Choice International Targets 35-40% Revenue CAGR, Focuses on Tech-Enabled Services
Choice International Limited has announced plans to achieve a 35-40% compound annual growth rate (CAGR) in revenue. The company's strategy focuses on expanding its tech-enabled wealth management and NBFC verticals, along with growing its government advisory business. Recent Q2 results show positive trends, with total revenue up 14% year-over-year to ₹284.10 crore, EBITDA growing 27.45% to ₹98.98 crore, and PAT rising 21.55% to ₹56.46 crore. Key business segments, including Broking & Distribution, Wealth Management, NBFC, and Advisory, all demonstrated growth. The company has also received SEBI approval for Choice AMC Private Limited and secured new project mandates worth ₹140 crore in various sectors.

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Choice International Limited has announced ambitious growth plans, targeting a compound annual growth rate (CAGR) of 35-40% for its revenue. The company's strategy centers on expanding its tech-enabled wealth management and Non-Banking Financial Company (NBFC) verticals, while also growing its government advisory business.
Focus on Tech-Enabled Services
Choice International is placing a strong emphasis on leveraging technology to drive growth in its wealth management and NBFC segments. This tech-focused approach aims to enhance service delivery and operational efficiency across these key business areas.
Expansion of Government Advisory Business
The company has identified government advisory services as another area for expansion. This move could potentially diversify Choice International's revenue streams and strengthen its position in the public sector consulting space.
Strong Annuity Income Visibility
Choice International highlighted its strong annuity income visibility, suggesting a stable and predictable revenue base. This recurring income stream could provide a solid foundation for the company's ambitious growth targets.
Recent Financial Performance
The company's Q2 financial results support its growth narrative:
Metric | Performance |
---|---|
Total revenue | Increased by 14% year-over-year to ₹284.10 crore |
EBITDA | Grew by 27.45% to ₹98.98 crore |
PAT | Rose by 21.55% to ₹56.46 crore |
Business Segment Highlights
Choice International's diverse business segments showed positive trends:
Segment | Performance |
---|---|
Broking & Distribution | Demat accounts grew 29% YoY to 12.05 lakh, with client assets under stock broking increasing 25% to ₹57,600 crore |
Wealth Management | AUM for wealth products surged 327% YoY to ₹4,807 crore |
NBFC | Total loan book stood at ₹716 crore, with the retail loan book at ₹536 crore |
Advisory | The segment's order book reached ₹666 crore |
Strategic Initiatives
Recent corporate actions align with the company's growth strategy:
- Choice AMC Private Limited received final SEBI approval to act as the Asset Management Company for Choice Mutual Fund, marking the company's entry into investment management.
- Choice Consultancy Services Private Limited secured project mandates worth approximately ₹140 crore across various sectors including housing, agriculture, MSME development, water resource management, and urban planning.
These initiatives demonstrate Choice International's commitment to diversifying its financial services platform and expanding its presence in high-growth areas.
As Choice International pursues its growth targets, investors and market observers will be closely watching the company's ability to execute its tech-enabled strategy and capitalize on opportunities in wealth management, NBFC services, and government advisory.
Historical Stock Returns for Choice International
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.10% | +2.97% | -0.29% | +52.72% | +68.24% | +992.29% |