Religare Enterprises has reported results for the quarter ended June 30, 2011.
The Company ‘s net loss for the first quarter of FY12 has widened at Rs 22.05 crore as compared to net loss of Rs 4.68 crore for Q1FY10. Its total Income has increased by 65.04% to Rs 23.53 crore for quarter under review from Rs 14.25 crore for the corresponding quarter of the previous year.
On Consolidated basis, the Group’s net loss has widened at Rs 149.66 crore for the quarter ended June 30, 2011 as compared to net loss of Rs 49.41 crore for the quarter ended June 30, 2010. Its total Income has increased by 66.11% at Rs 789.76 crore for the quarter from Rs 475.43 crore for the quarter ended June 30, 2010.
Religare Enterprises is engaged in providing financial products and services. REL provides services across three segments namely retail, institutional and wealth.
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