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Accel Ltd Q1 FY27: Reports Rs 0.66 Cr Net Loss; Auditor Qualifies Rs 3.15 Cr Impairment

Accel Ltd reported a standalone net loss of Rs 0.66 Cr for Q1 FY27, a sharp decline from a profit of Rs 1.21 Cr in Q1 FY26. While revenue from operations grew 11.9% YoY to Rs 43.25 Cr, the bottom line was pressured by higher purchase costs and a lack of other income compared to the previous year. A critical concern is the statutory auditor's qualification regarding a non-provision of Rs 3.15 Cr for impairment in an associate company, Secureinteli Technologies. The board also approved the appointment of M/s. Menon & Pai as new statutory auditors for a five-year term.