Forbes & Company Ltd: Q2 FY27 Profit Rs. 298 Lakhs; Approves Rs. 50 Cr Capex
RESULTS
▼ Concern Flagged
MEDIUM RISK
📅 Filed on BSE: 02 Nov 2026, 06:08 PM IST · BSE ID: 5c32d951-6978-4f89-ac72-812541bd7ee0
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported its quarterly earnings, planned significant construction projects, and sold a stake in an associate company.
🤖 AI Summary
- Standalone net profit for Q2 FY27 was Rs. 298 Lakhs, compared to Rs. 604 Lakhs in Q2 FY26.
- Board approved Rs. 35 crores for initial development phases of its IT Park project at Wagale Thane MIDC.
- Approved a capital expenditure budget of approximately Rs. 15 crores, plus GST, for a factory building in Chikalthana.
- Sale of 49% stake (58,849 equity shares) in associate Neuvo Consultancy Services for Rs. 5.88 lacs was approved.
- The buyer, Shapoorji Pallonji Real Estate Private Limited, belongs to the Promoter group.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Standalone Revenue from operations Q2 FY27
1,766 Lakhs
Standalone Total Income Q2 FY27
1,888 Lakhs
Standalone Profit for the period Q2 FY27
298 Lakhs
Standalone Revenue from operations H1 FY27
3,042 Lakhs
Standalone Total Income H1 FY27
3,494 Lakhs
Standalone Profit for the period H1 FY27
605 Lakhs
IT Park Initial Project Approval
35 crores
Factory Building Capex Approval
15 crores
Sale of Neuvo Consultancy Services
5.88 lacs
Neuvo Consultancy Services (Loss contribution FY26)
(474.73) lacs
🏢 How This Affects the Company
The approved capital expenditures of Rs. 35 crores for the IT Park and Rs. 15 crores for a factory building indicate expansion and optimization in real estate and manufacturing operations, potentially enhancing future operational capacity. The sale of Neuvo Consultancy Services removes a loss-contributing associate.
The standalone net profit for Q2 FY27 decreased to Rs. 298 Lakhs from Rs. 604 Lakhs in Q2 FY26. The capital expenditures total Rs. 50 crores plus GST, representing a significant cash outflow for asset creation. The sale of Neuvo Consultancy Services will provide Rs. 5.88 lacs, reducing future losses from an associate company.
New construction projects for an IT Park and a factory building suggest an increase in real estate development activities and manufacturing facility expansion. This requires resource allocation and project management focus for timely completion.
Committing Rs. 50 crores (plus GST) to new projects introduces execution risks related to budget overruns and project delays. The transaction for Neuvo Consultancy Services, while small, is with a promoter group entity, which are always subject to scrutiny.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this filing.
👤
Who Is Affected
All shareholders are indirectly affected by the financial results showing reduced profitability and the deployment of capital for new projects. The sale of shares to a promoter group entity is noted.
🔍
Management Signal
Management is focusing on strategic capital allocation for new infrastructure projects and divesting from non-performing associate companies, while overall profitability has seen a decline.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q3 FY27 financial results — monitor standalone profit trend and revenue growth.
Updates on IT Park and factory construction progress and revised cost estimates.
Completion of Neuvo Consultancy Services share transfer within 60 days.
MEDIUM RISK
Declining profitability in Q2 FY27 and significant new capital expenditure commitments introduce execution and financial risks.
💡 Investor Takeaway
Forbes & Company Ltd reported Q2 FY27 standalone net profit of Rs. 298 Lakhs, a decrease from Rs. 604 Lakhs in Q2 FY26. The Board approved Rs. 35 crores for an IT Park and Rs. 15 crores for a new factory building, signaling future asset creation. A 49% stake in Neuvo Consultancy Services was sold for Rs. 5.88 lacs to a promoter group company.
⚖️ Strengths & Concerns
✅ Positives
- Board approved significant capital expenditure totaling Rs. 50 crores plus GST for IT Park development and factory construction, indicating growth initiatives.
- Sale of associate Neuvo Consultancy Services Private Limited removes a past loss contributor of Rs. (474.73) lacs in FY26.
⚠️ Concerns
- Standalone net profit for Q2 FY27 declined to Rs. 298 Lakhs from Rs. 604 Lakhs in the comparable Q2 FY26.
- Half-year standalone profit for FY27 was Rs. 605 Lakhs, a decrease from Rs. 1,001 Lakhs in H1 FY26.
📅 Company Track Record
Forbes & Company Ltd reported FY26 standalone profit of Rs. 1,472 Lakhs, a decline of 45.26% from Rs. 2,693 Lakhs in FY25. The current Q2 FY27 and H1 FY27 results continue this downward profit trend.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Forbes & Company Ltd's standalone net profit in Q2 FY27?
Forbes & Company Ltd reported a standalone net profit of Rs. 298 Lakhs for the quarter ended September 30, 2026 (Q2 FY27).
What capital expenditures did Forbes & Company Ltd's Board approve?
The Board approved Rs. 35 crores for the initial phase of its IT Park at Wagale Thane MIDC and approximately Rs. 15 crores plus GST for a factory building in Chikalthana Industrial Area.
What was the consideration for the sale of Neuvo Consultancy Services Private Limited shares?
Forbes & Company Ltd approved the sale of its 49% investment in Neuvo Consultancy Services Private Limited for a consideration of Rs. 5,88,490/- (Rs. 5.88 lacs).
Who is acquiring the shares of Neuvo Consultancy Services Private Limited?
The shares of Neuvo Consultancy Services Private Limited are being sold to Shapoorji Pallonji Real Estate Private Limited, which is a company belonging to the Promoter group.
What was Neuvo Consultancy Services Private Limited's contribution to Forbes & Company Ltd's profit/loss in FY26?
During the financial year ended March 31, 2026, Neuvo Consultancy Services Private Limited contributed a share of profit/(loss) of Rs. (474.73) lacs to Forbes & Company Ltd.
Questions based on this BSE filing only. For information purposes.