According to the latest company announcement, Accel Limited's Board of Directors convened on August 11, 2026, to review and approve key corporate matters. The primary outcomes included the acceptance of the company's Standalone and Consolidated Unaudited Financial Results for the quarter ending June 30, 2026, along with a Limited Review Report. Additionally, the Board approved the appointment of M/s. Menon & Pai, Chartered Accountants (FRN: 008025S) as the new Statutory Auditors of the company for a term of five consecutive years, commencing from the conclusion of the upcoming Annual General Meeting until the conclusion of the 45th AGM. The appointment is contingent upon shareholder approval at the ensuing AGM, replacing the retiring auditors whose term expires at the conclusion of the next AGM.
According to reports from Business Standard, Accel reported a consolidated net loss of ₹0.57 crore in the quarter ended June 2026, marking a significant decline from the net profit of ₹1.21 crore recorded during the corresponding quarter of the previous financial year. This represents a complete reversal in the company's profitability trajectory compared to the same period last year.
Despite the profit decline, Accel demonstrated strong revenue momentum with sales rising 10.70% to ₹43.25 crore in Q1 FY27, compared to ₹39.07 crore in the corresponding quarter of the previous financial year. As reported by Business Standard, this revenue growth indicates the company's ability to expand its business operations and market presence despite facing profitability pressures.
The company's operating profit margin (OPM) declined to 6.68% in Q1 FY27 from 8.09% in the same quarter last year, according to the financial data reported by Business Standard. Additionally, PBDT (Profit Before Depreciation and Tax) fell 51% to ₹1.62 crore from ₹3.28 crore in the previous year, while PBT (Profit Before Tax) dropped 93% to ₹0.12 crore from ₹1.61 crore in Q1 FY26.
