Religare Enterprises Limited's Board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2025, on May 20, 2025.
The auditor's report expresses an unmodified opinion on the standalone and consolidated financial results.
Standalone Financial Results Highlights:
Total Revenue: ₹881.80 lakhs
Loss Before Tax: ₹514.86 lakhs
Net Loss for the period: ₹1,774.14 lakhs
Consolidated Financial Results Highlights:
Total Revenue: ₹34,809 lakhs
Profit Before Tax: ₹2,431 lakhs
Net Profit for the period: ₹1,304 lakhs
9,32,500 equity shares were allotted during the year ended March 31, 2025, pursuant to the exercise of stock options under the REL ESOP Scheme 2019.
The issued, subscribed, and paid-up equity capital increased to ₹33,065.37 lakhs as of March 31, 2025.
The company is barred from declaring dividends as per RBI letter issued in December 2019.
The Burman Group's shareholding reached 25.16% on February 18, 2025, resulting in a change of control, and they have become the Promoters of the Company.
A governance review of the Company and its subsidiaries is in progress, and any potential financial impact identified will be reflected in the financial statements.
The company is involved in ongoing income tax litigation for Assessment Year 2017-18, with a reduced demand of ₹10,853 lakhs pending before the ITAT.