Religare Enterprises Limited reported a transformative FY26, marked by a consolidated total income of INR 8,493 crores and significant progress in its core business segments. The company saw robust performance in health insurance, strengthened its leadership team, and initiated a strategic demerger to create two focused entities. With a refreshed board and increased promoter commitment, Religare is positioning itself for a scalable and sustainable growth trajectory across its insurance, broking, and lending businesses.
Consolidated Financial Performance
Religare Enterprises concluded the fiscal year 2026 with a total income of INR 8,493 crores, compared to INR 7,405 crores in the previous year. The company reported a profit after tax (PAT) of INR 73.16 crores for the year. The group has focused on streamlining its structure and bolstering capital, with the Burman Group demonstrating strong commitment through a preferential rights issue and increased shareholding, which currently stands at approximately 30.3%.
Health Insurance Segment Milestones
Care Health Insurance, a key subsidiary, achieved significant milestones, crossing the INR 10,000 crore top-line mark with a gross written premium (GWP) of INR 11,417 crores, reflecting a 24% annual growth. The segment’s profit before tax grew by 55% under Ind AS, excluding mark-to-market impacts. The company maintains a strong market share of 6.7% in the industry and 22% within the SAHI segment, supported by a 97% claim settlement ratio.
Financial Services and Lending Turnaround
The lending and financial services businesses have shown a strong turnaround trajectory. Religare Finvest Limited (RFL) reported a full-year PAT of INR 139 crores, driven by improved recovery and collection efficiency of approximately 98%. The NNPA stands at a stable 0.8% with a robust capital adequacy ratio (CRAR) of 261%. Religare Broking also showcased resilience, with a 79% Y-o-Y growth in Q4 profit before tax, reaching INR 12.9 crores.
Strategic Demerger and Future Roadmap
Religare is executing a demerger scheme to separate its lending, broking, and ancillary services from its health insurance business. Upon completion, REL will function as a pure-play health insurance holding company, while RFL will emerge as an integrated financial services platform. Leadership has been strengthened across all subsidiaries, and the company is prioritizing technology-led growth, digital transformation, and the expansion of its product suite to build a sustainable, future-ready organization.
Source: BSE
