Forbes & Co Reports Negative Performance in Q1 FY25, Investors Urged to Analyze Financials

Forbes & Company, a microcap industrial equipment company, recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a “Sell” call by MarketsMOJO.

According to the financial report, Forbes & Co has seen a negative performance in the quarter, with a score of -12 compared to -9 in the previous quarter. However, there are some positive aspects to the company’s financials.

Forbes & Co has shown an increase in earnings per share (EPS) in the last five quarters, with the highest at Rs 4.09. This indicates a higher profitability and better returns for shareholders.

On the other hand, the company’s net sales have fallen by -20.6% compared to the average of the previous four quarters. This is a concerning trend for the near future.

Similarly, the profit before tax (PBT) has also seen a significant decline of -46.2% compared to the average of the previous four quarters. The same trend is seen in the profit after tax (PAT), which has fallen by -5.8%.

One concerning aspect of Forbes & Co’s financials is the high non-operating income, which accounts for 34.51% of the PBT. This indicates that the company’s income from non-business activities is high, which may not be a sustainable business model.

Overall, Forbes & Co’s financial performance for the quarter ending March 2024 has been negative. Investors should carefully consider these factors before making any investment decisions.