Religare Q4

Religare’s fourth quarter and full year (FY12) make for some interesting reading. The financial services firm which is into broking, investment banking, advisory, and lending, reported a net profit of Rs 101.32 crore for the March quarter, even though the bottomline for the full year continued to bleed (Rs 149 crore loss vs Rs 294 crore loss). Religare’s fourth quarter performance was driven mainly by its NBFC business. That has been the case with most brokerage firms, which now earn a big chunk of revenues from their lending operations. But while Religare’s peers have chosen to go a bit slow on growing their loan book, Religare has taken a different approach. Its loan book grew 35% to Rs 10,700 crore, with loans to small and medium enterprises growing 45% to 8400 crore.


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