Forbes & Company's Q2 Results: Real Estate Segment Boosts Revenue
Forbes & Company Limited, a diversified conglomerate with interests in Coding and Industrial Automation and Real Estate, has announced its financial results for the quarter and half-year ended September 30, 2025. The company's performance reflects a mixed picture, with the Real Estate segment emerging as a key revenue driver.
For the quarter ended September 30, 2025, Forbes & Company reported a total revenue of Rs. 2,381.00 lakhs, compared to Rs. 2,585.00 lakhs in the previous quarter. The Real Estate segment contributed significantly to this revenue, generating Rs. 967.00 lakhs for the quarter.
The Real Estate division has shown robust performance: - Quarterly revenue: Rs. 967.00 lakhs - Half-yearly revenue: Rs. 2,330.00 lakhs The company recognized revenue of Rs. 306.00 lakhs for the quarter and Rs. 1,112.00 lakhs for the half-year from its real estate project, following the completion of certain milestones as per Ind AS 115.
The Coding and Industrial Automation segment also contributed steadily: - Quarterly revenue: Rs. 846.00 lakhs - Half-yearly revenue: Rs. 1,686.00 lakhs
The company's financial performance for Q2 FY2026 is summarized as follows:
| Particulars (Rs. in Lakhs) | Q2 FY2026 | Q1 FY2026 | H1 FY2026 | |----------------------------|-----------|-----------|-----------| | Revenue from Operations | 1,813.00 | 2,203.00 | 4,016.00 | | Other Income | 568.00 | 382.00 | 950.00 | | Total Income | 2,381.00 | 2,585.00 | 4,966.00 | | Profit Before Tax | 800.00 | 453.00 | 1,253.00 | | Profit After Tax | 604.00 | 397.00 | 1,001.00 |
The company's profit before tax for Q2 FY2026 stood at Rs. 800.00 lakhs, showing an improvement from Rs. 453.00 lakhs in the previous quarter. The profit after tax for Q2 FY2026 was Rs. 604.00 lakhs, up from Rs. 397.00 lakhs in Q1 FY2026.
Other notable developments include: - The Board of Directors approved the unaudited standalone and consolidated financial results in a meeting held on November 7, 2025. - Forbes Bradma Optimark Private Limited became a wholly-owned subsidiary effective March 31, 2025, following the termination of a joint venture agreement with MACSA ID S.A. - The company continues to face challenges with Forbes Technosys Limited, which underwent a corporate insolvency resolution process after the company lost control in March 2025.
Nirmal Jagawat, Whole-time Director of Forbes & Company Limited, stated, 'Our Real Estate segment has shown resilience and continues to be a significant contributor to our revenue. While we face challenges in certain areas, we are focused on strengthening our core businesses and exploring new opportunities for growth.'
Forbes & Company Limited remains committed to navigating the current market conditions and leveraging its diverse portfolio to drive sustainable growth in the coming quarters.
Additionally, Forbes & Company has received an Income Tax penalty order of Rs 8.19 crore for the Assessment Year 2013-14. The company is contesting the order, calling it 'entirely erroneous' and resulting from misinterpretation of facts. The penalty was imposed for allegedly providing inaccurate income particulars. Forbes & Company is filing a rectification application and initiating an appeal, confident in its strong case. The company does not anticipate any material impact on its operations or finances.
