Deccan Gold Mines [BOM: 512068], one of India’s prominent players in the mining sector, reported its Q1 FY26 results on Wednesday, 13th August 2025. The results reflected a significant downturn for the company, as it moved from a profit to a loss. The company reported a net loss of ₹24.7 crore, compared to a profit of ₹3.8 crore in the same period last year. This marked a sharp decline in profitability, even as the company made a groundbreaking discovery of India’s first Nickel-Copper-PGE sulphide mineralisation in Chhattisgarh. This find could play a crucial role in India’s critical minerals sector and potentially enhance Deccan Gold Mines’ share price as the company strengthens its position in the clean energy and electric vehicle (EV) markets.
For Q1 FY26, the company also saw a dramatic 87.1% YoY drop in total income from operations, which stood at just ₹0.4 crore compared to ₹3.1 crore in the same period last year. This financial setback, however, is expected to be mitigated in the long term through the company’s strategic focus on critical minerals.
Key Financial Results for Deccan Gold Mines Q1 FY26
| Particulars | Q1 FY26 (₹ Cr) | Q4 FY25 (₹ Cr) | Q1 FY25 (₹ Cr) | YoY Growth (%) | QoQ Growth (%) |
| Total Income from Operations (Net) | 0.4 | 0.5 | 3.1 | -87.1% | -20.0% |
| Net Profit/Loss | (24.7) | 1.4 | 3.8 | – | – |
| Basic EPS (for continuing operations) (₹) | (1.6) | 0.8 | 2.6 | – | – |
| Diluted EPS (for continuing operations) (₹) | (1.6) | 0.8 | 2.6 | – | – |
Important Updates from Deccan Gold Mines Q1 FY26 Financial Results
Discovery of Nickel-Copper-PGE Mineralisation
Deccan Gold Mines made a breakthrough discovery of India’s first Nickel-Copper-PGE sulphide mineralisation in Chhattisgarh. This is a significant find, with immense potential for both commercial and strategic purposes, particularly in the clean energy and EV sectors. The company’s efforts to explore critical minerals could help propel India toward mineral self-reliance, and this discovery may be a game-changer for the company in the coming years.
Decline in Net Profit and Earnings
Despite the promising discovery, the company reported a net loss of ₹24.7 crore for Q1 FY26, compared to a profit of ₹3.8 crore in Q1 FY25. The steep decline in total income from operations, down 87.1% YoY, is a key factor in the overall poor performance this quarter. While the loss is concerning, the company’s focus on critical minerals may help it bounce back in future quarters.
Stake Reduction by Promoters
The promoters of Deccan Gold Mines reduced their stake by 0.52% over the previous quarter, bringing their total holding to 24.16%. A decline in promoter holding can sometimes signal reduced confidence or shifting priorities regarding the company’s future prospects. However, this could also be part of the company’s strategy to diversify ownership and bring in new investors to support its long-term growth initiatives.
Looking Forward
Despite the financial challenges in Q1 FY26, Deccan Gold Mines remains optimistic about its future prospects, particularly with its new discovery in Chhattisgarh. The company’s focus on critical minerals, especially those relevant to the clean energy and electric vehicle sectors, positions it well for long-term growth. The management is also confident that as the exploration and extraction processes mature, Deccan Gold Mines will see a significant improvement in its financial performance.
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