Religare Enterprises Limited (REL) reported a strong financial performance for the fiscal year ended March 31, 2026. The group achieved a 14.7% year-on-year growth in consolidated revenue, reaching ₹8,493.84 crore, primarily driven by the health insurance segment. Despite competitive market conditions, the firm continues to prioritize operational efficiency, disciplined capital allocation, and strategic leadership enhancements to support its long-term growth and demerger objectives.
Financial Performance Overview
For the financial year 2026, Religare Enterprises Limited posted consolidated revenue of ₹8,493.84 crore, up from ₹7,405.47 crore in the previous fiscal year. Consolidated Profit After Tax (PAT) stood at ₹73.16 crore. Performance during the fourth quarter (Jan-Mar) remained robust, with revenue growing 20.66% year-on-year to ₹2,473.3 crore compared to ₹2,049.82 crore in the same period last year.
Segment-Wise Highlights
The Health Insurance business, represented by Care Health Insurance Limited (CHIL), reported a significant gross written premium of ₹11,417 crore, a 24% year-on-year increase, capturing a 19.7% market share in the SAHI category. Additionally, the credit rating for CHIL was upgraded to ‘IND AA-‘.
The Broking arm demonstrated strong momentum with a significant rise in Average Daily Turnover (ADTO), reporting ₹12,161 crore for the quarter ended March 2026. The MSME lending and Housing Finance businesses also showed stabilization, with the latter reporting a healthy collection efficiency of 101% and a well-capitalized net worth of ₹185.56 crore.
Strategic Leadership and Outlook
Religare has focused on strengthening its management team through key appointments, including Mr. Arjun Lamba as Whole-Time Director, Mr. Pratul Gupta as Chief Financial Officer, and new leadership roles for Mr. Babu Rao and Mr. Indranil Choudhury. These changes, alongside a ₹1,500 crore capital raise through convertible warrants, reflect the company’s commitment to professional management. The board is actively advancing demerger plans to position each vertical for sustainable future growth.
Source: BSE
