For Q4FY18, Forbes and Co.’s standalone sales decreased by 28.5% yoy to Rs100.3cr from Rs140.2cr in Q4FY17. Decline in raw material cost, other expenses and employee cost restricted EBITDA de-growth to 15.3% yoy. As a result, EBITDA stood at Rs26.1cr in Q4FY18 as compared to Rs30.9cr in Q4FY17. EBITDA margin improved from 22% in Q4FY17 to 26% in Q4FY18. Profit after tax declined by 47.2% yoy to Rs22.8cr vs. Rs43.2cr in Q4FY17.
• During Q4FY18, other income declined by 71% yoy to Rs2.1cr vs. 7.4cr in Q4FY17.
• Sales in the company’s engineering segment was up 13.8% yoy to Rs53.1cr. EBIT margin in the segment increased from 11.6% in Q4FY17 to 15.8% in Q4FY18.
• Real Estate segment’s sales declined sharply by 51.9% yoy to Rs47.2cr, while EBIT margin declined from 45.5% in Q4FY17 to 43.5% in Q4FY18
Forbes & Company Ltd is currently trading at Rs. 3,420, down by 22.55 points or 0.66% from its previous closing of Rs. 3,442.55 on the BSE.
The scrip opened at Rs. 3,390.25 and has touched a high and low of Rs. 3,420 and Rs. 3,390.20 respectively. So far 41 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.
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