Religare Enterprises Ltd., an integrated financial services group of India, reported consolidated loss for the fourth-quarter, despite increase in income. On a stand-alone basis, the net loss for the quarter widened from last year.
Consolidated Results
The New Delhi-based company posted a fourth-quarter consolidated net loss, after minority interest and share of associates, of Rs.647.85 crore, compared with a net profit of Rs.86.17 crore in the year-ago quarter.
Results for the quarter included a charge of Rs.810 crore, compared with a charge of Rs.635.55 crore, under exceptional items, towards provision for diminution in the value of long-term investments in a subsidiary.
Its quarterly total net income, including other operating income, rose by two percent to Rs.860.37 crore from the Rs.843.59 crore, while other income for the quarter was Rs.20.28 crore, compared with Rs.32.62 crore in the year-ago quarter.
For the fiscal year, the company posted a net loss of Rs.554.07 crore, compared with a net loss of Rs.212.77 crore in 2012. Total net income, including other operating income increased by six percent to Rs.3,350.79 crore from the Rs.3,144.76 crore a year-ago.
Stand-Alone Results
On a stand-alone basis, the company reported a fourth-quarter net loss of Rs.894.38 crore, compared with a net loss of Rs.701.33 crore for the quarter ended March 31 last year. Total net income, including other operating income, rose more than two-fold to Rs.8.45 crore from the Rs.4.22 crore in Q4FY12, while other income was Rs.99.13 crore, compared with Rs.0.05 crore in the preceding year quarter.
For the fiscal year, its stand-alone net loss was Rs.760.95 crore, compared with a net loss of Rs.816.21 crore last year. Total net income, including other operating income, grew by 114 percent to Rs.120.97 crore from the Rs.56.63 crore in 2012.
Is board took a strategic decision to to apply for a banking license.
At the BSE, Religare Enterprises shares are currently trading at a new high of Rs.290.60, up by 0.33 percent from the previous close.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.