ALFA Finder| Margins | Jonnagiri project shows strong profitability with ₹25.6 Cr PAT. |
|---|---|
| Demand visibility | Strong gold production targets set for 2029. |
| Management confidence | High |
Growth
Jonnagiri gold project achieved Q1 doré production of 112.683 kg and ingot production of 89.702 kg.
Outlook
Approved ₹137 Cr capital raise for expansion. Targeting >1t gold production per annum by 2029.
Risks
Legal proceedings regarding the Ganajur mining lease remain pending at the Supreme Court level.
Last quarter's promises, checked
Delivered
- Raise ₹315 Cr to clear debt → Raised ₹315 Cr and became debt-free (= BEAT)
- Jonnagiri trial production revenue → Generated ₹871.6M revenue (= BEAT)
- Altyn Tor first gold production → Produced first doré Aug 5, 2026 (= BEAT)
Partly delivered
- Jonnagiri Q1 production → Delivered 112.7kg doré vs ~150kg implied quarterly target (= PARTIAL)
Missed
- Kyrgyzstan full leaching circuit by July → Still transitioning in Q1 (= MISS)
Earnings Call Transcript filed with BSE, NSE: DECNGOLD. Summary written with AI assistance from the document.
Deccan Gold Mines Ltd: key numbers
- Share price
- ₹188.20
- Market cap
- ₹3,707 Cr
- Revenue (annual)
- ₹0.87 Cr
- Net profit (annual)
- ₹-52.60 Cr
- P/E (TTM)
- -107.4×Sector 17.1×
- Promoter holding
- 20.30%-0.23% QoQ
- FII holding
- 2.45%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Deccan Gold Mines Ltd
All →Deccan Gold Mines Business Update
Deccan Gold's subsidiary Avelum Partner signed a refining and sale agreement with Kyrgyzaltyn. A first 1.2 kg doré consignment was dispatched to validate procedures.
Deccan Gold Mines Board Meeting Date
Deccan Gold Mines Ltd will hold a board meeting on November 13, 2026. The board will consider unaudited financial results for the quarter ended September 2026.
Deccan Gold Mines Business Update
Deccan Gold reports maiden drilling at Spain's Logrosan project intersected economic tungsten-tin mineralisation in all eight holes. Preliminary model suggests over 2,000 tonnes of WO3 potential.
Deccan Gold Mines Other Announcement
Deccan Gold Mines Ltd has filed its quarterly shareholding pattern as mandated under Regulation 31 of SEBI LODR for the period ended September 30, 2026.
Deccan Gold Mines Other Announcement
Director Hanuma Prasad Modali sold 8.5 lakh equity shares of Deccan Gold Mines Ltd via an off-market transaction valued at approximately Rs.19.12 Crore.
- Value
- ₹19.12 Cr
Deccan Gold Mines Capital Structure Change
Deccan Gold Mines Limited has allotted 34,000 equity shares under its ESOP scheme. The allotment increases the company's paid-up share capital.