Choice International , a leading financial services conglomerate, has reported a robust performance for the first quarter, with significant growth across key financial metrics. The company also unveiled plans for rapid expansion across multiple business verticals, leveraging its technology and fintech platform.

Financial Highlights

For the quarter ended June 30, Choice International reported:

• Consolidated revenue from operations of ₹2,338.82 crore, up 16.57% year-over-year (YoY)
• EBITDA of ₹868.00 crore, marking a substantial 49.06% increase YoY
• Net profit after tax of ₹479.61 crore, surging 49.88% YoY
• EBITDA margin improved to 36.48% from 28.28% in the same quarter last year
• Earnings per share (EPS) rose to ₹2.38, compared to ₹1.61 in the same quarter last year

Segment Performance

The company's performance was driven by strong growth across its key business segments:

Expansion Plans

Mr. Kamal Poddar, Managing Director of Choice International, outlined the company's growth strategy:

"Choice has commenced on a strong footing, building upon the solid momentum of the previous year. We are focusing on expanding our lending operations, pursuing advisory projects, and promoting financial inclusion through our technology platform."

Key expansion initiatives include:

• Increasing branch network: The company expanded its branch footprint to 208 locations from 149 a year ago.
• Government advisory mandates: Secured new mandates worth ₹130 crore during the quarter.
• Corporate insurance focus: Strengthening teams across priority clusters to tap into the corporate insurance segment.
• Wealth management: Strategic thrust on Ultra High Net Worth Individuals (UHNI) and corporate clients.
• Green finance: Actively pursuing opportunities in rooftop solar funding alongside MSME offerings.

Operational Highlights

• Demat accounts grew by 29% YoY to 11.50 lakh
• Client assets under stock broking increased by 16% YoY to ₹47,800 crore
• AUM for wealth products surged by 443% YoY to ₹4,769 crore
• Insurance premium generated rose by 62% YoY to ₹76 crore

Management Commentary

Mr. Poddar added, "This quarter witnessed encouraging progress across all business segments, driven by our focus on operational excellence and a customer-first approach. With this steady start, we remain optimistic about the remainder of the year and committed to delivering consistent, long-term value for all our stakeholders."

Corporate Governance

The company also announced the re-appointment of Mr. Subodh Kumar Agrawal and Mr. Sandeep Kumar Singh as Non-Executive Independent Directors for a second term of five consecutive years, subject to shareholder approval at the upcoming Annual General Meeting.

Choice International's strong quarterly performance and ambitious growth plans reflect its commitment to leveraging technology and expanding its presence in the financial services sector. As the company continues to diversify its offerings and strengthen its market position, investors and stakeholders will be watching closely to see how these strategies unfold in the coming quarters.

Choice International Limited (BSE: 531358, NSE: CHOICEIN), a leading financial services conglomerate, has announced strong financial results for the first quarter of fiscal year 2026, showcasing significant growth across key metrics.

Financial Highlights

• Consolidated revenue from operations increased by 16.57% year-over-year to ₹233.88 crore in Q1 FY26, up from ₹200.64 crore in Q1 FY25.
• EBITDA surged by 49.06% to ₹86.80 crore, compared to ₹58.23 crore in the same period last year.
• EBITDA margin expanded significantly to 36.48% from 28.28% year-over-year.
• Consolidated net profit (PAT) jumped 49.88% to ₹47.96 crore, up from ₹32.00 crore in Q1 FY25.
• Earnings per share (EPS) for the quarter stood at ₹2.38, compared to ₹1.61 in Q1 FY25.

Segment Performance

The company's performance was driven by strong growth across its three main business segments:

Operational Highlights

• The number of Demat accounts grew by 29% year-over-year to 11.50 lakh.
• Client assets under stock broking increased by 16% to ₹47,800 crore.
• Assets Under Management (AUM) for wealth products surged by 443% to ₹4,769 crore.
• Insurance premium generated grew by 62% to ₹76 crore, with the number of policies sold increasing by 46% to 39,182.
• The total loan book for the NBFC segment stood at ₹745 crore at the end of Q1 FY26.

Strategic Developments

During the quarter, Choice International made several strategic moves to strengthen its market position:

1. Converted 60,00,000 warrants into equity shares, raising ₹135 crore.
2. Invested ₹500 crore in Choice AMC Private Limited, making it a wholly-owned subsidiary.
3. Further invested ₹995.18 crore in its subsidiary, Choice Finserv Private Limited.
4. Expanded its branch network to 208 locations from 149 a year ago.

Management Commentary

Mr. Kamal Poddar, Managing Director of Choice International, commented on the results: "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."

He further added, "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's robust Q1 FY26 performance demonstrates the company's resilience and growth potential in the dynamic financial services sector. With its diversified business model and strategic initiatives, the company is well-positioned to capitalize on emerging opportunities in the Indian financial market.