Note: These are AI-generated, educational summaries of public NSE
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Verify against the original filing and consult a SEBI-registered adviser before acting.
Rs 3.07 Cr PAT; Revenue drops 42% YoY as Real Estate and Automation segments weaken
Forbes & Company reported a weak set of results for Q1 FY27, with standalone revenue declining 42.1% YoY to Rs 12.76 Cr. The decline was driven by a 57.4% drop in Real Estate revenue and a contraction in the Coding and Industrial Automation segment. Standalone PAT fell 22.7% YoY to Rs 3.07 Cr. Notably, the Coding and Industrial Automation segment turned loss-making at the EBIT level, reporting a loss of Rs 0.69 Cr compared to a profit of Rs 0.31 Cr in the year-ago period.
high confidence
What changedThe company experienced a sharp contraction in both its core business segments, leading to a significant YoY decline in top-line and bottom-line performance.
Why it mattersThe results highlight the lumpy nature of the company's real estate revenue and the current inability of the industrial automation business to provide stable profitability, all while operating under high promoter debt stress.
📅 Short termThe stock is likely to face pressure in the short term due to the revenue miss and the automation segment turning loss-making.
📈 Long termLong-term viability depends on the successful monetization of real estate assets and the turnaround of the industrial automation business, amidst high financial risk from promoter pledging.
⚠ Risk flags
Extremely high promoter pledging (98.25%)
Ongoing litigation regarding Svadeshi Mills
Loss-making industrial automation segment
High sector concentration in the automobile industry
👀 What to Watch
Investors should monitor the upcoming legal hearing on August 19, 2026, regarding the Svadeshi Mills winding-up stay and track if the Coding segment can achieve its previously stated goal of scaling to break-even.
Forbes & Company reported a weak set of results for Q1 FY27 (ended June 30, 2026), with standalone revenue from operations falling 42.1% YoY to Rs 12.76 Cr. The decline was broad-based, with Real Estate revenue dropping 57% YoY to Rs 5.80 Cr and the Coding & Industrial Automation segment falling 17% to Rs 6.96 Cr. Profitability was also hit as the Automation segment swung to a loss of Rs 0.69 Cr from a profit of Rs 0.31 Cr in the year-ago period. Standalone Net Profit stood at Rs 3.07 Cr, down 22.6% YoY, aided by other income of Rs 3.30 Cr.
high confidence
What changedThe company experienced a significant contraction in its two primary business segments, leading to a sharp drop in top-line and operational losses in its industrial automation division.
Why it mattersThe results indicate execution challenges in scaling the automation business and lumpy revenue recognition in the real estate segment, which are critical for the company's turnaround strategy.
📅 Short termThe stock may face pressure due to the significant decline in revenue and the automation segment turning loss-making.
📈 Long termStructural growth depends on the company's ability to stabilize the automation business and successfully monetize its Mumbai real estate holdings; current performance shows high volatility.
⚠ Risk flags
High promoter pledging (98.25% of 73.85% stake)
Operational loss in core growth segment (Automation)
👀 What to Watch
Investors should monitor the recovery of the Coding & Industrial Automation segment, which is the company's stated growth focus, and track the legal outcome of the Svadeshi Mills winding-up appeal listed for August 19, 2026.
📊 Last 7 days — analysed filings by sentiment
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