Religare Enterprises has announced its audited financial results for the quarter and financial year ended March 31, 2026. Following a Board meeting on May 12, 2026, the company approved the standalone and consolidated results. Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company subsequently published its audited standalone and consolidated financial results in the editions dated May 13, 2026 of Financial Express (English Daily) and Jansatta (Hindi Daily). The earnings call to discuss these operational and financial highlights was scheduled for May 13, 2026, at 04:00 PM IST.

Consolidated Financial Performance

For the quarter ended March 31, 2026, Religare Enterprises reported consolidated revenue from operations of Rs. 2,467.42 Cr, compared to Rs. 2,041.86 Cr in the year-ago period. The consolidated net profit for Q4 FY26 stood at Rs. 87.26 Cr, against Rs. 243.30 Cr in the corresponding quarter of the previous year. For the full year FY26, consolidated total income was Rs. 8,459.36 Cr against total expenses of Rs. 8,372.10 Cr, resulting in a full-year consolidated net profit of Rs. 87.26 Cr.

On a standalone basis, the company reported a Net Loss of Rs. 12.36 Cr for Q4 FY26 and a Net Loss of Rs. 33.92 Cr for FY26.

The following table summarises the key consolidated and standalone financial metrics:

Subsidiary Highlights

Care Health Insurance reported a Gross Written Premium (GWP) of Rs. 11,417 Cr for FY26, up 24% y-o-y, with a Profit Before Tax of Rs. 539 Cr. Religare Finvest Limited (RFL) reported a PAT of Rs. 138.8 Cr in FY26, a significant increase from Rs. 24 Cr in FY25, driven by improved recoveries and a CRAR of 261.9%. Religare Broking Limited (RBL) reported a total income of Rs. 373.4 Cr and a PAT of Rs. 23.1 Cr for FY26.

Key Corporate Developments

During FY26, the company allotted 19,85,816 shares at Rs. 235 per share on conversion of share warrants into equity shares, and also allotted 2,51,000 equity shares pursuant to exercise of stock options under the REL ESOP Scheme 2019. The Board approved a Scheme of Arrangement for the demerger of the financial services business of REL to Religare Finvest Limited (RFL), subject to regulatory approvals. The Reserve Bank of India withdrew all restrictions imposed under the Corrective Action Plan (CAP) on RFL with immediate effect in July 2025.

Regulatory Disclosure

In compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Religare Enterprises published its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026 in the May 13, 2026 editions of Financial Express (English Daily) and Jansatta (Hindi Daily). The filing was signed by Anuj Jain, Company Secretary & Compliance Officer.

Religare Enterprises Limited has announced the surrender of the license of its wholly owned subsidiary, MIC Insurance Web Aggregator Private Limited (MIC), along with the consequent closure of MIC's business operations. The decision was approved by the company's Board of Directors at a meeting held on May 12, 2026, with the board convening at 05:50 P.M. and concluding at 06:50 P.M.

Background and Board Decision

The development follows a prior board resolution passed on February 26, 2025, wherein the Board of Directors had approved the suspension of MIC's operations on a temporary basis, pending re-evaluation of the feasibility of its business model. At the May 12, 2026 board meeting, the board evaluated the current situation and accorded its approval for the formal surrender of MIC's license with the Insurance Regulatory and Development Authority of India (IRDAI) and the closure of its business operations.

Key Details of the Development

The following table summarises the key parameters of this corporate development:

Financial and Operational Impact

Religare Enterprises has clarified that MIC carries nil contribution to the company's turnover and only a negligible contribution to its net worth. As a result, the surrender of the license and closure of operations is stated to have no material impact on the financials of the company. The company has further confirmed that MIC does not have any liabilities as of the date of the announcement to any of its customers or any other person or entity. Customers are also stated to face no impact consequent to the surrender of MIC's license with IRDAI.

Disclosure and Compliance

The announcement was made under Regulation 30 and submitted to both the National Stock Exchange of India Ltd and BSE Limited as part of the company's regulatory disclosure obligations. The communication was signed by Anuj Jain, Company Secretary and Compliance Officer of Religare Enterprises Limited.