, 2026), addressing shareholder queries comparing it to Q4 FY26 (ended March 31, 2026). The company highlighted an improved performance of its associate companies, Geomysore Services (India) Private Limited and Kalevala Gold Oy, Finland, which contributed ₹66.44 million in profit. Year-on-year, standalone total income surged by 266% to ₹114.36 million, with a turnaround from a net loss of ₹155.90 million to a profit of ₹11.52 million. Consolidated total income grew 56% to ₹6.02 million, with a loss that narrowed by 69% to ₹87.26 million. The company explained that sequential quarter-on-quarter declines in profitability were due to foreign exchange losses, higher finance costs, increased project expenditure, and administrative expenses. It also clarified the difference between standalone and consolidated revenue, attributing it to the elimination of inter-company income on consolidation.