Choice International Limited , a diversified financial services company, has reported strong financial results for the first quarter, demonstrating robust growth across its business segments.

Financial Highlights

The company reported a revenue of Rs. 238.00 crore for Q1, marking a 16% year-over-year growth. Notably, Choice International achieved a profit after tax (PAT) of Rs. 48.00 crore, representing an impressive 50% growth compared to the previous year. The PAT margin improved significantly to 20.16%.

EBITDA for the quarter stood at Rs. 87.00 crore, showing a substantial 49% growth, with margins expanding to 36.48%. This performance underscores the company's focus on operational efficiencies and prudent cost management.

Segment-wise Performance

The Broking and Distribution business, which contributes 60% of the total revenue, showed healthy traction with a 5% YoY growth. The NBFC segment reported a revenue of Rs. 39.00 crore, while the Advisory business contributed Rs. 60.00 crore to the top line.

Operational Highlights

Choice International has expanded its branch network to 208 locations, up from 149 a year ago, reflecting its commitment to strengthening its presence across the country. The number of demat accounts grew to 11.5 lakh, a 29% increase year-over-year, driven by digital onboarding capabilities and consistent client engagement.

Total client assets in the stock broking business reached Rs. 47,800.00 crore, growing by 16% YoY. Notably, the wealth products AUM saw a significant surge, growing 443% YoY to Rs. 4,769.00 crore.

The company's Choice Business Associate network expanded to over 58,000 associates, further enhancing its market reach.

Advisory Business Wins

The company's Advisory business secured new orders worth Rs. 63.50 crore across Maharashtra and Odisha. This includes a significant Rs. 52.80 crore World Bank-backed project with the Maharashtra Government, aimed at enhancing data-driven, growth-focused governance over a five-year period.

Growth Strategy

Choice International's management expressed confidence in maintaining a 25-30% growth rate for the next 3-4 years. The company plans to launch its first mutual fund ETF before Diwali, following SEBI's final approval process.

With its diversified business model and strategic initiatives, Choice International appears well-positioned for sustained growth in the coming quarters.

Choice International Limited (BSE: 531358, NSE: CHOICEIN) has announced plans to introduce its inaugural mutual fund product, featuring Exchange-Traded Funds (ETFs), ahead of the Diwali festival. This significant development was revealed during a recent conference call update, marking a new milestone for the company in the financial services sector.

SEBI Approval Secured

Choice International has received final approval from the Securities and Exchange Board of India (SEBI) for the launch of this new mutual fund product. This regulatory green light paves the way for the company to expand its offerings in the investment management space.

Strategic Timing

By targeting a pre-Diwali launch, Choice International appears to be strategically timing its entry into the mutual fund market. Diwali, a major festival in India, is often associated with new beginnings and investments, potentially providing a favorable backdrop for the introduction of this new financial product.

Focus on ETF Funds

The decision to feature ETF funds in its first mutual fund product suggests that Choice International is aligning with the growing trend of passive investing. ETFs typically offer lower costs, higher liquidity, and the ability to provide diversified exposure to various market segments.

Recent Financial Performance

While the news focuses on the upcoming product launch, it's worth noting that Choice International recently held an earnings conference call for its Q1 FY26 results. As per the LODR data, the company conducted this call on July 22, 2025, discussing its unaudited standalone and consolidated financial results for the quarter ended June 30, 2025.

Investor Relations

Choice International continues to maintain transparency with its investors. The company has made the audio recording of the earnings conference call available on its website, demonstrating its commitment to keeping shareholders informed about its financial performance and strategic initiatives.

The launch of this mutual fund product represents a significant step for Choice International as it expands its footprint in the financial services industry. Investors and market watchers will likely be keen to see how this new offering performs and how it fits into the company's broader growth strategy.