| Revenue growth | 26% YoY consolidated; Care Health grew 37% in GWP terms. |
|---|---|
| Margins | Care Health combined ratio at 102.6%, aiming for 100% in 2 years. |
| Order book | NBFC/HFC book size ambitions of ₹10,000-15,000 Cr with fresh capital. |
| Demand visibility | Strong structural tailwinds in affordable housing; land-grab moment in health insurance. |
| Management confidence | High in insurance; repairing mode for broking and lending segments. |
Growth
Consolidated revenue up 26%; Broking PBT grew 53% YoY; Care Health GWP grew 37% YoY.
Outlook
Ambitious goal of ₹10,000-15,000 Cr book size for lending; Care aiming for 100% combined ratio in 2 years.
Risks
RBI rejected demerger application; high competitive intensity in health insurance; transition period for lending businesses.
Last quarter's promises, checked
Delivered
- Guided Care GWP growth better than industry → delivered 37% vs 30% (= BEAT)
- Guided Care combined ratio improvement → delivered 120 bps reduction to 101.4% (= BEAT)
- Guided NBFC/Broking profitability → delivered PAT of ₹139 Cr and ₹23 Cr respectively (= BEAT)
Partly delivered
- Guided Care combined ratio near 100% → delivered 102.6% in current call (= PARTIAL)
Missed
- Guided demerger scheme implementation → delivered RBI rejection of application (= MISS)
Earnings Call Transcript filed with BSE, NSE: RELIGARE. Summary written with AI assistance from the document.
Religare Enterprises Ltd: key numbers
- Share price
- ₹225.00
- Market cap
- ₹7,757 Cr
- Revenue (annual)
- ₹8,459 Cr
- Net profit (annual)
- ₹85.96 Cr
- P/E (TTM)
- 334.4×Sector 21.9×
- Promoter holding
- 30.56%+0.29% QoQ
- FII holding
- 9.64%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Religare Enterprises Ltd
All →Religare Enterprises Annual General Meeting
Religare Enterprises Limited held its 42nd Annual General Meeting on September 24, 2026, where members adopted financial statements and approved the re-designation of Mr. Arjun Lamba.
Religare Enterprises Debt & Borrowing: ₹100 Cr
Religare Enterprises' subsidiary, Care Health Insurance Limited, has allotted non-convertible debentures aggregating to ₹100 Crore. These securities will be listed on the NSE.
- Value
- ₹100.0 Cr
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Religare Enterprises Credit Rating
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Religare Enterprises Annual General Meeting
Religare Enterprises Limited has scheduled its 42nd Annual General Meeting for September 24, 2026, to be held via Video Conferencing.