Forbes & Company Limited reported a challenging third quarter for FY26, with significant declines in both revenue and profitability compared to the previous year. The company's financial performance reflected the impact of reduced real estate segment activity and ongoing market conditions.

Financial Performance Overview

The company's financial results for Q3FY26 showed substantial year-on-year declines across key metrics:

For the nine-month period ended December 31, 2025, the company reported revenue of ₹5,666 lakhs compared to ₹10,862 lakhs in the corresponding period of the previous year, representing a 48% decline. Net profit for the nine-month period stood at ₹1,285 lakhs, down 34% from ₹1,946 lakhs in the previous year.

Segment-wise Performance Analysis

The company operates through two primary segments: Coding and Industrial Automation, and Real Estate. The performance varied significantly between these segments:

Real Estate Segment

The real estate segment experienced a substantial decline, with revenue dropping to ₹729 lakhs in Q3FY26 from ₹3,165 lakhs in Q3FY25. For the nine-month period, real estate revenue decreased to ₹3,059 lakhs from ₹8,483 lakhs in the previous year. The segment results showed profit of ₹311 lakhs for Q3FY26 compared to ₹1,355 lakhs in Q3FY25.

Coding and Industrial Automation Segment

This segment showed resilience with revenue growth to ₹921 lakhs in Q3FY26 from ₹739 lakhs in Q3FY25, representing a 25% increase. For the nine-month period, the segment generated revenue of ₹2,607 lakhs compared to ₹2,379 lakhs in the previous year. The segment reported profit of ₹63 lakhs in Q3FY26, recovering from a loss of ₹113 lakhs in Q3FY25.

Leadership Changes and Corporate Developments

The company announced several significant leadership changes during the board meeting held on January 30, 2026:

Jagannath Govale, the newly appointed Chief Financial Officer, brings over 24 years of experience in finance, leadership, corporate strategy, and governance. His background includes extensive exposure to capital structuring, fund raising, budgeting, cash flow management, and financial planning.

Other Comprehensive Income and Total Performance

Despite the decline in operational performance, the company reported positive other comprehensive income of ₹484 lakhs in Q3FY26, primarily driven by fair value changes on equity instruments. This resulted in total comprehensive income of ₹768 lakhs for the quarter compared to ₹934 lakhs in Q3FY25.

Impact of New Labour Codes

The company recognized an incremental impact of ₹164 lakhs due to the implementation of four Labour Codes notified by the Government of India on November 21, 2025. These changes in employee benefit entitlements were recognized as employee benefit expenses in accordance with IND AS 19.

Outlook and Strategic Considerations

The company continues to navigate challenges in its real estate segment while maintaining growth momentum in its coding and industrial automation business. The leadership changes reflect the company's focus on strengthening its management team to drive future growth and operational efficiency.

Source: Forbes & Company Limited

Forbes & Company Limited has scheduled a Board of Directors meeting on January 30, 2026, to consider and approve its unaudited financial results for the third quarter of fiscal year 2026. The company formally notified BSE Limited about this development on January 23, 2026, through its Company Secretary and Compliance Officer, Pritesh Jhaveri.

Board Meeting Details

The upcoming board meeting will focus on reviewing comprehensive financial performance for the specified reporting periods. The directors will examine both standalone and consolidated results to provide stakeholders with a complete financial overview.

Regulatory Compliance

The board meeting notification was submitted pursuant to Regulation 29 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about board meetings where financial results will be considered, ensuring transparency and timely disclosure to market participants.

Trading Window Status

Forbes & Company Limited has maintained its trading window closure as part of standard regulatory compliance. The company previously communicated on December 26, 2025, that the trading window would remain closed until 48 hours after the quarterly and nine months results for the period ended December 31, 2025, become generally available information. This measure prevents insider trading and ensures fair market access to financial information.

Company Communication

The formal notification was digitally signed by Pritesh Jhaveri, Company Secretary and Compliance Officer (Membership No. A51446), on January 23, 2026. The communication was addressed to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, referencing the company's security code 502865 and security ID FORBESCO.

The board meeting represents a crucial milestone in Forbes & Company Limited's quarterly reporting cycle, providing investors and stakeholders with essential financial performance data for informed decision-making.