Document Overview

This document is an investor presentation filed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, detailing the operational and financial performance of Religare Enterprises Limited and its subsidiaries for the quarter ended June 30, 2026 (Q1 FY27).

Key Event Disclosure

The company disclosed that it received a communication from the Reserve Bank of India (RBI) on August 6, 2026. Religare Enterprises Limited (REL) and Religare Finvest Limited (RFL) shall engage with the regulator and provide further clarifications as may be required. A demerger update was also mentioned as part of the key takeaways.

Consolidated Financial Performance (Q1 FY27)

Total Income: ₹2,358.43 crore

Total Expenses: ₹2,435.13 crore

Profit/(Loss) Before Tax: (₹76.73) crore loss

Income Tax Expense/(Credit): (₹29.75) crore credit

Net Profit/(Loss) for the period: (₹46.98) crore loss

Comparative Performance:

  • Q1 FY26: Net Profit of ₹8.12 crore
  • Q4 FY26: Net Profit of ₹95.65 crore
  • FY26: Net Profit of ₹73.16 crore
  • FY25: Net Profit of ₹182.75 crore

Segment Reporting (Consolidated - Q1 FY27)

Insurance Segment:

  • Revenue: ₹2,229.74 crore
  • Segment Performance: (₹87.26) crore loss
  • Assets: ₹12,822.04 crore
  • Liabilities: ₹10,070.69 crore

Financial Services Segment:

  • Revenue: ₹133.13 crore
  • Segment Performance: ₹13.27 crore profit
  • Assets: ₹2,433.51 crore
  • Liabilities: ₹1,018.92 crore

Unallocated:

  • Revenue: ₹1.33 crore
  • Segment Performance: (₹2.74) crore loss

Standalone Financial Performance (REL)

Total Income: ₹4.38 crore

Total Expenses: ₹14.00 crore

Profit/(Loss) Before Tax: (₹9.62) crore loss

Total tax expense: ₹0

Net Profit/(Loss) after tax: (₹9.62) crore loss

Subsidiary Performance Highlights

Religare Broking Limited (RBL)

Q1 FY27 Performance:

  • Total Income: ₹99.5 crore (+7% YoY)
  • Brokerage: ₹47.3 crore (+13% YoY)
  • Interest Income: ₹29.8 crore (+28% YoY)
  • Profit Before Tax: ₹10.0 crore (+53% YoY)
  • Profit After Tax: ₹7.5 crore (+65% YoY)
  • Client Debit Book: +78% YoY growth

Religare Finvest Limited (RFL)

Q1 FY27 Performance:

  • Interest Income: ₹13.6 crore
  • Net Interest Income: ₹13.5 crore
  • Net Total Income: ₹14.2 crore
  • Profit after tax: ₹15.1 crore

Religare Housing Development Finance Corporation Limited (RHDFCL)

Q1 FY27 Performance:

  • Net Interest Income: ₹6.69 crore
  • Total Income: ₹7.43 crore
  • Profit/(Loss) After Tax: (₹5.00) crore loss
  • Total Comprehensive Income: (₹5.24) crore loss

Care Health Insurance Limited (Care)

Q1 FY27 Performance (Ind AS):

  • Gross Written Premium: ₹3,247 crore (without 1/n basis)
  • Insurance revenue: ₹2,947 crore
  • Profit Before Tax: ₹163 crore
  • Profit After Tax: ₹122 crore
  • Claims Ratio: 68.2%
  • Expense Ratio: 34.5%
  • Combined Insurance Service Ratio: 102.7%
  • Investment Income: ₹246 crore
  • Assets Under Management: ₹11,751 crore
  • Solvency Ratio: 1.58

Investment Portfolio:

  • 95% of debt portfolio rated AAA/Government Securities
  • MTM profit of Equity Investment: ₹11 crore
  • MTM profit of Non-Equity investments: ₹82 crore
  • Yield on Investment (Annualized): 7.1%

Key Leadership Appointments

The presentation highlighted strengthened leadership across businesses:

  • Mr. Arjun Lamba - Managing Director, Religare Enterprises Ltd.
  • Mr. Ajay Kumar Shah - Managing Director & CEO, Care Health Insurance Ltd.
  • Mr. Manish Vishnu Dodeja - Executive Director, Care Health Insurance Ltd.
  • Mr. Srinivasan Karthik - Managing Director & CEO, Religare Finvest Ltd.
  • Mr. Pavan Kumar Gupta - Managing Director & CEO, Religare Housing Development Finance Corporation Ltd.
  • Mr. Pankaj Rathi - Whole Time Director & CFO, Religare Housing Development Finance Corporation Ltd.