Accel Limited Q2 Results and Secureinteli Stake Increase

Standalone Performance (Quarter ended 30 September 2026):

Revenue from operations: ₹5,807.98 lakhs (compared to ₹4,325.24 lakhs in Q1 FY27 and ₹4,326.00 lakhs in Q2 FY26)
Total revenue: ₹5,829.83 lakhs
Profit before tax: ₹158.08 lakhs (compared to ₹12.39 lakhs in Q1 FY27 and ₹44.61 lakhs in Q2 FY26)
Net profit: ₹86.46 lakhs (compared to loss of ₹66.33 lakhs in Q1 FY27 and profit of ₹89.55 lakhs in Q2 FY26)
Basic EPS: ₹0.15

Standalone Performance (Half year ended 30 September 2026):

Revenue from operations: ₹10,133.23 lakhs (compared to ₹8,191.70 lakhs in H1 FY26)
Total revenue: ₹10,191.75 lakhs
Profit before tax: ₹170.47 lakhs (compared to ₹206.57 lakhs in H1 FY26)
Net profit: ₹20.12 lakhs (compared to ₹210.87 lakhs in H1 FY26)
Basic EPS: ₹0.03

Consolidated Performance (Quarter ended 30 September 2026):

Consolidated Performance (Half year ended 30 September 2026):

Revenue from operations: ₹10,133.23 lakhs (compared to ₹8,271.44 lakhs in H1 FY26)
Total revenue: ₹10,191.75 lakhs
Profit before tax: ₹191.75 lakhs (compared to ₹194.74 lakhs in H1 FY26)
Net profit: ₹41.41 lakhs (compared to ₹199.04 lakhs in H1 FY26)
Basic EPS: ₹0.07

Revenue:

Segment Results:

The Board of Directors approved a proposal to increase the company's stake in Secureinteli Technologies Private Limited, an associate company:

Current holding: 30.97% of paid-up capital (₹56,15,670)
Secureinteli turnover (FY 2025-26): ₹9,14,65,211
Three-year turnover: FY25: ₹12,10,61,608; FY24: ₹10,06,19,739; FY23: ₹9,14,65,211
Business: Information risk management and cyber security consulting services
Date of incorporation: 16/06/2014
This constitutes a related party transaction under Section 188 of Companies Act, 2013 and Regulation 23 of SEBI LODR
Mr. N R Panicker, Chairman and MD of Accel, is also a director of Secureinteli and holds 0.17% paid-up share capital
Transaction to be undertaken at arm's length based on fair valuation by independent registered valuer
Consideration details, percentage of additional stake, and completion timeline to be determined upon execution of definitive agreements
No governmental/regulatory approvals required

Company holds investment of ₹487.79 lakhs in Secureinteli equity shares carried at cost
Independent valuer's report (28 February 2025) values investment at ₹172.82 lakhs
Carrying value exceeds fair value by ₹314.97 lakhs as of 30 September 2026
Management believes no impairment required due to significant growth prospects
Statutory auditors have qualified their review report on both standalone and consolidated results regarding this matter

Figures include M/s Accel Media Ventures Limited (Transferor Company) pursuant to NCLT sanctioned scheme effective 1 April 2024
This affects comparability with corresponding previous period figures