Religare Enterprises Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
RELIGARE · price
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Religare Enterprises reported a standalone net loss of Rs. 3,379.87 lakhs for FY2026, marginally improved from Rs. 3,754.28 lakhs loss in FY2025. Total income declined sharply to Rs. 1,644.09 lakhs from Rs. 4,182.01 lakhs in the prior year. The auditors issued an un-modified opinion, but drew attention to an Emphasis of Matter regarding ongoing income tax litigation with a demand of Rs. 10,853 lakhs (including interest) for Assessment Year 2017-18. The company completed a Rs. 1,500 crore warrant issuance (partially converted to equity) and undertook a governance review across subsidiaries. A demerger scheme to transfer financial services business to Religare Finvest Limited has been approved and is awaiting regulatory approvals. The company remains a NBFC-Middle Layer and continues to be barred from declaring dividends.
The company continues to burn cash with negative operating cashflow of Rs. 10,224 lakhs, though financing activities (warrant issuance) provided a Rs. 37,327 lakh inflow. The Rs. 10,853 lakh tax demand remains a significant contingent liability. Losses persist across most business segments.