What was Religare Enterprises's revenue in Q3 FY26?

Religare Enterprises reported revenue of ₹2,068 Cr in Q3 FY26, a +23.8% change year-over-year.

Did Religare Enterprises management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Religare Enterprises Q3 FY26 Research Workspace: Revenue ₹2,068 Cr (+23.8%)

Revenue ₹2,068 Cr +23.8%

EBITDA —

PAT ₹-77 Cr

EBITDA Margin —

Duration 90 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Religare Enterprises reported consolidated total income of ₹2,067.9 crore for Q3 FY26, up 23.8% YoY, driven by strong performance in the insurance segment. Care Health Insurance saw retail health premium grow 41% YoY on a full premium basis, with market share expanding to 11.4%. The group absorbed one-time provisions for past service liabilities under the new labor code, impacting profitability. The broking business grew revenue 12% YoY to ₹91 crore, while the NBFC and housing finance segments remain in recovery mode. Management announced a demerger of financial services into RFL, expected to complete by Q1 FY28, aiming to unlock value. Risks include delayed restart of lending operations and uncertainty around the LVB deposit recovery case.

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Research workspace

Focused Modules

!Risks 4 risks

Risk Intelligence

Delayed restart of lending business at RFL

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Quarter Snapshot

Care Health Insurance retail health premium growth (proprietary channel) 41%

+41% YoY

Retail health premium from proprietary channel grew 41% YoY in Q3 FY26.

Care Health Insurance combined ratio improvement (YTD) 110 bps improvement

-110 bps YoY

Combined ratio improved by 110 basis points on a YTD basis.

Broking client debit book (MTF) ₹317 crore

+93% YoY

Client debit book grew 93% YoY to ₹317 crore.

Care Health Insurance market share in retail health (private players) 11.4%

+0.5pp YoY

Retail health market share among private players increased to 11.4%.

Fast read

Guidance and risk preview

Top guidance Demerger of financial services into RFL to be completed by Q1 FY28

The demerger of financial services business into RFL is expected to be completed in 15-18 months, i.e., by Q1 FY28.

Top risk Delayed restart of lending business at RFL

Management could not provide a timeline for restarting lending operations, citing leadership hiring still in progress.