Accel Q1 FY27: Revenue up but net loss; auditor flags associate investment
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Accel Limited's board approved Q1 FY27 (June 2026) standalone and consolidated results. Revenue from operations rose to Rs 4,325.24 lakhs (standalone) vs Rs 3,865.69 lakhs in Q1 FY26. However, standalone net profit turned negative at Rs (66.33) lakhs vs profit of Rs 121.32 lakhs earlier. Consolidated net loss was Rs (57.24) lakhs. Auditor issued a qualified review report flagging the Rs 487.79 lakh investment in associate Secureinteli Technologies, whose fair value was assessed at only Rs 172.82 lakhs. Board also approved appointing M/s Menon and Pai as new statutory auditors for 5 years, subject to shareholder approval.
Weak Q1 with loss vs profit year-ago; qualified auditor report on associate investment may concern investors. New auditor appointed for 5-year term.