Religare Strengthens Earnings Momentum

Religare delivers robust Q1 FY27 performance

Arjun Lamba, Managing Director, Religare Enterprises

FinTech BizNews Service

Mumbai, 13 August, 2026: Religare Enterprises Limited (REL) today reported Q1 FY27 results, highlighting continued business momentum and strategic capital deployment across its financial services portfolio. The quarter was marked by robust growth in Care Health Insurance with over 37% growth in Gross Written Premium (GWP).

Commenting on the Company’s performance, Mr. Arjun Lamba, Managing Director, Religare Enterprises Limited said, "Q1 FY27 represents a quarter of deliberate, measured progress wherein we have chosen to build strong foundations over chasing short-term headlines. We have deployed capital across the group, completed our leadership architecture, and elevated governance standards to institutional levels. Every business is well-capitalised and ready to scale."

Business Highlights

Care Health Insurance Limited (CHIL)

• Gross Written Premium grew 37% year-on-year to Rs3247 crore in Q1 FY27(1) .
• Profit Before Tax (PBT) grew 59% YoY and stands at Rs163 crore(2).
• Rights issue of Rs150 crore completed in June 2026; adequate solvency ratio being maintained

Religare Broking Limited (RBL)

• Total Income stood at Rs99.5 crore registering 7% YoY growth, whereas Profit After Tax (PAT) increased by 65% YoY to Rs7.5 crore for Q1 FY27
• Assets Under Custody stood at Rs47,946 crore as of June 30, 2026, while Average Daily Turnover (Cash + Derivatives) stood at Rs11,622 crore.
• Business focus on strengthening platform capabilities and technology investments to support scalable growth.

Religare Finvest Limited (RFL)

• Q1 FY27 Performance saw Total Income at Rs14.4 crore, and a PAT of Rs15.1 crore due to strong recoveries.
• The company has a Net Worth of INR Rs914 crore and a healthy Cash Balance of Rs609 crore which will drive the restart of business.
• Collection Efficiency stood at ~98% with NNPA at 0.8% and CRAR at 238.4%
• Mr. Srinivasan Karthik appointed MD & CEO in May 2026, bringing 30 years of banking and financial services experience. He earlier served as the Chief Business Officer (CBO) at HDB Financial Services Limited.

Religare Housing Development Finance Corporation Limited (RHDFCL)

• Q1 FY27 performance saw Total Income of Rs7.4 crore, and Assets Under Management (AUM) at Rs247 crore.
• Asset Quality stood at 4.4% and 3.3% in terms of GNPA and NNPA respectively, while Capital Adequacy stood at ~121%.
• Mr. Pavan Kumar Gupta appointed MD & CEO (July 1, 2026). He earlier served as the CEO of Muthoot Housing Finance Company Limited.
• Serving 2,800+ customers across 15 branches in 8 states; focus on self-employed and informal segment in semi-urban markets.
• Investment-grade ratings maintained (Long term: ICRA BBB- (Stable); Short term: ICRA A3).

Capital Base Strengthens

• Warrant conversion of Rs147 crore completed in June 2026, strengthening the Company’s liquidity position.
• REL geared up to invest in operating subsidiaries as per their growth path.

"Q1 FY27 demonstrates disciplined operational execution across our portfolio. CHIL achieved 37% GWP growth with improving performance matrices; RBL continues to maintain momentum despite market headwinds; RFL with strong focus on collections is prepared to restart the business with adequate capital. We are executing our growth roadmap with operational rigour. We remain confident in our path to sustainable profitability across each business line", added Mr. Pratul Gupta, Chief Financial Officer, Religare Enterprises Limited.