The Board of Directors of Religare Enterprises Limited met on February 14, 2026, to approve the Unaudited Financial Results for the quarter and nine months ended December 31, 2025. The standalone results showed a Net Loss After Tax of ₹1,131.19 lakhs for the quarter, while the consolidated results indicated a Net Loss After Tax of ₹7,210.71 lakhs for the same period. The accompanying financial statements, both standalone and consolidated, received a Limited Review from the Statutory Auditors.
Religare Enterprises Announces Q3 FY2026 Financial Results
Religare Enterprises Limited announced the outcome of its Board meeting held on February 14, 2026, which concluded at 01:42 P.M. The Board inter-alia approved the Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended December 31, 2025, which were subjected to a Limited Review by the Statutory Auditors.
Standalone Financial Performance (Q3 Ended Dec 31, 2025)
For the quarter ended December 31, 2025, the key standalone figures showed:
- Total Income: ₹238.61 lakhs.
- Total Expenses: ₹1,381.50 lakhs.
- Net Profit/(Loss) After Tax: (₹1,131.19 lakhs).
- Basic Earnings Per Share (EPS): (₹0.34).
For the nine months ended December 31, 2025, the Net Profit/(Loss) After Tax was (₹1,980.11 lakhs).
Consolidated Financial Performance (Q3 Ended Dec 31, 2025)
The consolidated results for the group for the quarter ended December 31, 2025, reflected a significant loss:
- Total Revenue (Income from Operations): ₹2,06,793.41 lakhs.
- Total Expenses: ₹2,17,102.45 lakhs.
- Net Profit/(Loss) After Tax: (₹7,654.02 lakhs).
- Total Comprehensive Income/(Loss) (net of tax): (₹7,210.71 lakhs).
- Basic EPS: (₹1.37).
For the nine months ended December 31, 2025, the Consolidated Net Profit/(Loss) After Tax stood at (₹2,248.79 lakhs), with Total Comprehensive Income/(Loss) at (₹36.13 lakhs).
Segmental Results Highlights (Consolidated)
The segment reporting, realigned based on the management approach, highlighted performance across key verticals. The segment results before tax for the quarter ended December 31, 2025, showed:
- Investment and Financing Activities: (₹3,180.71 lakhs).
- Broking Related Activities: (₹1,216.73 lakhs).
- E-Governance: (₹346.75 lakhs).
- Insurance: (₹6,697.41 lakhs).
The Insurance segment continued to be a major contributor to the consolidated loss for the quarter, posting a loss of (₹6,697.41 lakhs) before tax. The total segment assets for the Group stood at ₹2,58,247.39 lakhs as of December 31, 2025.
Key Notes and Ongoing Matters
The accompanying notes detail several significant corporate and regulatory developments:
- Securities Allotment: The company allotted 1,01,000 equity shares following ESOP exercise and 19,85,816 shares upon conversion of share warrants during the period, increasing paid-up capital to ₹33,274.05 lakhs.
- Preference Share Disputes: Disputes remain active concerning non-redemption of preference shares issued to Oscar Investments Limited and RHC Finance Pvt. Limited, with matters remaining sub-judice.
- Governance Review: A governance review concerning Religare Finvest Limited (RFL) and Religare Housing Development Finance Corporation Limited (RHDFCL) is ongoing.
- Tax Litigation: Ongoing income tax litigation for AY 2017-18 remains classified as a contingent liability, despite a reduction in demand following a rectification order.
- Labour Codes Impact: The implementation of new Labour Codes resulted in an incremental charge of ₹1,546.88 lakhs (Gratuity) and ₹405.28 lakhs (Leave Encashment) to the P&L account due to changes in wage definition.
The auditors emphasized Note 9 regarding ongoing income tax litigations but confirmed that their conclusion on the financial statements was not modified in respect of this matter.
Source: BSE
