Choice International Earnings Call Transcripts
Fiscal Year 2027
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Q2 revenue reached a record INR 379 crore, up 33% YoY, with PAT up 23%. A INR 900 crore strategic investment will support MTF expansion, while growth priorities include digital products, distribution, advisory, and asset management.
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Q1 FY27 revenue rose 34% YoY to ₹319 crore and PAT increased 26.37% to ₹61 crore. Management sees growth from the ₹900 crore strategic investment from Q3, with proceeds directed mainly to MTF and settlement capacity.
Fiscal Year 2026
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FY26 revenue rose 24% and PAT 46%, with growth across broking, advisory and NBFC. Management targets ~30% revenue and profitability growth, alongside FY27 expansion in AMC and the IPPB platform.
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Q3 revenue rose 46% YoY and PAT rose 114%, with EBITDA margin at 37.92%. Management expects continued 20%-25%+ growth and is expanding distribution, wealth products and secured lending.
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H1 FY26 revenue rose 15% YoY to INR 522 crore and PAT rose 33% to INR 104 crore. Broking, NBFC and advisory growth was complemented by new AMC products and branch expansion plans.
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Q1 FY26 revenue rose 16% YoY and PAT 50%, with growth across the business and a larger branch network. Management targets 25%-30% consolidated growth over the next three to four years, while emphasizing technology-led margin support and expansion across verticals.
Fiscal Year 2025
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FY25 revenue rose 21% to ₹921.7 crore and PAT increased 24% to ₹162.7 crore. Growth plans emphasize branch expansion, NBFC lending, broking and wealth, while acquisitions and a planned ETF launch broaden the platform.