Religare Enterprises Limited FY26 consolidated revenue at INR 8,493.84 crore; Strategic initiatives to accelerate momentum in FY27

New Delhi, India, May 12: The Board of Directors of Religare Enterprises Limited (REL or the ‘Company’) today approved the audited financial results for the quarter and year ended 31^st March 2026. FY26 performance was marked by disciplined financial management, prudent capital allocation, and a continued focus on strengthening operational efficiency across core businesses.  

Consolidated Financial Highlights

• FY26 Revenue grew 14.7% to ₹8,493.84 crore vs ₹7,405.47 crore in FY25
• FY26 PAT at ₹73.16 crore vs ₹182.75 crore in FY25
• Q4 FY26 Revenue grew 20.66% YoY to ₹2,473.3 crore vs ₹2049.82 crore in Q4 FY25
• Q4 FY26 PAT at ₹95.65 crore vs ₹150.72 crore in Q4 FY25

Commenting on the Company’s performance and strategic developments, Mr. Arjun Lamba, Executive Director, REL, said, “We are putting in place a solid foundation across all our operating businesses. Each entity now has leadership who come from reputed financial services institutions and bring vast experience with them. Going forward, you will see more such talent joining us. Our intent is to empower and incentivise these teams to build businesses that are profitable, scalable and sustainable over the long term.”

Business Highlights

Key Leadership appointments

• Re-designation of Mr. Arjun Lamba from Non-Executive Director to Whole-Time Director and Executive Director of REL
• Re-designation of Mr. Pratul Gupta as Chief Financial Officer of REL
• Appointment of Mr. Babu Rao as Group General Counsel and Chief Compliance Officer, previously at Bajaj Finance
• Appointment of Mr. Indranil Choudhury as Group Chief Human Resources Officer, previously at UTI Mutual Fund 

These significant leadership enhancements underscore the Board’s commitment to professional management and operational excellence across its businesses.

Care Health Insurance Limited (CHIL)

• Gross written premium¹ grew by 24% YoY to ₹11,417¹ crore in FY26
• Profitability has improved by 38% to ₹539¹ crore
• Retail market share increased from 18.8% in FY25 to 19.7% in FY26 in SAHI category
• Combined ratio¹ at 98.9% in FY26; Solvency ratio strong at 1.68² as of 31^st March 2026
• Credit rating upgraded to ‘IND AA-’ from ‘IND A+’
• Elevation of Mr. Ajay Kumar Shah to Managing Director & Chief Executive Officer and Mr. Manish Vishnu Dodeja joining the Board of CHIL as Executive Director 

Religare Broking Limited (RBL)

• Average Daily Turnover (ADTO) increased for the quarter ended March 2026 to ₹12,161 crore in FY26; Assets under Custody at ₹38,745 crore as of 31^st March 2026
• Client funding book expanded 75% YoY to ₹275.5 crore in FY26 boosting interest income and deepening client engagement
• Credit rating upgraded to ‘CARE BBB+; Stable’ from ‘CARE BBB’ (LT) and to ‘CARE A2’ from ‘CARE A3+’ (ST)
• Fresh capital to aid the company plans moving ahead
• The appointment of Mr. Vijay Kumar Goel as Managing Director of Religare Broking Limited. Mr. Goel spent over 14 years with the Motilal Oswal Group, where he served as Managing Director and Chief Executive Officer across its broking and distribution, private wealth management, and home finance businesses at different stages 

Religare Finvest Limited (RFL)

• Strengthened balance sheet with net worth of ₹898.8 crore and 261.9% CRAR as of 31^st March 2026 following RBI’s removal of the Corrective Action Plan (CAP) restrictions and withdrawal of fraud classification by banks 
• Debt-free; strong liquidity profile with cash balance, including liquid investment of ~₹591 crore as of 31^st March 2026
• Strong operations demonstrated by robust collection efficiency at ~98% and NNPA at 0.8% as of 31^st March 2026
• The NBFC business is set to restart operations post RBI CAP removal, and with strengthened leadership of Mr. Karthik Srinivasan taking over as Chief Executive Officer of Religare Finvest Limited. He spent the last decade at HDB Financial Services in building the Consumer Finance and Asset Finance portfolio spanning several products and growing them at scale 

Religare Housing Development Finance Corporation Limited (RHDFCL)

• Well capitalized balance sheet with a net worth of ₹185.56 crore and 130% CRAR as of 31^st March 2026
• Stable asset quality reflected in GNPA of ~3.5% and NNPA of ~2.5% as of 31^st March 2026 and a healthy collection efficiency of 101%
• Assets Under Management at ₹243 crore with a consistent portfolio yield at 15.3% as of 31^st March 2026
• Long-term rating for bank facilities upgraded to ‘CARE BBB-’ and ‘ICRA BBB-’ 
• Fresh capital and a renewed business approach
• The leadership has been stabilised with the appointment of Mr. Pankaj Rathi as Executive Director & CFO of RHDFCL. He was previously the CFO of Grihum Housing Finance Limited where he led the finance function through two complex ownership transitions from Magma Housing to Poonawalla Housing, and subsequently to Grihum Housing Finance

Commenting on the Group’s financial performance, Mr. Pratul Gupta, Chief Financial Officer, REL, said, “FY26 reflects steady operational progress across all four businesses. Our broking business continued to build momentum with strong growth in ADTO, while the MSME lending arm is now well positioned to resume and scale its business. Health insurance continued to gain market share, and housing finance has stabilised with renewed strategic focus. The strategic capital raise, reconstituted Board, and leadership appointments underscore the long-term vision and commitment of the new promoters. As we progress with the demerger plans, each business is being positioned on a stronger operational and financial footing for future growth.”