Result Summary

• Religare Enterprises Ltd reported a 0.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 9.2%.
• Its expenses for the quarter were up by 10.8% QoQ and 11.1% YoY.
• The net profit decreased 95.5% QoQ and decreased 69.5% YoY.
• The earnings per share (EPS) of Religare Enterprises Ltd stood at 0.3 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Quarterly Financial Report: Religare Enterprises Ltd

Company Overview

Religare Enterprises Ltd is a prominent player in the Indian financial services sector, offering a diverse range of services including insurance, wealth management, and financial advisory. As of the latest data available, the company operates through its various subsidiaries and joint ventures to provide these services to a broad client base across the country. While there is no specific recent major development noted within the provided data, Religare Enterprises Ltd is known for its efforts to expand its footprint in the financial services industry through strategic partnerships and innovative product offerings. The company's operations are primarily focused in India, catering to both retail and institutional clients.

Revenue

In the first quarter of the fiscal year 2026 (Q1FY26), Religare Enterprises Ltd reported a total income of ₹1,871.69 crores. This represents a slight decrease of 0.1% compared to the previous quarter (Q4FY25), where the total income was ₹1,874.48 crores. However, on a year-over-year basis, the total income increased by 9.2% from ₹1,714.43 crores in Q1FY25. This growth in total income over the year indicates an increase in the company's revenue generation capabilities. The revenue figures reflect the company's ability to maintain a stable income stream despite fluctuations in the quarterly performance.

Profitability

The profitability metrics for Religare Enterprises Ltd in Q1FY26 show a notable decrease compared to the previous quarter and the same quarter last year. The profit before tax for Q1FY26 was ₹5.73 crores, a significant reduction of 97.6% from ₹236.41 crores in Q4FY25, and an 82.5% decrease from ₹32.66 crores in Q1FY25. The tax expense for Q1FY26 was recorded as negative ₹2.44 crores, contrasting sharply with the previous quarter's tax expense of ₹55.45 crores and last year's Q1 tax of ₹5.85 crores. Consequently, the profit after tax for Q1FY26 was ₹8.17 crores, showing a substantial decline of 95.5% quarter-over-quarter and 69.5% year-over-year. The earnings per share (EPS) also experienced a decrease, recorded at ₹0.30 in Q1FY26, down from ₹3.80 in Q4FY25 and ₹0.50 in Q1FY25.

Operating Metrics

The operational costs of Religare Enterprises Ltd increased in Q1FY26, with total expenses reported at ₹1,885.30 crores. This marks a 10.8% rise from the previous quarter's expenses of ₹1,701.90 crores and an 11.1% increase from ₹1,696.31 crores in Q1FY25. The rise in expenses could be attributed to various factors such as increased operational costs, strategic investments, or market conditions impacting the financial services sector. Despite the increase in total income, the higher growth rate in total expenses has impacted the company's overall profitability metrics. The earnings per share have also been affected, decreasing significantly both on a quarterly and yearly basis.