Forbes Past Earnings Performance
Past criteria checks 2/6
Forbes has been growing earnings at an average annual rate of 29.6%, while the Consumer Durables industry saw earnings growing at 21.8% annually. Revenues have been declining at an average rate of 38.1% per year. Forbes's return on equity is 11.9%, and it has net margins of 6.9%.
Key information
29.6%
Earnings growth rate
29.5%
EPS growth rate
| Consumer Durables Industry Growth | 18.9% |
| Revenue growth rate | -38.1% |
| Return on equity | 11.9% |
| Net Margin | 6.9% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Forbes makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 4,520 | 311 | 1,560 | 0 |
| 30 Sep 23 | 4,406 | 162 | 1,558 | 0 |
| 30 Jun 23 | 4,269 | 620 | 1,510 | 0 |
| 31 Mar 23 | 4,420 | 1,915 | 1,543 | 0 |
| 31 Dec 22 | 4,565 | -701 | 1,591 | 0 |
| 30 Sep 22 | -6,632 | -696 | -692 | 0 |
| 30 Jun 22 | 5,065 | -1,683 | 1,687 | 0 |
| 31 Mar 22 | 5,147 | -3,226 | 1,759 | 0 |
| 31 Dec 21 | 30,751 | -797 | 5,989 | 0 |
| 30 Sep 21 | 30,794 | -727 | 5,998 | 0 |
| 30 Jun 21 | 29,842 | -277 | 5,998 | 0 |
| 31 Mar 21 | 9,324 | -512 | 2,193 | 0 |
| 31 Dec 20 | 24,117 | -2,037 | 6,435 | 0 |
| 30 Sep 20 | 24,122 | -2,139 | 6,653 | 0 |
| 30 Jun 20 | 24,657 | -3,740 | 6,908 | 0 |
| 31 Mar 20 | 27,308 | -3,214 | 7,110 | 0 |
| 31 Dec 19 | 28,514 | -1,659 | 7,090 | 0 |
| 30 Sep 19 | 28,671 | -1,164 | 7,669 | 0 |
| 30 Jun 19 | 28,868 | 238 | 7,708 | 0 |
| 31 Mar 19 | 28,533 | 70 | 7,165 | 0 |
| 31 Mar 18 | 28,225 | -194 | 7,773 | 0 |
| 31 Mar 17 | 29,986 | 845 | 7,776 | 0 |
| 31 Mar 16 | 31,999 | -586 | 7,828 | 0 |
| 31 Mar 15 | 35,461 | 314 | 11,443 | 0 |
| 31 Mar 14 | 30,672 | 383 | 11,445 | 0 |
Quality Earnings: 502865 has a large one-off gain of ₹2.2B impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: 502865 became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 502865 has become profitable over the past 5 years, growing earnings by 29.6% per year.
Accelerating Growth: 502865 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 502865 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Durables industry (5.6%).
Return on Equity
High ROE: 502865's Return on Equity (11.9%) is considered low.