Religare Enterprises Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
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Religare Enterprises' Board approved audited standalone and consolidated financial results for Q4 and FY25 on May 20, 2025. On a standalone basis, the net loss narrowed significantly to Rs. 3,754.28 lakhs in FY25 from Rs. 6,535.37 lakhs in FY24, though the company remained loss-making. On a consolidated basis, the group reported a net profit of Rs. 23,640.82 lakhs in FY25 versus Rs. 21,734.94 lakhs in FY24, supported by an exceptional item of Rs. 22,211.14 lakhs from a One Time Settlement (OTS) that allowed certain liabilities to be written back. Total consolidated revenue grew around 18.6% YoY to Rs. 7,39,865.62 lakhs, while standalone total revenue grew roughly 65.7% to Rs. 4,182.01 lakhs. The statutory auditor J.C. Bhalla & Co. issued an unmodified opinion but flagged an emphasis of matter on ongoing income tax litigations (demand of about Rs. 10,853 lakhs). The report also notes a change of statutory auditor from M/s S.P. Chopra & Co. to J.C. Bhalla & Co. during the year.
For shareholders, the consolidated swing to profitability is encouraging but is materially aided by a one-time OTS-driven exceptional gain rather than steady core earnings, while the standalone entity continues to post losses and remains barred by the RBI from declaring dividends. Near-term overhangs include pending tax litigation, the recently completed change of control to the Burman Group, and an ongoing external governance review that could surface further financial impacts.