Outcome of Board Meeting Held on 29th May 2025-Audited Standalone and Consolidated Financial Results.
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Accel Limited's board approved audited results for FY25 on 29 May 2025. Standalone total revenue dipped slightly to Rs. 16,623.30 lakhs (from Rs. 16,804.96 lakhs), while standalone net profit fell about 31% to Rs. 264.35 lakhs (from Rs. 383.97 lakhs); standalone EPS dropped to Rs. 0.46 from Rs. 0.67. Consolidated net profit declined about 44% to Rs. 183.75 lakhs (from Rs. 328.94 lakhs), with consolidated EPS at Rs. 0.32 vs Rs. 0.57. The IT Services segment remains the main revenue driver (Rs. 15,631.32 lakhs standalone), while the Realty segment grew to Rs. 651.07 lakhs. The board recommended a final dividend of Rs. 0.30 per equity share, subject to shareholder approval.
Shareholders will see a small dividend (Rs. 0.30 per share) but should note the auditor issued a qualified opinion on both standalone and consolidated results due to two key concerns: overdue inter-company loans of Rs. 663.04 lakhs to a subsidiary and a likely impairment of Rs. 314.97 lakhs on an associate company investment. If these qualifications were applied, standalone reported PAT of Rs. 264.35 lakhs would swing to a loss of Rs. 713.66 lakhs, and consolidated PAT of Rs. 183.75 lakhs would turn into a loss of Rs. 130.92 lakhs. These red flags may weigh on investor confidence and the stock price despite the small dividend.