Religare Enterprises Ltd

Q4 FY26Finance

Religare Enterprises Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹232

Market cap₹8.6K Cr

P/E99.6

Updated23 Aug 2026

Read4 min read

What the Q4 FY26 call signalled

3 of 4 strong

RevenueRank 2

MarginRank 3

CapexYes

FundraiseYes

Not discussed on this call: order book.

The short version

Care Insurance expects strong growth, having already grown at 24%+, with a projected sustainable growth rate between 18% to 24% over the next 3-4 years, targeting better-than-industry growth. Care Insurance growth expected between 18% to 24% annually, aiming to outperform the industry (Page 18).

From Religare Enterprises Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Rank 2

Care Insurance expects strong growth, having already grown at 24%+, with a projected sustainable growth rate between 18% to 24% over the next 3-4 years, targeting better-than-industry growth.
Religare Finvest Ltd (NBFC) aims to scale up rapidly post-technology stack setup, utilizing its strong capital base (~INR900-1000 crores net worth); current disbursements are low (~INR10 crores/month) but expected to ramp up gradually.
Housing Finance Company focuses on home loans (60-70% of portfolio) with ticket sizes around INR10-15 lakhs, targeting growth primarily in Tier 2 and 3 cities through branch and digital channels.
Religare Broking is engaged in business repair and aims to increase traded clients, improve technology, and ramp up non-broking revenues significantly.
Capital allocation includes INR600 crores for Care, INR250 crores for Housing Finance, INR200 crores for Broking, with balance funds for general corporate needs to support growth initiatives.

Profitability & Margins

Care Insurance growth expected between 18% to 24% annually, aiming to outperform the industry (Page 18).
Care Insurance combined ratio expected to improve from 101.4% to near 100% within 2 years, driven by better operating leverage and renewal cost efficiencies (Page 13).
Profit for Care Insurance potentially reaching INR700 to INR800 crores as combined ratio improves (Page 13).
Religare Finvest (NBFC) already profitable; plan to scale up with excess capital; expected to maintain healthy profitability (Page 18, 13).
Housing Finance Company (HFC) currently loss-making; expected to turn profitable within 12 to 18 months after scaling investments and operational expenses (Page 18).
Broking business is profitable and focused on growth through technology improvements and client reactivation (Page 9).
Overall, ongoing capital infusion and scale-up initiatives across segments aim to drive meaningful business growth and profitability over the medium term (Page 17).

See what Religare Enterprises Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes

Capital infusion of INR 1,500 crores raised at Religare Enterprises (REL) level to fund growth across businesses.
Allocation planned: INR 600 crores to Care (insurance), INR 250 crores to Housing Finance Company (HFC), INR 200 crores to Broking entity; approx. INR 375 crores reserved for general corporate purposes/other needs.
NBFC (Religare Finvest) is well capitalized with INR 900-1,000 crores net worth plus INR 600+ crores cash, requiring no immediate capital.
Housing Finance Company plans to invest in infrastructure expansion, technology, and frontline staff as business scales.
NBFC division preparing to launch multiple products over next few quarters, involving technology platform buildup.
CTO appointments are ongoing for companies to support future growth.
Capex and opex expected for scaling housing finance business over next 12-18 months.
Overall focus on building scalable platforms and accelerating growth across verticals.

Top-ranked in Finance

Ranked on what management guided this quarter

5x potential

1Akiko₹466 Cr

Rev 1Mar 1

2Finkurve Fin.₹1.0K Cr

Rev 1Mar 2

3₹286 Cr

Rev 1Mar 2

4₹39.2K Cr

Rev 1Mar 3

5₹25.6K Cr

Rev 1Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

Religare Enterprises Limited raised INR1,500 crores at the REL (holding company) level to fund growth across its businesses.
Capital allocation from this fundraising: INR600 crores to Care Health Insurance, INR250 crores to Housing Finance Company, INR200 crores to Broking entity, and around INR375 crores reserved for general corporate purposes.
Religare Finvest Limited (NBFC) is well capitalized with about INR900-1,000 crores net worth and INR600+ crores cash, so it does not require additional capital raising currently.
Future capital needs will be assessed and allocated based on business requirements.
No explicit mention of any new debt fundraising.
Promoters have increased stake via open market purchase and upcoming warrant conversions, but no clear guidance on further equity fundraising was provided.

See what Religare Enterprises Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript from the provided pages of Religare Enterprises Limited does not explicitly mention current or expected order book or pending orders for their businesses. The discussion primarily focuses on: - Growth aspirations and financial performance of various business segments (insurance, broking, NBFC, housing finance). - Capital allocation plans for segments such as Care (insurance), housing finance company, broking, and NBFC. - Strategic roadmap and scale-up plans for businesses. - Profitability outlook and timelines, including expected turnaround for housing finance in 12-18 months. - No specific details or figures related to order book or pending orders are disclosed in the document. Hence, there is no concrete information available on current or expected order books or pending orders in the given pages.

Religare Enterprises Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹2.5K Cr, net profit ₹96 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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Frequently Asked Questions

What were Religare Enterprises Ltd Q4 FY26 results?

What is Religare Enterprises Ltd share price analysis?

Religare Enterprises Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 99.6 with a market cap of ₹8,562 Cr. Investors should review the full earnings analysis for detailed insights.

Is Religare Enterprises Ltd planning capital expenditure?

Capital infusion of INR 1,500 crores raised at Religare Enterprises (REL) level to fund growth across businesses. - Allocation planned: INR 600 crores to Care (insurance), INR 250 crores to Housing Finance Company (HFC), INR 200 crores to Broking entity; approx.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.