Accel Ltd (517494)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Accel's revenue was ₹43.3 Cr (+10.7% year on year, +4.6% on the previous quarter), and net profit ₹-0.6 Cr (against a profit a year earlier); the operating margin was 6.7%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹43.3 | +10.7% | +4.6% |
| Operating profit | ₹2.9 | -8.5% | +19.0% |
| Net profit | ₹-0.6 | to loss | to loss |
| EPS (₹) | -0.10 | to loss | to loss |
| Operating margin | 6.7% | — | — |
📢 Recent Corporate Announcements
Accel Limited has published its Annual Report for FY2025-26 under Regulation 34(1) of SEBI LODR Regulations and announced its 40th Annual General Meeting scheduled for September 29, 2026. The annual report outlines its IT services footprint (supporting 600+ corporate clients) and Realty vertical developments, where it completed 1,65,000 sq. ft. at KINFRA SEZ with phased expansion plans targeting 7,50,000 sq. ft. It also confirmed the completion of the NCLT-approved amalgamation of its media services subsidiary. In FY26, the company posted revenues of ₹164.34 cr and net profit of ₹5.33 cr.
- 40th Annual General Meeting convened for Tuesday, 29th September 2026 at 3:00 PM IST via VC/OAVM.
- Realty division completed 1,65,000 sq. ft. space in KINFRA SEZ, with plans for additional 3,50,000 sq. ft. (Phase 2) and 2,50,000 sq. ft. (Phase 3).
- IT Services business employs ~1,500 professionals and supports 600+ corporate clients across India.
- Amalgamation of media services subsidiary completed following NCLT Chennai approval.
Accel Limited has notified the exchange that its 40th Annual General Meeting (AGM) will be held on Tuesday, September 29, 2026, at 3:00 PM IST. The meeting will be conducted virtually via Video Conferencing (VC) and Other Audio-Visual Means (OAVM). This is a standard annual regulatory compliance filing with no immediate financial impact.
- 40th Annual General Meeting scheduled for September 29, 2026
- Meeting start time set for 03:00 P.M. IST
- Conducted virtually via VC/OAVM mode in compliance with MCA and SEBI guidelines
- Intimation submitted to BSE on September 03, 2026
Accel Ltd reported a standalone net loss of Rs 0.66 Cr for Q1 FY27, a sharp decline from a profit of Rs 1.21 Cr in Q1 FY26. While revenue from operations grew 11.9% YoY to Rs 43.25 Cr, the bottom line was pressured by higher purchase costs and a lack of other income compared to the previous year. A critical concern is the statutory auditor's qualification regarding a non-provision of Rs 3.15 Cr for impairment in an associate company, Secureinteli Technologies. The board also approved the appointment of M/s. Menon & Pai as new statutory auditors for a five-year term.
- Standalone revenue from operations rose 11.9% YoY to Rs 43.25 Cr from Rs 38.66 Cr.
- Reported a net loss of Rs 0.66 Cr for the quarter, down from a profit of Rs 1.21 Cr in the year-ago period.
- Auditors qualified the report over a Rs 3.15 Cr difference between the carrying value (Rs 4.88 Cr) and fair value (Rs 1.73 Cr) of an associate investment.
- IT Services segment revenue stood at Rs 41.18 Cr, contributing approximately 95% of total revenue.
- M/s. Menon & Pai appointed as Statutory Auditors for 5 years, replacing the retiring auditors at the upcoming 40th AGM.
Accel Ltd reported a standalone net loss of ₹0.66 Cr for the quarter ended June 30, 2026, compared to a profit of ₹1.21 Cr in the same period last year. Revenue from operations grew 11.9% YoY to ₹43.25 Cr, primarily driven by the IT Services segment which contributed ₹41.18 Cr. A significant concern is a statutory auditor qualification regarding a ₹3.15 Cr non-impairment of an investment in an associate company, Secureinteli Technologies. The company also announced the appointment of M/s. Menon & Pai as new statutory auditors for a five-year term.
- Revenue from operations increased to ₹43.25 Cr in Q1 FY27 from ₹38.66 Cr in Q1 FY26.
- Net loss for the quarter stood at ₹0.66 Cr against a profit of ₹1.21 Cr in the previous year's corresponding quarter.
- Auditors qualified the report over a ₹3.15 Cr discrepancy between the carrying value (₹4.88 Cr) and fair value (₹1.73 Cr) of an associate investment.
- IT Services segment revenue grew to ₹41.18 Cr, while the Realty segment contributed ₹2.08 Cr.
- New statutory auditors, M/s. Menon & Pai, appointed for a 5-year term starting from the 40th AGM.
Accel Ltd has scheduled a board meeting for August 11, 2026, to consider and approve the standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. The company, with a market capitalization of Rs 73 Cr, reported a TTM revenue of Rs 164 Cr and a PAT of Rs 5 Cr for FY26. The trading window for insiders, which closed on July 1, 2026, will remain shut until August 17, 2026. This is a routine regulatory filing ahead of the quarterly earnings announcement.
- Board meeting scheduled for August 11, 2026, to review Q1 results.
- Trading window for insiders remains closed from July 1, 2026, to August 17, 2026.
- Results to be reviewed for the quarter ended June 30, 2026.
- Company reported TTM revenue of Rs 164 Cr as of the previous fiscal year.
Mr. S.V. Rao, who was appointed as an Additional Director on April 27, 2026, has resigned from the board effective July 24, 2026. The resignation is a direct consequence of the company failing to get the appointment ratified by shareholders within the mandatory three-month period required under SEBI regulations. This appears to be a procedural cessation rather than a strategic exit. Accel Ltd, with a market cap of ₹70 Cr and TTM revenue of ₹164 Cr, will now need to fill this board vacancy.
- Mr. S.V. Rao resigned effective July 24, 2026, after a 3-month tenure.
- The appointment was originally made on April 27, 2026.
- Resignation was triggered by the failure to ratify the appointment within the 3-month statutory window.
- The company maintains a promoter holding of 71.4% as of June 2026.
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