Shares of a part of the Shapoorji Pallonji Group engaged in the manufacturing & sale of engineering products and real estate development projects are in focus on the BSE, after reporting Q4 FY25 financial results with a rise in net profit by around 982 percent QoQ and 2923 percent YoY.
Price Movements
With a market capitalisation of Rs. 460.5 crores, the shares of Forbes & Company Limited closed in the red at Rs. 357 on Wednesday, down by nearly 1.5 percent, as against its previous closing price of Rs. 362.25. The stock has delivered negative returns of about 48 percent in one year, but gained by over 16 percent in the last one month.
What’s the News
According to the latest regulatory filings on the BSE, Forbes & Company Limited announced the financial results for Q4 FY25 on Wednesday, post-market hours.For Q4 FY25, Forbes & Company reported a consolidated revenue from operations of Rs. 88.7 crores, reflecting a growth of around 120.6 percent QoQ from Rs. 40.2 crores in Q3 FY25, and a marginal year-on-year rise of around 2.5 percent from Rs. 86.5 crores in Q4 FY24.
The net profit increased to Rs. 102.8 crores in Q4 FY25, marking a nearly 982 percent rise from Rs. 9.5 crores reported in the previous quarter, and an impressive 2923.5 percent rise compared to Rs. 3.4 crore in Q4 FY24.
Additionally, EBITDA grew to Rs. 12 crores in Q4 FY25, representing a 300 percent rise from Rs. 3 crores reported in the previous quarter, as well as a nearly 200 percent rise compared to Rs. 4 crores in Q4 FY24. EBITDA margins grew to 13 percent in Q4 FY25, up from 9 percent in Q3 FY25 and 4 percent in Q4 FY24.
About the company
Forbes & Company Limited operates a diversified portfolio comprising engineering, industrial automation, consumer durables (including water & air products), chemical tankers and real estate.
The Engineering Division comprises precision tools, business automation, coding business, motor manufacturing, measuring instruments and turbine agency. The Realty Division was set up to create value from the real estate owned by the company at various locations.
As one of the world’s oldest continuously operating companies, Forbes & Company traces its origins back to 1767, when John Forbes from Aberdeenshire, Scotland, started his business in India. Over the years, its management moved from the Forbes Family to the Campbells, then to the Tata Group, and is now under the leadership of the Shapoorji Pallonji Group.
Written by Shivani Singh
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