Digital Desk, New Delhi. Burman family-owned Religare Enterprises Limited (REL) has reported a 26% year-on-year growth in total consolidated income in the first quarter (Q1 FY27) of the financial year 2026-27. The company’s consolidated income increased to Rs 2,358.43 crore, compared to Rs 2,358.43 crore in the corresponding quarter of the previous financial year. However, the company suffered a consolidated loss of Rs 46.98 crore during the quarter, compared to a profit of Rs 8.12 crore in Q1 FY26.
According to the company, strong activities were seen in the financial services business during the quarter. Additionally, the company’s performance has been strengthened by continued capital investments in various businesses.
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GWP of Care Health Insurance increased by 37%
Care Health Insurance (CHIL), a member of Religare’s portfolio, performed well during the quarter. The company’s Gross Written Premium (GWP) registered a growth of 37% on an annual basis. Religare said that the key performance indicators of the business are showing continuous improvement.
At the same time, Religare Finvest Limited (RFL) is in a position to revive the business with a strong balance sheet. The company said RFL has adequate capital available and special attention is being given to recovery and collections.
Arjun Lamba became managing director
Religare has also made significant changes in its leadership team. Arjun Lamba has been redesignated the Managing Director (MD) of the company with effect from August 12, 2026. Prior to this he was the Whole Time Director of REL in the role of Executive Director.
In his new role, Lamba will focus on advancing the company’s strategic priorities, strengthening corporate governance, accelerating business transformation initiatives and driving long-term value creation.
Lamba said Q1 FY27 was a quarter of thoughtful and planned growth for the company. According to him, the company has given priority to building a strong business foundation rather than short-term results. The leadership structure and governance standards have been strengthened with capital investment at the group level.
Promoter stake increased to 30.56%
According to Religare, promoter stake in the company increased to 30.56% by June 30, 2026, following conversion of warrants worth Rs 147 crore due in June 2026. The company said this has strengthened its capital and liquidity position.
REL CFO Pratul Gupta said Q1 FY27 witnessed disciplined operating performance across the portfolio. CHIL recorded 37% GWP growth, while RBL maintained its momentum despite challenging market conditions. RFL is also poised to revitalize the business with strong capital and focus on collections.
The company said it will continue to invest in its operating subsidiaries in line with their growth needs and will remain focused on achieving long-term, sustainable profitability with operational strength.