Religare Enterprises Limited · NSE:RELIGARE

Religare Enterprises — Q2 FY2027 Earnings Presentation

38 slides from Religare Enterprises's earnings presentation, Nov 12, 2026

  1. Slide 1: Exchange filing cover letter for earnings call presentation

    November 12, 2026 The National Stock Exchange of India Ltd BSE Limited Corporate Communications Department Corporate Services Department “Exchange Plaza”, 5th Floor, Phiroze Jeejeebhoy Towers Bandra-Kurla Complex, Bandra (East), Dalal Street, Mumbai – 400051 Mumbai – 400001 Scrip Symbol: RELIGARE Sc

  2. Slide 2: Religare Enterprises Limited Investor Presentation Q2 & H1 FY2027

    Religare Enterprises Limited INVESTOR PRESENTATION | Q2 & H1 FY2027 | November 2026

  3. Slide 3: Disclaimer

    Disclaimer This presentation has been prepared by and is the sole responsibility of Religare Enterprises Limited (together with its subsidiaries, referred to as the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not const

  4. Slide 4: Table of Contents

    Table of Contents 01 Religare Enterprises Limited (REL) – Business Overview 02 Religare Broking Limited – Business Overview 03 Religare Finvest Limited – Business Overview 04 Religare Housing Development Finance Corporation Limited – Business Overview 05 Care Health Insurance Limited – Business Over

  5. Slide 5: Religare Enterprises Limited (REL)

    Religare Enterprises Limited (REL) A diversified portfolio of insurance and financial services business INSURANCE BUSINESS FINANCIAL SERVICES BUSINESS Focused on self-employed and NBFC with 17+ years of informal segment in semi- India’s 2nd Largest SAHI Full-service Broker operations in MSME lending

  6. Slide 6: Board of Directors

    Board of Directors  Chairman Emeritus of Dabur lndia  A 6th generation member of the Burman family, Mr. Aditya Burman is a  A trained pharmacist and is widely Director on the board of Dabur India recognized for his interests in Mr. Aditya Chand Ltd Dr. Anand Chand Burman Research & Development th

  7. Slide 7: REL – H1 FY27 Executive Summary

    REL – H1 FY27 Executive Summary H1 FY27 Consolidated Highlights Revenue Profit after Tax Net Worth * Rs. 4,717 Cr Rs. (145) Cr ~Rs.3,000 Cr H1 FY27 Business Highlights Gross Written Premium (GWP) (1) Total Income Net Worth Total Income Rs. 6,897 Cr Rs. 197 Cr Rs. 963 Cr Rs. 14 Cr 35% YoY growth 7% Y

  8. Slide 8: REL – Income Statement (Consolidated)

    REL – Income Statement (Consolidated) Particulars (Rs. Cr) Q2 FY27 Q2 FY26 Q1 FY27 H1 FY27 H1 FY26 Interest Income 293.23 214.65 244.73 537.96 414.19 Dividend Income 4.80 1.34 3.32 8.11 2.59 Fee and Commission Income 2.04 1.01 0.75 2.79 5.19 Net Gain on Fair Value Changes - - 44.16 12.49 9.45 Sale o

  9. Slide 9: REL – Segment Reporting (Consolidated)

    REL – Segment Reporting (Consolidated) Q2 FY27 Particulars (Rs. Cr) Insurance Financial Services Unallocated Total Revenue (1) 2,240.94 154.28 0.01 2,395.23 Segment Performance (2) (158.19) 37.29 (6.89) (127.79) Assets 13,781.99 2,456.14 29.37 16,267.50 Liabilities 11,278.51 948.94 104.25 12,331.70

  10. Slide 10: REL – Income Statement (Standalone)

    REL – Income Statement (Standalone) Particulars (Rs. Cr) Q2 FY27 Q2 FY26 Q1 FY27 H1 FY27 H1 FY26 Revenue from Operations Interest Income 1.23 - 1.67 2.89 0.0 Net Gain on Fair Value Changes 0.10 0.51 0.30 0.41 0.7 Other Operating Income Other 0.46 0.37 0.55 1.01 0.4 Total Revenue from Operations 1.79

  11. Slide 11: Religare Broking Ltd. – Business Overview

    Religare Broking Ltd. – Business Overview 10

  12. Slide 12: Religare Broking Limited (RBL)

    Religare Broking Limited (RBL) Strong foundation to drive growth Assets Under Custody Product Offerings Revenue Mix Business Channels Presence (AUC) Broking E-Gov. Retail Broking I Depository 12% Brokerage  Branches North (28%) North (36%) I Investment Products I 10% 46% Interest  Business Partner

  13. Slide 13: Religare Broking – Key Financial Strengths

    Religare Broking – Key Financial Strengths (Rs. Cr) Total Income (1) Revenue Mix (1) 98.7 99.5 97.4 89.6 91.0 Brokerage Interest Others 25% 21% 24% 23% 21% 31% 33% 31% 30% 33% 44% 46% 45% 47% 46% Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Income Trajectory Remain

  14. Slide 14: Religare Broking – Key Business Metrics

    Religare Broking – Key Business Metrics Avg. Daily Turnover (ADTO) - Cash Avg. Daily Turnover (ADTO) - Derivatives (Rs. Cr) (Rs. Cr) RBL Market in ('000 Cr.) RBL Market in Lakh Cr. 375 11,860 11,247 320 10,760 301 9,623 9,782 274 276 29,839 32,461 29,280 9,352 26,237 25,740 7,719 8,377 6,635 6,613 Q

  15. Slide 15: Religare Broking – Income Statement

    Religare Broking – Income Statement Particulars (Rs. Cr) Q2 FY27 Q2 FY26 Q1 FY27 H1 FY27 H1 FY26 Brokerage 44.7 39.4 47.3 92.0 81.2 Interest Income 32.5 28.0 29.8 62.2 51.2 E-Governance Income 9.6 13.8 9.2 18.8 17.4 Other operational revenue 10.8 8.4 13.3 24.1 33.9 Total Income 97.5 89.6 99.5 197.1

  16. Slide 16: Religare Broking – Growth Drivers

    Religare Broking – Growth Drivers Increase Traded Clients Improve Platform & Products Grow Non-Broking Revenue Process-Led Execution Improve client connect and add Upgrade the trading platform and Grow MTF Book to boost interest Process Re-engineering: Optimize more products to increase client mobil

  17. Slide 17: Religare Finvest Ltd. – Business Overview

    Religare Finvest Ltd. – Business Overview 16

  18. Slide 18: Religare Finvest is back in business

    Religare Finvest is back in business Three branches in three days, first loan on day four, and two new states next Lending restarted on 6 Nov 2026 Key milestones Capital ready to deploy 3 Nov 4 Nov 5 Nov 6 Nov Upcoming ₹962.6 Cr Tangible net worth Lucknow Kanpur Noida First loan Tamil Nadu, State ca

  19. Slide 19: Religare Finvest Limited (RFL)

    Religare Finvest Limited (RFL) Rebuilding a Credible, Capital-Ready Lender Net AUM Collection Efficiency PAT Net Owned Fund (NOF) Rs. 43.5 Cr ~100% Rs. 64.5 Cr Rs. 890.9 Cr MULTI-STATE PRESENCE KEY PROPOSITION Q2 & H1 FY27 HIGHLIGHTS  Strong Capital Base: Maintained a robust capital position with a

  20. Slide 20: RFL – Key Ratios

    RFL – Key Ratios (Rs. Cr) Total Income (Rs. Cr) PAT Collection Efficiency (Standard Book) 100.0% 42.8 44.8 89.0 39.6 99.2% 21.0 49.4 98.0% 97.7% 97.7% 14.4 30.8 15.1 1.2 Q2 FY26 Q3 FY26 Q4FY26 Q1FY27 Q2 FY27 Q2 FY26 Q3 FY26 Q4 FY26 Q1FY27 Q2 FY27 Q2 FY26 Q3 FY26 Q4FY26 Q1FY27 Q2 FY27 Improved on acc

  21. Slide 21: RFL – Income Statement

    RFL – Income Statement Particulars (Rs. Cr) Q2 FY27 Q2 FY26 Q1 FY27 H1 FY27 H1 FY26 Interest Income 39.3 18.7 13.6 52.8 37.0 Other Operating Income 0.3 0.1 0.1 0.5 0.7 Finance Costs (0.3) (0.2) (0.2) (0.5) (0.5) Net Interest Income 39.3 18.6 13.5 52.8 37.2 Other Income 5.2 1.7 0.7 5.9 2.2 Net Total

  22. Slide 22: Religare Housing Development Finance Corporation Ltd. – Business Overview

    Religare Housing Development Finance Corporation Ltd. – Business Overview 21

  23. Slide 23: Religare Housing Development Finance Corporation Limited (RHDFCL)

    Religare Housing Development Finance Corporation Limited (RHDFCL) Affordable Housing Specialist within REL Ecosystem Credit Rating Product Mix# Customer Mix# AUM LTV* CRAR LT – ICRA BBB-(Stable) HL – 67% Salaried – 43% Rs. 243 Cr ~46% 117% CARE BBB-(Stable) LAP – 33% SENP – 57% ST – ICRA A3 PAN-INDI

  24. Slide 24: RHDFCL – Foundation for Scalable Growth

    RHDFCL – Foundation for Scalable Growth Strong Structural Growth Drivers Customer Focused Experienced Management Team  Affordable housing market growing at  Focused on self employed informal segment  Seasoned leadership team with extensive ~20% CAGR (1) in Tier-2 and beyond housing finance expert

  25. Slide 25: RHDFCL – Key Ratios

    RHDFCL – Key Ratios Total Income Portfolio Yield AUM (Rs. Cr) (Rs. Cr) 15.0% 15.0% 15.3% 7.4 7.8 7.4 14.6% 14.5% 7.0 7.0 244.3 247.1 241.1 243.2 242.9 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2 FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2 FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2 FY27 Continued stability in top line performan

  26. Slide 26: RHDFCL – Income Statement

    RHDFCL – Income Statement Particulars (Rs. Cr) Q2 FY27 Q2 FY26 Q1 FY27 H1 FY27 H1 FY26 Interest Income 7.44 7.06 7.10 14.54 13.97 Interest Expenses (0.84) (0.09) (0.41) (1.25) (0.18) Net Interest Income (NII) 6.60 6.97 6.69 13.29 13.79 Fees and other charges 0.17 0.28 0.22 0.39 0.47 Other Income 0.1

  27. Slide 27: Care Health Insurance Ltd. – Business Overview

    Care Health Insurance Ltd. – Business Overview 26

  28. Slide 28: Care Health Insurance Limited (Care)

    Care Health Insurance Limited (Care) India’s Leading Standalone Health Insurer GWP Investment Book Market Share Rs. 6,897 Cr ~ Rs. 12,897 Cr 24% share in SAHI segment DISTRIBUTION REACH KEY PROPOSITION Q2 & H1 FY27 HIGHLIGHTS 2nd Largest SAHI  Registered a robust growth of ~35% y-o-y, led by Overal

  29. Slide 29: Care – H1 FY27 Performance

    Care – H1 FY27 Performance Maintaining leadership with Strong Premium Growth vis-à-vis Industry Robust growth traction in premiums Strong Retail market share (Rs. Cr) 11,417 21.3% 9,223 35% y-o-y 18.8% 19.7% 19.3% 16.8% 7,022 6,897 12.8% 10.8% 11.6% 11.2% 5,104 9.4% FY24 FY25 FY26 H1 FY26 H1 FY27 FY

  30. Slide 30: Care – H1 FY27 Investment Portfolio Overview

    Care – H1 FY27 Investment Portfolio Overview Scaled investment book while maintaining stable yields and a high-quality portfolio Investment AUM Gross Debt Yield (Annualized) 92% Invested in Leverage Ratio(2) Rs. 12,897 Cr 7.3% Bonds & Govt Securities 3.7x AUM GROWTH & YIELD TREND (1) INVESTMENT PORT

  31. Slide 31: Care – Key Metrics

    Care – Key Metrics Retail GWP (n Basis) Claims Paid & Count of Claims paid Grievances / 10K policies 7.9 lacs 9.2 lacs (Rs. Cr) 4,538 (Rs. Cr) (Units) 3,500 0.81 3,148 2,727 0.42 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 Count of claims paid Renewal Rate for Retail Health Indemnity Claim Settlement

  32. Slide 32: Care – Digital Transformation

    Care – Digital Transformation Building a seamless, digital first healthcare experience 99.5% 46 96% New Policies Products Available Automated Policy Applied Digitally Renewals >60% 74 80% Growth in D2C New business Cashless Claims Cashless Claims processed in NPS < 30 Minutes

  33. Slide 33: Care – Customer App: One App. Whole Health

    Care – Customer App: One App. Whole Health App Installation Monthly Active Users Health/Wellness Self Service Offering (# in mn) (# in Lakhs) 13.8 12.0 12.0 Policy Renewals via 12.5 11.0 App 8.4 8.0 Activity Tracker 2.54 Lakhs 4.7 69% YoY FY24 FY25 FY26 H1 FY27 FY24 FY25 FY26 H1 FY27 Health Check-up

  34. Slide 34: Care – Financial Profile

    Care – Financial Profile Particulars (Rs. Cr) H1 FY27 H1 FY26 Gross Written Premium 6,400 4,551 Gross Written Premium Growth % 40.6% 5.7% I-GAAP (1/n basis) Retail Health GWP 4,049 2,686 Retail Health GWP Growth % 50.7% 12.7% Gross Written Premium 6,897 5,104 Gross Written Premium Growth % 35.1% 18.

  35. Slide 35: Care – P&L IND AS

    Care – P&L IND AS Particulars (Rs. Cr) H1 FY27 H1 FY26 Insurance revenue (A) 6,119 4,752 Incurred Claims and Expense (B) 4,044 3,183 Amortised Insurance Cost (C) 1,787 1,387 Net expenses/income from Insurance and reinsurance contracts (D) 160 135 Insurance service result (E=A-B-C-D) 129 47 Investmen

  36. Slide 36: Care – Income Statement

    Care – Income Statement Particulars (Rs. Cr) Q2 FY27 Q2 FY26 Q1 FY27 H1 FY27 H1 FY26 Gross Written Premium (GWP) 3,372 2,414 3,028 6,400 4,551 Net Earned Premium (NEP) 2,012 1,796 1,979 3,991 3,377 Investment Income 223 165 202 425 327 Profit Before Tax (124) 42 (131) (255) 23 Profit After Tax (93)

  37. Slide 37: Abbreviations

    Abbreviations Abbreviation Full Form / Description ADTO Average Daily Turnover AHFC Affordable Housing Finance Company AI/ ML Artificial Intelligence/ Machine Learning ALM Asset Liability Management AUC Assets Under Custody AUM Assets Under Management BMI Body Mass Index BSE BSE Limited (formerly Bo

  38. Slide 38: Thank You

    THANK YOU ! Religare Enterprises Limited Investor Relation Advisors – Adfactors PR Private Limited Ms. Hanishi Shah| +91 9619059339 investor.relations@religare.com hanishi.shah@adfactorspr.com |teamreligare@adfactorspr.com Website – https://www.religare.com Website – www.adfactorspr.com 37

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