Accel Limited has announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The results, reviewed by the Audit Committee and approved by the Board of Directors, detail the company’s standalone and consolidated performance. Key highlights include the approval of financial results, a limited review report, and a proposal to increase shareholding in its associate company, Secureinteli Technologies Private Limited.
Accel Limited Announces Financial Results for H1 FY2027
November 13, 2026 – Accel Limited today disclosed its unaudited financial results for the second quarter and the first half of the financial year ended September 30, 2026. The Board of Directors approved these results following a recommendation from the Audit Committee. A Limited Review Report for the period was also presented and approved.
Strategic Investment in Associate Company
In a significant development, the Board of Directors noted the promoters of Secureinteli Technologies Private Limited, an associate company, have expressed interest in transferring their shares to Accel Limited. This move aims to increase Accel’s shareholding in Secureinteli. The Board, upon the Audit Committee’s recommendation, has approved entering into a Memorandum of Understanding (MOU) and proceeding with increasing its stake. Mr. N. R. Panicker, Managing Director, has been directed to finalize this strategic transaction, with further agreements and approvals to be sought in due course.
Financial Performance Overview
The standalone financial results indicate a mixed performance. For the half-year ended September 30, 2026, the company reported total revenue of ₹10,191.75 lakhs, compared to ₹8,400.94 lakhs in the corresponding period of the previous year. Net profit for the half-year stood at ₹20.12 lakhs, a decrease from ₹210.87 lakhs in the prior year period. Comprehensive income for the half-year was ₹22.27 lakhs, down from ₹132.96 lakhs year-on-year.
Consolidated Financials
On a consolidated basis, total revenue for the half-year ended September 30, 2026, reached ₹10,191.75 lakhs, an increase from ₹8,480.68 lakhs in the prior year. Consolidated net profit for the half-year was ₹41.41 lakhs, down from ₹199.04 lakhs in the same period last year. Total comprehensive income for the consolidated entity was ₹44.17 lakhs, compared to ₹127.41 lakhs a year ago.
Notes on Financial Reporting
The financial results are prepared in accordance with Indian Accounting Standards (IND AS). A note highlights an investment in Secureinteli Technologies Private Limited carried at cost. However, an independent valuation report indicated a lower fair value, leading to a qualification by the Statutory Auditors due to insufficient evidence to support the management’s assessment of the recoverable value.
The figures for the half-year ended September 30, 2026, include those of Accel Media Ventures Limited due to a Scheme of Amalgamation, making direct comparison with the previous year’s figures challenging.
Source: BSE
