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Deccan Gold Mines Ltd

Q2 FY26

Deccan Gold Mines Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹246

Market cap₹4.0K Cr

Updated23 Aug 2026

Read5 min read

The short version

Deccan Gold Mines aims for around 2 tons of gold production as their share from current and upcoming projects in the next few years, with possibilities to increase if new projects come in. For FY 2027, clear topline and net profit guidance was sought, but no specific figures were provided during the call (Page 36).

From Deccan Gold Mines Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Deccan Gold Mines aims for around 2 tons of gold production as their share from current and upcoming projects in the next few years, with possibilities to increase if new projects come in.
The company anticipates growth due to two mines now in production (India and Kyrgyzstan), with production numbers expected to show in the current quarter (as of November 2025).
Advanced projects under development are expected to drive growth beyond a recent flattening phase over the past 1.5 years.
Plans to scale up Jonnagiri mine's proven resource from 12 tons to 20 tons via further drilling, with an eventual target of 40 tons total resource.
Production at Altyn Tor mine is projected to start at 350 kg next year with potential growth up to 700 kg.

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Profitability & Margins

For FY 2027, clear topline and net profit guidance was sought, but no specific figures were provided during the call (Page 36).
EBITDA margins are expected around 70% to 75%, considering production costs about $1020-$1045 per ounce (Page 30).
PAT margins vary: Kyrgyzstan operations estimate 35%-40% PAT due to revenue sharing and taxes, while Jonnagiri expects around 30% profit tax on EBITDA (Page 30).
Production targets were previously 5 tons of gold by 2030, now revised down to about 2 tons projected (Page 27).

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Capital Expenditure Plans

The company plans a capital expenditure of Rs. 115 Crores specifically allocated for drilling activities as part of their ongoing projects.
They aim to clear an existing debt of around Rs. 200 Crores through a rights issue to strengthen the financial position.
The focus is on developing two operating gold mines (Kyrgyzstan and Jonnagiri) and progressing other projects with expected majority ownership within two years.
New projects are being considered with a goal to bring them into production within two to three years.
Investment decisions prioritize advanced projects and greenfield projects with strong geological potential.
The company intends to monetize stakes in existing mines cautiously, preferring growth via new projects over increasing stakes in current ventures.

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Fundraising & Capital Structure

Deccan Gold Mines Limited plans a rights issue aiming to raise around Rs.315 Crores.
The primary purpose of this rights issue is to repay the company's existing debt of about Rs.200 Crores.
The rights issue is targeted at internal shareholders only, not to bring in new external investors.
The company may also use remaining funds from the rights issue for exploration and drilling in four other projects.
There is no current intent to sell any projects; rather, the focus is on building controlling stakes in new projects.
Additional funding may be sought for acquiring one or two new projects after due diligence.
Debt funding in the past included approximately Rs.200 Crores from Hira Group at around 12% interest.

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Order Book & Pipeline

The transcript and pages provided from Deccan Gold Mines Limited's Q2 FY 2025-2026 investor call do not mention any details related to current or expected order book or pending orders. The discussion primarily focuses on: - Mining projects progress (Jonnagiri, Kyrgyzstan, and Bhalukona) - Production targets and capacity - Rights issue and funding concerns

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Deccan Gold Mines Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024Q3 FY25

Mar 2025Q4 FY25

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹9 Cr, net profit ₹6 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Deccan Gold Mines Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Deccan Gold Mines Ltd Q2 FY26 results?

Deccan Gold Mines aims for around 2 tons of gold production as their share from current and upcoming projects in the next few years, with possibilities to increase if new projects come in. For FY 2027, clear topline and net profit guidance was sought, but no specific figures were provided during the call (Page 36).

What is Deccan Gold Mines Ltd share price analysis?

Deccan Gold Mines Ltd currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹3,955 Cr. Investors should review the full earnings analysis for detailed insights.

Is Deccan Gold Mines Ltd planning capital expenditure?

The company plans a capital expenditure of Rs.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.