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Business Standard
an hour ago
- 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.
Time of India
19 hours ago
- 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.
News18
21 hours ago
- Business
- News18
Choice International PAT jumps 50 pc to Rs 48 cr in Q1, revenue up 16 pc
New Delhi, Jul 21 (PTI) 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. 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. 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. PTI HG HG MR MR (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 21, 2025, 18:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
23-04-2025
- Business
- Business Standard
Choice Intl hits record high after Q4 PAT jumps 36% YoY to Rs 53 cr
Choice International rallied 7.34% to Rs 603.85 after the company's consolidated net profit jumped 35.85% to Rs 53.51 crore on 17.93% increase in revenue from operations to Rs 253 crore in Q4 FY25 over Q4 FY24. Profit before tax (PBT) increased 33.97% to Rs 73.94 crore in Q4 Fy25 as compared with Rs 55.19 crore in Q4 FY24. EBITDA stood at Rs 98 crore, registering the growth of 42% in Q4 FY25, as compared with Rs 69 crore in Q4 FY24. EBITDA margin was at 38.54% in Q4 FY25 as against 32.05% in Q4 FY24. In the company's broking business, number of demat accounts stood at 10,86,000 in Q4 FY25, up 28% YoY. AUM for stock broking was at Rs 41,100 crore, registering the growth of 16% YoY , while AUM for wealth products stood at Rs 5,577 crore, up 793% YoY. Under the companys insurance broking business, insurance premium generated stood at Rs 93 crore, registering the growth of 49% YoY. The number of policies sold stood at 52,317 in Q4 FY25, up 259% YoY. In Q4 FY25, total loan book for NBFC segment stood at Rs 768 crore, retail loan book surged 105% YoY to Rs 629 crore. Net Non-Performing assets (NNPA) was 0.83% as on 31st March, 2025. In advisory business, order book stood at Rs 501 crore in Q4 FY25. On financial year basis, the companys consolidated net profit jumped 24.35% to Rs 162.71 crore in FY25 as compared with Rs 130.85 crore in FY24. Revenue from operations rose 21.25% YoY to Rs 910.38 crore in FY25. Kamal Poddar, managing director, Choice International, said, The broking and distribution business, contributing 62% to our total revenue, registered a YoY growth of 2%, generating Rs 129 crore in revenue during Q4 FY25. Our insurance broking business continues to build strong momentum, underpinned by a customer-centric approach. In Q4 FY25, Choice Insurance Broking reported a premium of Rs 93 crore, marking a solid 49% YoY growth. Our NBFC business, contributing 12% to total revenue, is gaining strong traction with a loan book of Rs 768 crore, including Rs 629 crore from retail lending. Rising credit demand in Tier Il and 1II cities, coupled with a focus on retail loans and the digital push via the Choice Money app, has driven operational efficiency and revenue growth. Choice Consultancy, the cornerstone of our Advisory business and contributor of 26% to total revenues, holds a strong order book of Rs 501 crore. Our focus on impactful grassroot-level government projects has driven successful execution and a steady flow of new mandates. During the quarter, Choice Group acquired Arete Capital Services Pvt. Ltd., which boosted its AUM from Rs 1,090 crore to Rs 5,577 crore. This strategic acquisition enhances Choice Broking's position in wealth management and investment advisory, expanding its capabilities to better serve HNIs and institutional clients. As we close the year on a strong note, our commitment at Choice International remains unwavering: to empower communities through tailored financial solutions that deliver consistent returns while prudently managing risk. Headquartered in Mumbai, Choice Group is a decade old organization, engaged in providing diversified services on finance, engineering and consulting activities. It has its membership and registration with SEBI, RBI, NSE, BSE, MCX, NCDEX, AMFI and depository participant with CDSL & NSDL. The counter hit an all-time high at Rs 606.20 in intraday today.
Business Upturn
22-04-2025
- Business
- Business Upturn
Choice International Q4 results: Revenue grows 18% YoY to Rs 253 crore, Net profit rises 35.8% YoY
Choice International Limited reported robust financial performance for the fourth quarter ended March 31, 2025. The company's consolidated revenue stood at Rs 255 crore, marking an 18% year-on-year rise compared to Rs 216 crore in the same quarter last year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at Rs 98 crore, up 42% YoY, with EBITDA margin improving to 38.54% from 32.05% in Q4 FY24. The company's net profit for the quarter grew by 36% to Rs 53 crore against Rs 39 crore in the previous year, with PAT margin at 20.98% versus 18.21%. The broking and distribution segment contributed 62% to the company's total revenue, generating Rs 129 crore in Q4. Meanwhile, the wealth business reported an AUM of Rs 5,577 crore, a remarkable 793% jump YoY. Insurance broking premium grew 49% YoY to Rs 93 crore. The company's NBFC business reported a total loan book of Rs 768 crore, with retail loans standing at Rs 629 crore and NNPA at just 0.83%. The advisory segment ended the quarter with an order book of Rs 501 crore. Managing Director Kamal Poddar said the company delivered resilient performance across all segments, highlighting strong user retention, platform efficiency, and expanding product offerings as key contributors. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
