Religare Enterprises Limited – Investor Presentation Summary
Key Operational Highlights
- Care Health Insurance Limited reported Gross Written Premium (GWP) of ₹6,400 crore in H1 FY27, representing 40.6% YoY growth
- Religare Broking Limited serves approximately 2.3 lakh active customers with a strong digital ecosystem including Dynami, Religare Online, and LEAP platforms
- Religare Finvest Limited resumed lending operations on November 6, 2026, offering loan against property, business loans, and used car loans
- Religare Broking Limited showed 51% YoY growth in client debit book and maintains a strong E-Gov Franchisee of 64k
Segment-wise Performance
Insurance Segment (Primarily Care Health Insurance):
- Q2 FY27 Revenue: ₹2,240.94 crore
- H1 FY27 Revenue: ₹4,439.02 crore
- Q2 FY27 Segment Performance: Loss of ₹158.19 crore
- H1 FY27 Segment Performance: Loss of ₹245.45 crore
Financial Services Segment:
- Q2 FY27 Revenue: ₹154.28 crore
- H1 FY27 Revenue: ₹287.41 crore
- Q2 FY27 Segment Performance: Profit of ₹37.29 crore
- H1 FY27 Segment Performance: Profit of ₹50.56 crore
Financial Highlights
Consolidated Performance (REL):
- H1 FY27 Total Income: ₹4,716.52 crore
- H1 FY27 Net Loss: ₹144.67 crore
- Q2 FY27 Total Income: ₹2,389.75 crore
- Q2 FY27 Net Loss: ₹97.69 crore
- Finance Costs: ₹36.09 crore (H1 FY27), ₹21.08 crore (Q2 FY27)
- Employee Benefit Expenses: ₹662.06 crore (H1 FY27), ₹337.59 crore (Q2 FY27)
Standalone Performance (REL):
- H1 FY27 Total Income: ₹7.57 crore
- H1 FY27 Net Loss: ₹23.05 crore
- Q2 FY27 Total Income: ₹3.18 crore
- Q2 FY27 Net Loss: ₹13.45 crore
Religare Broking Limited Financials
- H1 FY27 Total Income: ₹197.1 crore (7% YoY growth)
- H1 FY27 PBT: ₹13.0 crore (29% YoY growth)
- H1 FY27 PAT: ₹9.7 crore
- Q2 FY27 Brokerage: ₹44.7 crore
- Q2 FY27 Interest Income: ₹32.5 crore (22% YoY growth)
- Raised ₹100 crore through Rights Issue from Parent Company in August 2026
- CRISIL Ratings upgrade: Long-Term to CRISIL BBB+/Stable, Short-Term to CRISIL A2+
Religare Finvest Limited Financials
- Tangible Net Worth: ₹962.6 crore (as of September 30, 2026)
- Cash and Liquid Investments: ₹660.0 crore
- Capital Adequacy (CRAR): 231.8%
- H1 FY27 Net Total Income: ₹58.7 crore
- H1 FY27 Profit After Tax: ₹64.5 crore
- Q2 FY27 Interest Income: ₹39.3 crore
Religare Housing Development Finance Corporation Limited Financials
- H1 FY27 Total Income: ₹14.39 crore
- H1 FY27 Loss After Tax: ₹13.35 crore
- Q2 FY27 Interest Income: ₹7.44 crore
- Portfolio LTV: 54% (for cases outstanding as of Q2 FY27)
Care Health Insurance Limited Performance
H1 FY27 Key Metrics:
- Gross Written Premium (GWP): ₹6,400 crore (40.6% YoY growth)
- Retail Health GWP: ₹4,049 crore (50.7% YoY growth)
- Claims Ratio: 66.1%
- Expense Ratio: 34.4%
- Combined Insurance Service Ratio: 100.5%
- Return on average equity (PBT): 12.1%
- Assets Under Management: ₹12,897 crore
- Solvency Ratio: 1.55
- Yield on Investment (Annualized): 7.1%
Investment Portfolio:
- 95% of debt portfolio rated AAA/Government Securities
- AUM registered CAGR >30% over past 5 years
Balance Sheet Snapshot (Consolidated)
- Total Assets: ₹16,267.50 crore
- Total Liabilities: ₹12,331.70 crore
- Insurance Segment Assets: ₹13,781.99 crore
- Insurance Segment Liabilities: ₹11,278.51 crore
- Financial Services Segment Assets: ₹2,456.14 crore
- Financial Services Segment Liabilities: ₹948.94 crore
Strategic & Digital Initiatives
Care Health Insurance Digital Transformation:
- Building seamless, digital-first healthcare experience
- Customer app: "One App. Whole Health" providing comprehensive health management
Religare Finvest Restart Strategy:
- Secured-first retail lending approach with collateral-backed, granular portfolio
- Tech-led underwriting with branch-led relationships
- Opened three branches in three days, disbursed first loan on day four of operations
Management & Board Overview
Board of Directors:
- Dr. Anand Chand Burman - Non-Executive and Non-Independent Director, Chairman Emeritus of Dabur India
- Mr. Mohit Burman - Independent Director, Chairman of Dabur India
- Mr. Aditya Chand Burman - Non-Executive and Non-Independent Director
- Mr. Jimeet Vipul Modi - Non-Executive and Non-Independent Director, Founder and Group CEO of SAMCO Group