Religare Enterprises September quarter net profit jumps 70% to Rs 68 crore

Religare Enterprises on Tuesday reported a 70 per cent jump in consolidated net profit to Rs 68.49 crore for the second quarter ended September 2024.

The financial services firm had a consolidated net profit of Rs 40.35 crore in the July-September quarter of 2023-24.

Its total revenue stood at Rs 1,971 crore during the second quarter of the current fiscal year, up from Rs 1,586 crore in the corresponding period of the last year.

In a regulatory filing, Religare Enterprises further said that its Group CFO Nitin Aggarwal will cease to be associated with the company with effect from the close of business hours on November 12, 2024.

Shares of Religare Enterprises closed at Rs 245.95, down 1.24 per cent over its previous close on the BSE.