Religare Enterprises Ltd's Q3FY25 Quarter Results
- 04 Feb 2025
Result Summary
- Religare Enterprises Ltd reported a 15.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 8.7%.
- Its expenses for the quarter were down by 8.3% QoQ and up 17.2% YoY.
- The net profit decreased 192.4% QoQ and decreased 288.4% YoY.
- The earnings per share (EPS) of Religare Enterprises Ltd declined at 1.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1670.24 | 1970.97 | 1537.24 | -15.3% | 8.7% |
Total Expenses | 1753.99 | 1913.53 | 1496.47 | -8.3% | 17.2% |
Profit Before Tax | -78.90 | 67.44 | 40.73 | -217.0% | -293.7% |
Tax | -15.62 | -1.06 | 7.15 | 1373.6% | -318.5% |
Profit After Tax | -63.28 | 68.49 | 33.58 | -192.4% | -288.4% |
Earnings Per Share | -1.30 | 1.50 | 0.60 | -186.7% | -316.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Religare Enterprises Ltd is a diversified financial services group based in India. The company operates within the financial services industry, providing a broad range of services including lending, asset management, wealth management, and insurance. Religare's primary focus is on delivering financial solutions that are tailored to the needs of its clients, spanning both retail and corporate segments. As of the latest updates, the company has been involved in strategic restructuring to enhance its operational efficiency and has been focusing on strengthening its core businesses. However, specific recent developments or initiatives by the company are not available in the provided data.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Religare Enterprises Ltd reported a total income of ₹1670.24 crores. This represents a decrease of 15.3% from the previous quarter (Q2FY25), where the total income stood at ₹1970.97 crores. However, when compared to the same quarter in the previous fiscal year (Q3FY24), the total income shows an increase of 8.7%, up from ₹1537.24 crores. This year-over-year increase indicates a growth in the company's revenue streams over the past year. The quarter-over-quarter decline in total income suggests a variance in business operations or market conditions during the recent quarter.
Profitability
Religare Enterprises Ltd's financial performance for Q3FY25 shows a significant change in profitability compared to both the previous quarter and the same quarter last year. The company reported a loss before tax of ₹78.90 crores in Q3FY25, a substantial decline from a profit before tax of ₹67.44 crores in Q2FY25 and ₹40.73 crores in Q3FY24. The tax expense also shifted from a negative position, with a tax credit of ₹15.62 crores in Q3FY25, compared to a tax credit of ₹1.06 crores in Q2FY25 and a tax expense of ₹7.15 crores in Q3FY24. Consequently, the profit after tax for Q3FY25 was a loss of ₹63.28 crores, contrasting with the profit of ₹68.49 crores in Q2FY25 and ₹33.58 crores in Q3FY24. This change reflects a quarter-over-quarter decline of 192.4% and a year-over-year decline of 288.4% in profitability.
Operating Metrics
The earnings per share (EPS) for Religare Enterprises Ltd in Q3FY25 was reported at a negative ₹1.30. This is a substantial decrease from the EPS of ₹1.50 in the previous quarter and ₹0.60 in the same quarter last year. The quarter-over-quarter change in EPS is -186.7%, while the year-over-year change is -316.7%. The decline in EPS aligns with the reported losses in profit after tax. Additionally, there is a notable trend in the company's expenses. Total expenses for Q3FY25 were ₹1753.99 crores, which is a reduction of 8.3% from the previous quarter's expenses of ₹1913.53 crores, yet it represents an increase of 17.2% compared to Q3FY24's expenses of ₹1496.47 crores. This increase in expenses year-over-year may have impacted the company's profitability metrics.
