Financial Results
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Accedere Ltd (formerly E Com Infotech India Ltd) reported Q1 FY26 standalone revenue of Rs 75.58 lakhs, down about 22% from Rs 96.96 lakhs in Q1 FY25. Despite the revenue drop, standalone profit after tax jumped sharply to Rs 5.81 lakhs (from Rs 1.11 lakhs) and EPS rose to Rs 0.13 (from Rs 0.02), helped by sharply lower other expenses which fell from Rs 56.13 lakhs to Rs 24.63 lakhs. Consolidated results also turned around, with PAT of Rs 4.63 lakhs against a loss of Rs 2.50 lakhs in the year-ago quarter. The board meeting also accepted the resignation of CFO Priya Chaudhary, who cited 'governance and other related concerns' in her resignation letter, and appointed Kunal Chaudhary, the son of Managing Director Ashwin Chaudhary and Executive Director Priya Chaudhary, as the new CFO. Additionally, UAE-based Accedere Tech Pvt Ltd and US-based Accedere Tech Inc ceased to be subsidiaries due to regulatory reasons.
Profitability has improved dramatically but on the back of shrinking revenue and unexplained cost cuts, which warrants scrutiny. More importantly, the outgoing CFO's public mention of 'governance concerns' and the appointment of a family member (son of the MD) as her replacement are serious red flags that could weigh on the stock and attract regulatory attention from SEBI and shareholders.