Latest news with #ChoiceInternational
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Business Standard
2 days ago
- Business
- Business Standard
Madhusudan Kela and Family sells entire Waaree Energies, Samhi Hotels stake
Madhusudan Kela and Family has exited from Waaree Energies and Samhi Hotels by selling their remaining stakes in the two companies, the latest shareholding data with the BSE showed on Tuesday. At the end of March quarter shareholding data, Madhuri Madhusudan Kela owned a 1.16 per cent stake in Waaree Energies, and 1.69 per cent holding in Samhi Hotels. However, as per the latest data on the BSE, Madhuri's name is no longer listed among the public shareholders in the June 2025 quarter. In addition, Madhusudan Kela also trimmed its stakeholding by offloading 94,672 shares or 0.31 per cent stake in financial services company Choice International in the April-June quarter. The combined value of the stake sale in these three companies stood at around Rs 1,132.10 crore. The stake in Samhi Hotels was valued at around Rs 83.24 crore, and the holding in Waaree Energies was worth around Rs 1,049 crore. It is not clear whether the Kela family has fully exited or if their shareholding has merely dropped below the 1 per cent disclosure threshold as prescribed by Sebi, under which individual holdings are not mandatorily required to be disclosed. Madhusudan Muralidhar Kela is an investor and entrepreneur who founded MK Ventures in 2018. He also founded Invexa Capital, a portfolio management venture. Prior to that, Madhusudan was a former head of equities at Reliance Capital. His wife Madhuri Kela (also known as Mahi Madhusudan Kela), co-manages their investment portfolio and is an active investor in her own right. Madhusudan Kela publicly owned stakes in 14 companies, including Choice International, Prataap Snacks and Mkventures Capital -- where Madhu Kela is the promoter -- with a combined net worth of Rs 2,870.52 crore as on July 29, 2025. The share sale indicates a reshuffle in one of the country's most closely followed individual portfolios. However, the family has not issued any official statement on the reasons behind the divestments. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard
22-07-2025
- Business
- Business Standard
Choice Intl Q1 PAT jumps 50% YoY to Rs 48 cr
Choice International reported consolidated net profit jumped 49.83% to Rs 47.96 crore on a 15.55% increase in total revenue from operations to Rs 237.96 crore in Q1 FY26 over Q1 FY25, supported by broad-based growth and operational efficiency. Profit before tax for the quarter stood at Rs 62.89 crore, marking a year-on-year growth of 44.91%. EBITDA stood at Rs 86.80 crore, registering a growth of 49.06% in Q1 FY26, compared with Rs 58.23 crore in Q1 FY25. EBITDA margin was at 36.48% in Q1 FY26 as against 28.28% in Q1 FY25. The company said that its total revenue for the quarter rose by 15.55% year-on-year to Rs 237.96 crore, with stockbroking contributing 60%, followed by advisory at 24% and the NBFC segment at 16%. In the companys broking business, the number of demat accounts stood at 11.50 lakh in Q1 FY26, up 29% year-on-year. Client assets under stockbroking stood at Rs 47,800 crore, registering a 16% YoY growth, while AUM for wealth products surged 443% YoY to Rs 4,769 crore. Under the companys insurance broking business, insurance premium generated stood at Rs 76 crore, registering the growth of 62% YoY. The number of policies sold stood at 39,182 in Q1 FY26, up 46% YoY. In Q1 FY26, the company's NBFC segment reported a total loan book of Rs 745 crore, of which retail loans stood at Rs 596 crore. Net Non-Performing Assets (NNPA) stood at 2.25% as of 30 June 2025. In the advisory business, the order book stood at Rs 586 crore in Q1 FY26. Kamal Poddar, managing director, Choice International, said, Choice has commenced FY26 on a strong footing, building upon the solid momentum of the previous year. This quarter witnessed encouraging progress across all business segments, driven by our focus on operational excellence and a customer-first approach. Notably, our branch footprint expanded to 208 locations from 149 a year ago, underscoring our commitment to strengthening our presence and enhancing accessibility across India. We also secured government advisory mandates worth Rs 130 Cr during the quarter, reaffirming our position as a trusted partner in public sector transformation and strengthening our future pipeline. Looking ahead, we see strong potential in Corporate Insurance, backed by a sharper focus and a strengthened team across priority clusters In Wealth, our strategic thrust on UHNI and corporate clients is expected to drive steady onboarding through the year. On the lending front, we are actively pursuing green finance opportunitiesparticularly rooftop solar fundingalongside our MSME offerings. With this steady start, we remain optimistic about the remainder of FY26 and committed to delivering consistent, long-term value for all our stakeholders. Choice International provides services like Broking & Distribution, Investment Banking, Financial services, etc. Shares of Choice International rose 0.21% to Rs 763.05 on the BSE.
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Business Standard
22-07-2025
- Business
- Business Standard
Choice International rises 4% after posting Q1 results; check all details
Choice International shares rose 3.6 per cent, logging an intraday high at ₹789 per share on the National Stock Exchange (NSE). The demand for the stock came after the company posted its Q1FY26 results. However, at 12:03 PM, Choice International share price pared some gains and was trading 0.22 per cent higher at ₹762.95 per share on NSE. In comparison, the NSE Nifty slipped 0.03 per cent at 25,083.05. Choice International Q1 results The company in the first quarter ended June 30, 2025, reported a 49.88 per cent rise in profit after tax (PAT) at ₹47.96 crore as compared to ₹32 crore a year ago. On a quarter-on-quarter (Q-o-Q) basis, the PAT fell 10.39 per cent from ₹53.52 crore. The company's revenue for the quarter under review stood at ₹237.95 crore, up 15.55 per cent, from ₹205.93 crore a year ago. On a sequential basis, the revenue slipped 6.7 per cent from ₹255.04 crore in Q4FY25. Its revenue contribution came 60 per cent from Stock Broking, 24 per cent from advisory, and 16 per cent from a non-banking financial company (NBFC). The company's number of Demat accounts stood at 11.5 lakhs, a growth of 29 per cent year-on-year (Y-o-Y), and client assets under stock Broking stood at ₹4,78,000 crore, a staggering growth of 16 per cent Y-o-Y. Its Asset under management (AUM) for wealth products stood at ₹4,769 crore, a surge of 443 per cent Y-o-Y. Its insurance premium generated of ₹76 crore, an increase of 62 per cent Y-o-Y and the number of policies sold stood at 39,182, a surge of 46 per cent Y-o-Y. The total loan book for the NBFC segment at the end of Q1 FY26 stood at ₹745 crore, and the Retail Loan Book for Q1 FY26 stood at ₹596 crore. Net Non-Performing assets (NNPA) as on June 30, 2025, were at 2.25 per cent. Check List of Q1 results today About Choice International Headquartered in Mumbai, Choice Group is a decade-old organization, engaged in providing diversified services in finance, engineering, and consulting activities. Choice has its membership and registration with SEBI, RBI, NSE, BSE, MCX, NCDEX, AMFI, and is a depository participant with CDSL & NSDL. An end-to-end financial conglomerate, the group has over the past decade expanded massively to become a holistic financial services firm with groundbreaking technologies and innovative methodologies to serve its clients. Choice is among the top 20 brokers with pan-India presence, with over 14 lakhs+ clients and over 58,000 trained business associates.
Time of India
21-07-2025
- Business
- Time of India
Choice International Q1 Results: Profit jumps 50% to Rs 48 crore, revenue up 16%
Financial services company Choice International on Monday reported a 50 per cent rise in its consolidated profit after tax to Rs 47.96 crore for the quarter ended on June 30, 2025, driven by broad-based growth across its business verticals and operational efficiency. It had posted a net profit of Rs 32 crore in the same period last year. Its revenue for the quarter rose by 16 per cent year-on-year to Rs 237.95 crore with stock broking contributing 60 per cent, followed by advisory at 24 per cent and NBFC segment at 16 per cent, the Mumbai-based company said in a regulatory filing. Explore courses from Top Institutes in Select a Course Category Data Analytics Artificial Intelligence Technology Operations Management Digital Marketing others Management Data Science CXO Cybersecurity Others PGDM Data Science Public Policy Design Thinking MCA Project Management healthcare MBA Healthcare Product Management Leadership Degree Skills you'll gain: Data Analysis & Visualization Predictive Analytics & Machine Learning Business Intelligence & Data-Driven Decision Making Analytics Strategy & Implementation Duration: 12 Weeks Indian School of Business Applied Business Analytics Starts on Jun 13, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Replace Your Entire Roof in as Little as 1 Day! Metal Roofing Innovations Learn More Undo The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew by 49.06 per cent to Rs 86.80 crore. On a sequential basis, both revenue and profit declined compared to the March quarter. The number of demat accounts rose 29 per cent year-on-year to 11.5 lakh, while client assets under stock broking stood at Rs 47,800 crore, a 16 per cent jump. The wealth business showed momentum with assets under management growing 443 per cent to Rs 4,769 crore. Live Events The company's NBFC segment reported a total loan book of Rs 745 crore, of which retail loans stood at Rs 596 crore. Net non-performing assets stood at 2.25 per cent as of June 30, 2025. The company secured government advisory projects worth Rs 130 crore during the quarter, while its total advisory order book stood at Rs 586 crore. "This quarter witnessed encouraging progress across all business segments, driven by our focus on operational excellence and a customer-first approach. "Notably, our branch footprint expanded to 208 locations from 149 a year ago, underscoring our commitment to strengthening our presence and enhancing accessibility across India," Kamal Poddar, Managing Director at Choice International, said.
Business Standard
21-07-2025
- Business
- Business Standard
Choice International consolidated net profit rises 52.73% in the June 2025 quarter
Sales rise 16.57% to Rs 233.88 croreNet profit of Choice International rose 52.73% to Rs 45.01 crore in the quarter ended June 2025 as against Rs 29.47 crore during the previous quarter ended June 2024. Sales rose 16.57% to Rs 233.88 crore in the quarter ended June 2025 as against Rs 200.64 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 17 OPM %35.3726.39 -PBDT65.6845.08 46 PBT62.8943.40 45 NP45.0129.47 53 Powered by Capital Market - Live News
