Outcome of Board Meeting dated August 06, 2025
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Awaiting price reaction for this filing.
Forbes & Company (part of Shapoorji Pallonji Group) announced its Q1 FY26 (quarter ended June 30, 2025) financial results, approved by the Board on August 6, 2025. Standalone revenue from operations fell sharply to Rs. 2,203 lakhs from Rs. 3,536 lakhs in the same quarter last year, a drop of nearly 38%. Profit after tax stood at Rs. 397 lakhs (vs Rs. 533 lakhs YoY), after booking an exceptional loss of Rs. 252 lakhs on impairment of investment in Forbes Bradma Optimark Pvt Ltd. EPS came in at Rs. 3.08 versus Rs. 4.13 last year. The company also announced a new real estate project on a 10,671 sq. meter (2.63 acres) land parcel in Thane, Maharashtra, planned as an IT Park with retail, commercial, hospitality, and office space under the IT/ITeS policy. Auditor Sharp & Tannan Associates issued an unmodified limited review conclusion.
The sharp year-on-year revenue decline, mainly from lower real estate project revenue recognition, is a negative signal for the stock. However, the proposed Thane IT Park project and clean auditor opinion provide some comfort for future growth. Shareholders should watch for further updates on government approvals and project execution timelines.