Deccan Gold Mines Reports December 2024 Results Highlighting Operational Efficiency Amid Financial Challenges

Deccan Gold Mines has recently reported its financial results for the quarter ending December 2024, revealing notable trends within its operations. The company has experienced a revision in its evaluation, with its score adjusting to -7 from -9 over the past three months. On a positive note, the Debtors Turnover Ratio has reached a peak of 18.77 times in the last five half-yearly periods, indicating that the company has been effective in settling its debtors more swiftly. This aspect of the financials reflects operational efficiency in managing receivables. Conversely, the financial results also highlight significant challenges. The Profit Before Tax less Other Income (PBT) has recorded a value of Rs -25.70 crore, marking a substantial decline of 171.67% year on year. Similarly, the Profit After Tax (PAT) stands at Rs -21.04 crore, reflecting a decrease of 122.4% year on year. Additionally, the Operating Profit (PBDIT) has reached its lowest point in the last five quarters at Rs -22.50 crore, indicating ongoing difficulties in maintaining profitability. Overall, Deccan Gold Mines' latest financial results illustrate a complex landscape of operational strengths and significant financial hurdles. Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.