Accel Reports Strong Financial Performance in Q2 of FY 2024-2025

Nov 16 2024 05:05 PM IST
share
Share Via
Accel, a microcap IT hardware company, has reported positive financial results for the second quarter of fiscal year 2024-2025. The company's PAT has grown by 319.54% year on year, reaching Rs 2.98 crore. Its Operating Cash Flow has also consistently increased, with the latest figure being the highest at Rs 23.45 crore. This indicates a strong performance and potential for growth in the IT hardware industry.
Accel, a microcap IT hardware company, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Accel has shown positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 10 to 8 in the last three months.

One of the key factors contributing to Accel's success is its Profit After Tax (PAT) which has grown by 319.54% year on year, reaching Rs 2.98 crore. This is a very positive trend for the company. Additionally, the company's Operating Cash Flow has been consistently increasing over the last three years, with the latest figure being the highest at Rs 23.45 crore. This indicates that Accel has been generating higher cash revenues from its business operations.

Moreover, the company's PAT for the nine-month period is higher at Rs 2.98 crore compared to the previous 12-month period ending in September 2024, which was Rs 1.96 crore. This shows that Accel has already surpassed its sales from the previous year in just nine months.

Overall, Accel's financial results for the quarter ending September 2024 have been impressive, with positive trends in key areas such as PAT and Operating Cash Flow. This is a good sign for the company's growth and stability in the IT hardware industry.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Why is Accel falling/rising?
Dec 09 2025 12:11 AM IST
share
Share Via
How has been the historical performance of Accel?
Nov 13 2025 11:15 PM IST
share
Share Via
How has been the historical performance of Accel?
Nov 13 2025 12:06 AM IST
share
Share Via