Outcome of Board Meeting dated November 07, 2025
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Forbes & Company's Board approved unaudited standalone and consolidated financial results for Q2 and H1 FY26 (ended September 30, 2025), with a clean (unmodified) limited review report from Sharp & Tannan Associates. Standalone revenue from operations fell sharply to Rs 1,813 lakhs in Q2 (from Rs 3,422 lakhs in Q2 FY25) and Rs 4,016 lakhs in H1 (from Rs 6,958 lakhs), mainly driven by a steep drop in real estate project revenue (Rs 2,330 lakhs in H1 FY26 vs Rs 5,318 lakhs in H1 FY25). Despite lower topline, standalone profit after tax grew sequentially to Rs 604 lakhs in Q2 (from Rs 397 lakhs in Q1) on better real estate segment profits, taking H1 PAT to Rs 1,001 lakhs. Consolidated PAT was Rs 633 lakhs for Q2 and Rs 1,119 lakhs for H1, with operating cash flow turning positive at Rs 693 lakhs versus an outflow last year.
Investors should note the significant revenue decline due to lower real estate project recognition, though profitability and operating cash flow have improved compared to the prior year. No exceptional items were reported in the current period, but ongoing matters involving Forbes Technosys (CIRP) and Svadeshi Mills (winding-up) continue to be key watchpoints.