Diversified financial services group, Religare Enterprises Ltd (REL), on Tuesday (May 20) reported a 16.4% year-on-year (YoY) decline in net profit at ₹151.3 crore for the fourth quarter that ended March 31, 2025.
In the corresponding quarter of the previous fiscal, Religare Enterprises posted a net profit of ₹181 crore. The company's revenue from operations increased 9.3% to ₹2.028 crore as against ₹1,855.7 crore in the corresponding period of the preceding fiscal.
In February this year, the Burman family acquired control of Religare Enterprises and was designated as its promoters. The Burman Group entities confirmed the completion of their open offer, resulting in a substantial shareholding of 25.16% in REL.
The Burman Group has taken control of Religare Enterprises after a prolonged battle involving ousted chairperson Rashmi Saluja, and more recently, US investor Danny Gaekwad. The total holding of the Burman family, which also owns FMCG firm Dabur and Eveready, now exceeds 50%, consolidating their position as the largest shareholders in the company.
Also Read: Burman Group becomes new promoters of Religare Enterprises
The results came after the close of the market hours. Shares of Religare Enterprises Ltd ended at ₹219.00, up by ₹1.25 or 0.57% on the BSE.
In the corresponding quarter of the previous fiscal, Religare Enterprises posted a net profit of ₹181 crore. The company's revenue from operations increased 9.3% to ₹2.028 crore as against ₹1,855.7 crore in the corresponding period of the preceding fiscal.
Also Read: Religare Enterprises is undervalued, says Digvijay Gaekwad on counterbid
In February this year, the Burman family acquired control of Religare Enterprises and was designated as its promoters. The Burman Group entities confirmed the completion of their open offer, resulting in a substantial shareholding of 25.16% in REL.
The Burman Group has taken control of Religare Enterprises after a prolonged battle involving ousted chairperson Rashmi Saluja, and more recently, US investor Danny Gaekwad. The total holding of the Burman family, which also owns FMCG firm Dabur and Eveready, now exceeds 50%, consolidating their position as the largest shareholders in the company.
Also Read: Burman Group becomes new promoters of Religare Enterprises
The results came after the close of the market hours. Shares of Religare Enterprises Ltd ended at ₹219.00, up by ₹1.25 or 0.57% on the BSE.
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