Financial Results Overview

Standalone Results (₹ in Millions):

  • Quarter Ended September 30, 2026: Net profit of ₹64.87 million
  • Quarter Ended June 30, 2026: Net profit of ₹11.52 million
  • Quarter Ended September 30, 2025: Net loss of ₹25.17 million
  • Half Year Ended September 30, 2026: Net profit of ₹76.39 million
  • Half Year Ended September 30, 2025: Net loss of ₹181.07 million
  • Year Ended March 31, 2026: Net loss of ₹132.75 million

Consolidated Results (₹ in Millions):

  • Quarter Ended September 30, 2026: Net loss of ₹147.53 million
  • Quarter Ended June 30, 2026: Net loss of ₹153.70 million
  • Quarter Ended September 30, 2025: Net loss of ₹173.92 million
  • Half Year Ended September 30, 2026: Net loss of ₹301.23 million
  • Half Year Ended September 30, 2025: Net loss of ₹483.76 million
  • Year Ended March 31, 2026: Net loss of ₹762.50 million

Key Financial Metrics

Standalone EPS (₹):

  • Q2 FY27: (0.16) basic and diluted
  • Q1 FY27: (0.33) basic and diluted
  • Q2 FY26: (1.02) basic and diluted
  • H1 FY27: (0.27) basic and diluted

Paid-up Equity Share Capital: ₹200.97 million (200.97 million shares of ₹1 each)

Operational Performance

Standalone Income from Operations (Net):

  • Q2 FY27: ₹172.42 million
  • Q1 FY27: ₹114.36 million
  • Q2 FY26: ₹85.99 million
  • H1 FY27: ₹286.78 million

Total Expenses:

  • Q2 FY27: ₹107.55 million
  • Q1 FY27: ₹102.84 million
  • Q2 FY26: ₹111.16 million

Employee Stock Options

ESOP Details for Quarter Ended September 30, 2026:

  • Options outstanding at beginning: 4,020,000
  • Options granted during period: 2,269,000
  • Options vested during period: 1,751,000
  • Options lapsed during period: 1,001,000
  • Options exercised during period: 3,270,000
  • Options outstanding at end: 3,270,000
  • Exercise price: ₹20 per option
  • Vesting date starts from May 23, 2026 for 750,000 options for 5 years

Share Allotment: On August 20, 2026, the company allotted 2,269,000 equity shares to employees at ₹20 per share under "Deccan Gold Mines Limited Stock Incentive Plan, 2024".

Assets and Liabilities Position (Half Year Ended September 30, 2026)

Standalone (₹ in Millions):

  • Total Assets: ₹7,322.81
  • Non-current Assets: ₹7,034.29
  • Current Assets: ₹288.53
  • Total Equity: ₹6,251.23
  • Current Liabilities: ₹1,071.42
  • Non-current Liabilities: ₹0.17

Consolidated (₹ in Millions):

  • Total Assets: ₹6,621.59
  • Non-current Assets: ₹4,845.06
  • Current Assets: ₹1,776.53
  • Total Equity: ₹4,808.83
  • Current Liabilities: ₹1,812.53
  • Non-current Liabilities: ₹0.19

Cash Flow Statement (Half Year Ended September 30, 2026)

Standalone (₹ in Millions):

  • Net cash from operating activities: (₹267.53)
  • Net cash used in investing activities: (₹785.29)
  • Net cash from financing activities: ₹953.80
  • Net change in cash: (₹99.03)

Consolidated (₹ in Millions):

  • Net cash from operating activities: (₹901.30)
  • Net cash from investing activities: ₹1,664.73
  • Net cash used in financing activities: (₹842.08)
  • Net change in cash: (₹78.64)

Auditor's Emphasis of Matter

Standalone: Auditors emphasized that the company has extended unsecured inter-company loans aggregating ₹2,761.054 million to its subsidiary Avelum Partner LLC, Kyrgyzstan, with accrued interest of ₹411.194 million at 15% per annum. Repayment is expected to commence upon start of commercial production at Avelum's Altyn Tor Gold Project.

Consolidated: Auditors emphasized retrospective restatement of comparative figures due to corrections of prior period errors in associate Thriveni Lloyds Swarnagiri Private Limited's financial statements. The carrying amount of investment in the associate and other equity as at March 31, 2026 was reduced by ₹121.799 million (retained earnings reduced by ₹122.042 million and other comprehensive income reserve increased by ₹243 thousand).

Subsidiary and Associate Performance

Key entities included in consolidation:

1. Deccan Exploration Services Private Limited (Indian subsidiary)

2. Deccan Gold (TZ) Private Limited (Tanzania subsidiary)

3. Avelum Partner LLC, Kyrgyzstan (Kyrgyzstan subsidiary) - Material subsidiary

4. Deccan Gold FZCO, Dubai (Dubai subsidiary) - Material subsidiary

5. Deccan Gold Mozambique, Limitada (Mozambique subsidiary)

6. Novadhatu Minerals Private Limited (Indian subsidiary, consolidated from April 6, 2026)

7. Thriveni Lloyds Swarnagiri Private Limited (Indian associate)

8. Kalevala Gold Oy, Finland (Finnish associate)

Avelum Partner LLC Performance:

  • Revenue: ₹11 thousand
  • Net loss after tax: ₹118.431 million
  • Total comprehensive loss: ₹152.004 million

Thriveni Lloyds Swarnagiri Share:

  • Group's share of net profit: ₹205.850 million
  • Group's share of total comprehensive income: ₹205.850 million

Segment Information

The company operates in a single segment: "Gold Exploration and Mining".