Religare Enterprises Sees Profit Dip Amid Strategic Shift

Religare Enterprises, backed by the Burman family, has reported a significant drop of nearly 37% in its consolidated net profit for the first quarter of 2026, totaling Rs 95.65 crore. This decline comes despite a sharp rise in total income, which increased by 21% to Rs 2,473.30 crore.

Over the financial year 2025-26, the company saw its net profit fall to Rs 73.16 crore from the previous fiscal year's Rs 183 crore. The firm's total income grew by 15% to Rs 8,494 crore, propelled by strong performance in the health insurance sector and improved operational efficiency.

In an effort to bolster its strategic direction and unlock shareholder value, Religare announced a capital raise of Rs 1,500 crore through a preferential issue of convertible warrants, with investments from the Burman family and other investors. The firm also plans to demerge its financial services and insurance operations into separate entities.

(With inputs from agencies.)