Outcome Of Board Meeting Held On 29th May, 2025 - Audited Standalone And Consolidated Financial Results
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Accel Limited reported a decline in profitability for FY25 despite stable revenues. Standalone total revenue fell marginally to Rs. 16,623.30 lakhs (from Rs. 16,804.96 lakhs), while net profit dropped about 31% to Rs. 264.35 lakhs (from Rs. 383.97 lakhs). On a consolidated basis, total revenue was Rs. 16,648.45 lakhs with net profit of Rs. 183.75 lakhs, down roughly 44% from Rs. 328.94 lakhs last year. Standalone EPS came in at Rs. 0.46 versus Rs. 0.67 earlier. The IT Services segment remains the largest contributor, while the Realty segment grew year-on-year. The Board has recommended a final dividend of Rs. 0.30 per share, subject to shareholder approval. The auditors (K.S. Aiyar & Co) issued a Qualified Opinion on both standalone and consolidated results, flagging concerns over recoverability of Rs. 663.04 lakhs in loans to subsidiary Accel Media Ventures and overvaluation of a Rs. 487.79 lakhs investment in associate Secureinteli Technologies (fair value assessed at Rs. 172.82 lakhs).
Shareholders should note the sharp drop in profits and the qualified audit opinion, which highlights unresolved issues with subsidiary loans and the carrying value of an associate investment. If both qualifications were adjusted, standalone net profit would swing to a loss of Rs. 713.66 lakhs (EPS of -Rs. 1.24) and consolidated net profit would turn negative at -Rs. 130.92 lakhs. The small Rs. 0.30 dividend provides limited income support.