Religare Enterprises Q4FY26: Revenue Growth Strong, Margins Under Pressure

Key Highlights • Revenue: ₹2,467 Cr (↑20.8% YoY) • Net Profit: ₹13 Cr (↓74.3% YoY) • EBITDA: ₹143 Cr (↓39.9% YoY) • EBITDA Margin: 5.8% vs 11.6% YoY What Stands Out • Strong topline growth across businesses • Sharp decline in profitability and margins • Indicates higher operating costs or weaker business mix Why It Matters Despite healthy revenue momentum, earnings pressure highlights the importance of cost efficiency and margin management in financial services businesses. Learning Outcome Revenue growth alone is not enough—sustainable profitability depends on maintaining operating margins and controlling costs.