Friday, Jun 21 2024 | Time 19:50 Hrs(IST)
image
Business Economy


Religare Enterprises revenue up 28 pc in Q4

New Delhi, May 24 (UNI) Religare Enterprises Limited (REL), a diversified financial services Group, today announced 28 per cent growth in consolidated revenue at Rs 1,874 crore in January-March or Q4 of financial year 2023-24 compared to Rs 1,460 crore in same quarter of last financial year.
The Consolidated revenue is Rs 6,299 crore for FY24, up by 30 per cent as compared to the previous year. The Company reported a Profit Before Tax of Rs 217 crore (before exceptional items) as compared to a loss of Rs 31 crore in FY23.
Commenting on the financial performance, Dr Rashmi Saluja, Executive Chairperson, Religare Enterprises Limited said, “We are pleased to announce another year of strong financial performance, further consolidating the leadership position of the company after a significant turnaround last year. Despite certain challenges, REL has stayed on course to grow steadily.
“All four businesses have reported another profitable year. During the fiscal, Care Health Insurance and Religare Broking Limited have reported their best performance to date. We remain optimistic about the future of all the businesses and are confident in our ability to continue delivering value to all our stakeholders,” Dr Saluja said.
Care Health Insurance posted an all-time high premium collection of Rs 7,022 crore, in FY24, while Securities Broking business registered a bumper year of growth with income amounting to Rs 368 crore for FY24, a jump of 29 per cent as compared to the previous year. While the Housing Finance business reported another profitable year with SME lending arm, Religare Finvest Limited (RFL) has become debt free and is ready to start the operations, she said.
UNI SKB GNK
More News

HZL & AEsir Technologies join hands for developing Zinc batteries

21 Jun 2024 | 7:07 PM

New Delhi, June 21 (UNI) Hindustan Zinc Ltd (HZL) on Friday said that it has signed an MoU (memorandum of understanding) with US-based AEsir Technologies for developing Zinc batteries.

see more..

ONGC and Indian Oil sign pact to set up LNG plant

21 Jun 2024 | 7:00 PM

New Delhi, June 21 (UNI) State-owned energy majors Oil and Natural Gas Corporation (ONGC) and IndianOil Corporation Limited (IOCL) have signed a memorandum of understanding (MoU) to establish a small-scale Liquefied Natural Gas (LNG) plant near the Hatta Gas Field in the Vindhyan Basin.

see more..

Centre assures states & farmers to procure pulses (Tur, Urad & Masur) at MSP

21 Jun 2024 | 6:31 PM

New Delhi, June 21 (UNI) Centre on Friday assured the states and farming community to procure pulses – Tur, Urad and Masur, at Minimum Support Prices (MSP) to ensure crop diversification and achieve self-sufficiency in pulse production.

see more..

Hyderabad: Deccan Chai to set up 1000 outlets across country by 2025

21 Jun 2024 | 6:16 PM

Hyderabad, June 21 (UNI) Deccan Chai, a division of Shreyas Group, on Friday announced plans to set up 1000 outlets across the country by March 2025.

see more..

Propel Industries acquires major stake in Ireland-based firm

21 Jun 2024 | 6:04 PM

Chennai, June 21 (UNI) Propel Industries, a leader in the Indian Crushing and Screening market, has forged a strategic partnership with the Ireland-based Omega Crushing and Screening, a pioneer in zero emission mobile crushing and screening in European and American markets to deliver innovative and sustainable solutions to the global crushing and screening market.

see more..
image