Religare Enterprise Ltd, incorporated in 1984, is a diversified financial services company with presence all over India, operating through its subsidiaries. The company provides loans to SMEs, Affordable Housing Finance, Health Insurance and Retail Broking. REL’s subsidiaries service over 11 lakh clients from over 1,275 locations having presence in more than 400 cities. Presenting below are its Q1 FY26 earnings results.
Q1 FY26 Earnings Results
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Total Income: ₹1,861 crores, down 8 percent QoQ compared to ₹2,028 crores in Q4 FY25, up 8.9% YoY from ₹1,709 crores in Q1 FY25.
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Total Expenses: ₹1,866 crores, up 2.7% QoQ and 11% YoY.
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Profit Before Tax (PBT): ₹5.73 crores, down sharply 97.6% QoQ from ₹236.41 crores and down 82.5% YoY from ₹32.66 crores.
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Profit After Tax (PAT): ₹8.17 crores, down 94.6% QoQ and down 69.5% YoY.
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Earnings Per Share (EPS): ₹0.31, down 89.6% QoQ and 44% YoY.
Management Commentary & Strategic Decisions
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The company is undergoing strategic realignment focusing on strengthening core financial services such as loans to SMEs, affordable housing, health insurance, and retail broking.
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Management highlighted challenges from rising operational costs that pressured margins this quarter.
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Efforts are focusing on cost control, improving asset quality, and expanding strategic partnerships.
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Board discussions include fund-raising plans and potential preferential allotment to boost capital for expansion.
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Management remains cautiously optimistic about gradual recovery and growth as market conditions stabilize.
Q4 FY25 Earnings Results
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Total Income: ₹2,028 crores, up 9 percent on YoY basis.
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Total Expenses: ₹1,796 crores, down 2 percent from the same quarter, last year
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Profit Before Tax (PBT): ₹236.41 crores
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Profit After Tax (PAT): ₹151.3 crores, depicting a decline of 16 percent on the YoY basis.
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EPS: ₹3 vs ₹3.80 during the same quarter, last year
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.