Religare Enterprises Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Religare Enterprises reported consolidated revenue of INR2,358 crore for Q1 FY27, up 26% year-on-year, with a consolidated net loss of INR46.9 crore driven by differing reporting standards between Ind AS segments. Care Health Insurance grew gross written premium 37% year-on-year and raised INR150 crore via rights issue plus INR200 crore of sub-debt, while Religare Broking's profit before tax rose 53% and Religare Finvest and Religare Housing Finance remained in a rebuilding phase with new leadership. Management disclosed that the Reserve Bank of India had not acceded to the company's demerger application and said it is engaging with the regulator on next steps.
Religare Enterprises reported consolidated total income of Rs 8,493 crore and PAT of Rs 73.16 crore for FY26, with Care Health Insurance contributing GWP of Rs 11,417 crore and PBT of Rs 539 crore on an n basis. Management described a demerger under which REL's lending, broking and financial services will move to Religare Finvest while REL becomes a pure-play health insurance holding company, with shareholders to receive one RFL share for every REL share held. New CEOs were introduced across Care Health Insurance, Religare Finvest, Religare Broking and Religare Housing Finance during the year.