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Choice International's Stellar Q2: Profits Soar 21% Amid Robust Growth

Choice International has demonstrated impressive financial performance in Q2 FY26, with a significant 21.5% year-on-year increase in net profit. The company's diversified revenue streams, including stock broking, advisory, and NBFC segments, have contributed to its robust growth. Notably, the firm has expanded its demat accounts by 29% and secured project mandates worth Rs 140 crore across various sectors. Management remains optimistic about the company's strategic focus on operational excellence and customer-centricity.

Key Points: Choice International 21% Profit Rise Q2 Financial Services

  • 21.5% YoY net profit increase to Rs 56.46 crore
  • Total revenue rises 14% to Rs 284.09 crore
  • 59% revenue from stock broking
  • Demat accounts grow 29% YoY to 12.05 lakh
2 min read

Choice International's Q2 net profit jumps over 21 pc to Rs 56 crore

Choice International reports remarkable 21.5% net profit jump in Q2, driven by strong performance across stock broking, advisory, and NBFC segments.

"Building on a strong start to the year, Choice sustained its growth momentum in Q2 and H1 FY26 - Kamal Poddar, Managing Director"

Mumbai, Oct 16

Choice International Limited, a brokerage and financial services firm, on Thursday reported its net profit for the second quarter in current fiscal (Q2 FY26) at Rs 56.46 crore, up 21.5 per cent year-on-year (YoY).

The financial service company had posted a net profit of Rs 46.45 crore in the same quarter a year ago (Q2 FY25). The company's profit jumped over 17 per cent quarter-on-quarter (QoQ), as well, from Rs 47.96 crore in the April-June period.

Meanwhile, the Mumbai-based firm's total revenue for the July-September period stood at Rs 284.09 crore, up 14 per cent YoY from Rs 249.20 crore and 19 per cent QoQ from Rs 237.95 crore, according to its exchange filing.

The company reported a 27 per cent YoY rise in its EBITDA for the quarter at Rs 98.98 crore, from Rs 77.6 crore in the same quarter a year ago. EBITDA also rose 14 per cent QoQ from Rs 86.8 crore.

The company said that 59 per cent of its revenue during the period came from stock broking, 26 per cent from advisory and 15 per cent from NBFC.

Till September 30, the demat account number stood at 12.05 lakh, up 29 per cent YoY. Meanwhile, assets under management (AUM) for wealth products stood at Rs 4,807 crore.

The firm's total Loan book for the NBFC segment at the end of Q2 FY26 stood at Rs 716 crore, of which the retail loan book for Q2 FY26 stood at Rs 536 crore.

"Building on a strong start to the year, Choice sustained its growth momentum in Q2 and H1 FY26, with robust performance across businesses and an expanding national footprint. Our continued focus on operational excellence and customer-centricity remains key to our progress," said Kamal Poddar, Managing Director, Choice International Limited.

"During the quarter, our consulting arm, Choice Consultancy Services Private Limited (CCSPL), secured project mandates worth approximately Rs 140 crore across housing, agriculture, MSME development, water resource management, and urban planning," he added.

- IANS

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Reader Comments

R
Rohit P
Solid numbers across the board - revenue up 14%, EBITDA up 27%, and demat accounts crossing 12 lakh. The retail loan book at ₹536 crore shows good traction in NBFC segment. Bullish on this stock for long term.
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Arjun K
While the numbers look good, I'm concerned about the heavy reliance on stock broking (59% revenue). Market volatility can impact this significantly. Hope they continue diversifying into advisory and consulting businesses. Still, good quarter overall.
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Sarah B
The wealth AUM of ₹4,807 crore is impressive! Shows growing trust in their wealth management services. The consulting projects in housing and agriculture align well with India's development priorities. Smart strategic moves.
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Michael C
QoQ growth of 17% in profit and 19% in revenue indicates sustained momentum. The 12+ lakh demat accounts milestone is significant in today's competitive brokerage space. Well done Choice International! 🚀
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Kavya N
As a small investor, I appreciate companies that show consistent growth. The fact that they're expanding into MSME development and urban planning consulting shows they're thinking beyond just broking. Good for long-term sustainability.

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