Religare Enterprises Reports Rs 47 Cr Loss in Q1

New Delhi: Burman family-backed Religare Enterprises Ltd (REL) on Wednesday posted a consolidated loss of Rs 47 crore for the first quarter of the current financial year due to higher expenses.

In contrast, the company had earned a profit of Rs 8 crore in the corresponding period of the last financial year.

Its total income increased to Rs 2,358 crore during the quarter under review against Rs 1,876 crore a year ago, Religare Enterprises said in a regulatory filing.

However, total expenses stood at Rs 2,435 crore at the end of the first quarter.

During the quarter, Care Health Insurance raised Rs 150 crore through a rights issue in June 2026, it said, adding that parent entity REL’s subscription stood at Rs 119.68 crore.

Last week, Religare Enterprises had said the Reserve Bank rejected its demerger proposal even as it received a nod from the exchanges.

The company has received a letter dated August 6, 2026, from the RBI, conveying that the application has been examined and that the request has not been acceded to, Religare had said.

Religare Enterprises had in February approved a plan to demerge its financial services and insurance businesses into two separately listed entities, a move aimed at unlocking shareholder value and sharpening strategic focus.

Under the proposed scheme of arrangement, REL will retain its stake in Care Health Insurance Ltd, which will continue as an insurance-focused entity.

As per the scheme, the financial services business, comprising lending, broking, investment activities and related support services, will be transferred on a going-concern basis to its subsidiary Religare Finvest Ltd (RFL).

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