Summary of Key Information:
Reporting Period (Quarter/Year): Quarter Ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results and Management Re-designation
Audit Opinion:
Limited Review Report - No modifications to conclusion. Emphasis of Matter regarding ongoing income tax litigations and related tax demands.
Key Financial Highlights [Amount in Rs Lakhs]:
Standalone Results:
Revenue from Operations: ₹251.68 lakhs (Q1 FY27) vs ₹24.01 lakhs (Q1 FY26) - Significant improvement
Total Income: ₹438.17 lakhs (Q1 FY27) vs ₹310.32 lakhs (Q1 FY26)
Net Profit: Loss of ₹961.97 lakhs (Q1 FY27) vs Loss of ₹614.83 lakhs (Q1 FY26)
EPS: (₹0.29) basic and diluted (Q1 FY27) vs (₹0.19) (Q1 FY26)
Consolidated Results:
Revenue from Operations: ₹2,35,339.81 lakhs (Q1 FY27) vs ₹1,87,152.12 lakhs (Q1 FY26) - 26% YoY growth
Total Income: ₹2,35,842.92 lakhs (Q1 FY27) vs ₹1,87,624.63 lakhs (Q1 FY26)
Net Profit: Loss of ₹4,698.25 lakhs (Q1 FY27) vs Profit of ₹812.35 lakhs (Q1 FY26)
EPS: (₹0.78) basic and diluted (Q1 FY27) vs ₹0.31 (Q1 FY26)
Segment-wise Performance:
Standalone Segment Revenue (Q1 FY27):
- Investment & Financing Activities: ₹305.34 lakhs
- Unallocated: ₹132.83 lakhs
Consolidated Segment Revenue (Q1 FY27):
- Insurance: ₹2,22,974.23 lakhs (37% YoY growth in GWP)
- Broking Related Activities: ₹8,433.74 lakhs (7% YoY growth)
- Investment and Financing Activities: ₹3,224.23 lakhs
- E-Governance: ₹1,654.79 lakhs
Corporate Actions:
- Warrant conversion of ₹147 crore (14,705 lakhs) completed in June 2026 for 83,43,263 shares at ₹235 per share
- Company continues to be barred from declaring dividends as per RBI letter issued in December 2019
- Paid-up equity share capital increased to ₹34,123.37 lakhs (34,12,33,742 equity shares of ₹10 each)
Other Significant Information:
- Company subscribed to rights issue of ₹11,968.52 lakhs in subsidiary Care Health Insurance Ltd (CHIL)
- Religare Finvest Limited (RFL) has net worth of ₹914 crore and cash balance of ₹609 crore
- RHDFCL has AUM of ₹247 crore with GNPA at 4.4% and NNPA at 3.3%
- Promoter shareholding increased to 30.56% as of June 30, 2026 through warrant conversion
- CHIL implemented new IRDAI accounting policy affecting premium recognition (1/n basis)
Entities Included in Consolidation:
Wholly-Owned Subsidiaries: Religare Broking Limited, Religare Finvest Limited, MIC Insurance Web Aggregator Private Limited
Subsidiaries: Religare Credit Advisor Private Limited, Religare Care Foundation, Care Health Insurance Limited
Step Down Subsidiaries: Religare Commodities Limited, Religare Digital Solutions Limited, Religare Housing Development Finance Corporation Limited
Joint Venture: IBOF Investment Management Private Limited (not consolidated due to lack of available financials)
Management Changes:
- Mr. Arjun Lamba redesignated as Managing Director (earlier Executive Director) effective August 12, 2026
- Term of five years commencing from April 01, 2026
- Not related to any other Director on the Board