Religare Enterprises Q1 FY27 Results: Net Loss Widens to ₹961.97 Crore
Religare Enterprises reported a net loss of ₹961.97 Crore for Q1 FY27. Total income was ₹438.17 Lakhs and expenses were ₹1,400.14 Lakhs. The company allotted 83.43 Lakhs shares upon warrant conversion. Tax litigations amount to ₹10,853 Lakhs. The proposed demerger into RFL was not acceded to by the RBI.
The substantial net loss and the regulatory setback regarding the demerger are material events that will significantly impact the company's financial performance and strategic direction.
The company reported a significant net loss for the quarter, and the RBI's non-accedence to the proposed demerger adds to the negative sentiment.
Religare Enterprises Limited announced its unaudited standalone financial results for the quarter ended June 30, 2026. The company reported a net loss of ₹961.97 Lakhs (₹961.97 Crore) for the quarter, a significant increase compared to the previous periods. The total income for the quarter stood at ₹438.17 Lakhs, while total expenses amounted to ₹1,400.14 Lakhs, resulting in a loss before tax of ₹961.97 Lakhs.
The company's revenue from operations included Interest Income of ₹166.46 Lakhs and Other Operating Income of ₹54.82 Lakhs. Expenses were largely driven by Employee Benefits Expense at ₹927.45 Lakhs and Other Expenses at ₹395.37 Lakhs.
Segment-wise, Investment & Financing Activities reported a total segment revenue of ₹305.34 Lakhs and a total segment result of a loss of ₹686.83 Lakhs. Within this segment, Lending Activities incurred a loss of ₹300.12 Lakhs, and Braking Activities reported a loss of ₹459.42 Lakhs.
As of June 30, 2026, the company's total assets were ₹2,71,071.98 Lakhs, with total liabilities at ₹10,628.68 Lakhs. The paid-up equity share capital stood at ₹34,123.37 Lakhs.
During the quarter, the company allotted 83,43,263 shares at ₹235 per share upon conversion of share warrants, increasing the paid-up equity capital. The company continues to be barred from declaring dividends as per RBI directives from December 2019.
Significant notes include ongoing income tax litigations with a demand of ₹10,853 Lakhs, which the company views as contingent liabilities with a high chance of a favorable outcome. Additionally, the company is pursuing a demerger of its financial services business into Religare Finvest Limited (RFL), but the RBI has not acceded to the application for this scheme.
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