Financial Performance

Standalone Results

  • Q2 FY27 Total Income: ₹17.24 crore (compared to ₹11.44 crore in Q1 FY27)
  • Q2 FY27 Net Profit: ₹6.51 crore (compared to ₹1.18 crore in Q1 FY27)
  • H1 FY27 Total Income: ₹28.68 crore
  • H1 FY27 Net Profit: ₹7.69 crore

Consolidated Results

  • Q2 FY27 Total Income: ₹2.44 crore (compared to ₹0.60 crore in Q1 FY27)
  • H1 FY27 Total Income: ₹3.04 crore
  • Q2 FY27 Net Loss: ₹0.55 crore (improved from ₹8.73 crore loss in Q1 FY27)
  • H1 FY27 Net Loss: ₹9.28 crore

Associate Contribution

  • Company's share of profits from associates: ₹14.20 crore in Q2 FY27 (compared to ₹6.64 crore in Q1 FY27)
  • Cumulative H1 FY27 associate profit share: ₹20.57 crore

Operational Highlights

Swarnagiri Gold Project (26% associate)

  • Q2 FY27 Gold Production: 135 kg
  • H1 FY27 Gold Production: 224 kg
  • FY27 Production Target: 400 kg
  • H1 FY27 Revenue: ₹161 crore
  • H1 FY27 Profit After Tax: ₹79.13 crore
  • H1 FY27 EBITDA Margin: Approximately 70%
  • Gold Inventory Value as of September 30, 2026: ₹134 crore
  • Associate profit share to Deccan Gold: ₹13.91 crore in Q2 (more than doubled from ₹6.66 crore in Q1)

Altyn Tor Gold Project, Kyrgyzstan (60% stake)

  • Project inaugurated on September 12, 2026 by President of Kyrgyz Republic
  • First consignment: 1.2 kg gold doré bar dispatched for refining and settlement validation
  • Agreement with OJSC Kyrgyz Altyn for refining and sale of gold-bearing doré

Critical Minerals Portfolio Progress

Bhalukona Nickel-Copper-PGE Project, Chhattisgarh

  • Preliminary geological modelling indicates potential for over 4 million tonnes of mineralisation
  • Estimated grade: approximately 0.24% nickel equivalent
  • Covers only 25% of identified 1.3-km mineralised corridor
  • Exploration completed: 15 diamond drill holes totaling 2,773 metres

Logrosan Tungsten-Tin Project, Spain

  • Maiden drilling completed at Dehesa target with all 8 drill holes intersecting mineralisation
  • Preliminary modelling indicates over 2.3 million tonnes of mineralised material
  • Spanish government grant support approved: up to €250,000 for La Brujas exploration

Mozambique Interests

  • Wholly owned subsidiary Deccan Gold FZCO advancing lithium, tantalum, caesium, and copper-gold opportunities
  • Additional international interests in Finland and Tanzania

Management Commentary

Dr. Hanuma Prasad Modali, Managing Director, stated the company is transitioning towards a "production-led, globally diversified mining company" with priority on scaling gold production, advancing critical mineral assets, and building sustainable shareholder value while contributing to India's resource security.