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Choice International Q4 FY26 PAT Jumps 27% to Rs 68 Cr; FY26 PAT Surges 46% YoY
Choice International Limited delivered strong financial results for FY26, with annual revenue growing 24.18% to Rs 1,145 crore and PAT surging 46.21% to Rs 238 crore. The company achieved significant operational efficiency, with EBITDA margins expanding by 507 basis points to 37.17% for the full year. Growth was broad-based across segments, with client assets in stock broking rising 28% to Rs 52,482 crore and Mutual Fund AUM increasing 35% to Rs 2,311 crore. A strategic partnership with India Post Payments Bank and a robust advisory order book of Rs 698 crore provide strong visibility for future growth.
Key Highlights
FY26 PAT grew 46.21% YoY to Rs 238 Cr, while Q4 FY26 PAT rose 26.76% to Rs 68 Cr.
Full-year EBITDA margins expanded by 507 bps to 37.17% compared to 32.10% in FY25.
Stock broking client assets reached Rs 52,482 Cr, marking a 28% YoY growth.
Advisory segment maintains a healthy order book of Rs 698 Cr with Rs 55 Cr in new government mandates.
NBFC loan book stood at Rs 800 Cr at the end of Q4 FY26, with a retail focus.
💼 Action for Investors
Investors should note the significant margin expansion and the company's successful diversification into advisory and NBFC segments. The strong growth in client assets and strategic distribution tie-ups make it a compelling growth story in the financial services space.
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Choice International Reports Strong FY26 Growth with 46% PAT Surge to ₹2,379 Mn
Choice International Limited delivered a robust financial performance for FY26, with consolidated revenue growing 24% YoY to ₹11,445 Mn. The company's profitability saw a significant jump, with PAT increasing by 46% to ₹2,379 Mn and EBITDA rising 44% to ₹4,254 Mn. Key growth drivers included the Broking & Distribution segment, which reached 1.26 million Demat accounts, and a 28% growth in Wealth AUM to ₹525 Bn. The company is aggressively expanding its physical footprint while integrating AI into its FinX platform to drive retail engagement.
Key Highlights
FY26 PAT grew 46% YoY to ₹2,379 Mn, while EBITDA rose 44% to ₹4,254 Mn
Wealth Management AUM increased 28% YoY to ₹525 Bn with 255K+ active accounts
Demat accounts reached 1.26 million, marking a 16% YoY growth in the broking segment
NBFC segment maintained a loan book of ₹8.00 Bn with a Provision Coverage Ratio of 32.04%
Advisory segment boasts a strong order book of ₹6.98 Bn across 20+ States and UTs
💼 Action for Investors
Investors should monitor the company's successful transition into a tech-led financial conglomerate with a high PAT CAGR of 70% over FY21-26. The focus on expanding to every Indian district and integrating AI for retail advisory suggests strong future scalability.
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Choice International Approves Q4 & FY26 Audited Results with Unmodified Audit Opinion
Choice International Limited's Board of Directors approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, during their meeting on April 23, 2026. The company's Chief Financial Officer confirmed that the statutory auditors, M/s. M S K A & Associates LLP, issued an audit report with an unmodified opinion, signifying clean financial reporting. Furthermore, the company clarified that it does not meet the SEBI criteria for a 'Large Corporate' for the period. The meeting, which lasted two and a half hours, concludes the formal annual financial reporting process for the fiscal year.
Key Highlights
Board approved audited standalone and consolidated financial results for the full year ended March 31, 2026.
Statutory auditors M/s. M S K A & Associates LLP issued an unmodified opinion on the financial statements.
Company confirmed it is not classified as a 'Large Corporate' under SEBI circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172.
The board meeting commenced at 3:00 P.M. and concluded at 5:30 P.M. on April 23, 2026.
💼 Action for Investors
Investors should examine the detailed financial tables once released to evaluate year-on-year growth in revenue and margins. The unmodified audit opinion is a positive indicator of financial transparency and reporting integrity.
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Choice International Seeks Approval for ₹3,000 Crore Investment Limit and New Director
Choice International Limited has issued a postal ballot notice to seek shareholder approval for two special resolutions. The primary resolution involves increasing the limit for granting loans, providing guarantees, and making investments up to ₹3,000 Crore under Section 186 of the Companies Act. Additionally, the company is seeking the appointment of Mrs. Barnali Mukherjee as a Non-Executive Independent Director for a five-year term. The e-voting period for these resolutions is set from April 11, 2026, to May 10, 2026.
Key Highlights
Proposed enhancement of investment, loan, and guarantee limits to ₹3,000 Crore.
Appointment of Mrs. Barnali Mukherjee as Independent Director for a 5-year tenure starting March 27, 2026.
E-voting period scheduled from April 11, 2026, to May 10, 2026, with results by May 12, 2026.
The ₹3,000 Crore limit is over and above the statutory limits of 60% of paid-up capital or 100% of free reserves.
💼 Action for Investors
Investors should monitor the company's future deployment of the ₹3,000 Crore capital limit to understand its expansion or lending strategy. Shareholders are encouraged to participate in the e-voting process before the May 10 deadline.
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Choice International Appoints Former SEBI CGM Barnali Mukherjee as Independent Director
Choice International Limited has appointed Mrs. Barnali Mukherjee as an Additional (Non-Executive) Independent Director for a five-year term, effective March 27, 2026. Mrs. Mukherjee brings over 30 years of extensive experience in finance and securities market regulation, having served as a Chief General Manager at SEBI from 1994 to 2024. Her expertise spans policy making, market regulation, and enforcement actions, which is expected to significantly strengthen the company's corporate governance framework. This appointment is subject to shareholder approval within the next three months.
Key Highlights
Mrs. Barnali Mukherjee appointed as Independent Director for a 5-year term starting March 27, 2026.
Brings over 30 years of experience in finance and regulatory matters related to the securities market.
Served at SEBI for 30 years (1994-2024), retiring as a Chief General Manager.
Currently serves as a Public Interest Director at India International Clearing Corporation (IFSC) Limited.
Expertise includes policy making, compliance, and enforcement actions related to market misconduct.
💼 Action for Investors
This is a positive development for long-term investors as it enhances the board's oversight and regulatory expertise. The move reinforces confidence in the company's commitment to high governance standards.
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Choice International Launches Nifty 50 and Nifty Next 50 Index Funds via Choice Mutual Fund
Choice International's subsidiary, Choice Mutual Fund, has announced the launch of two new passive investment products: the Choice Nifty 50 Index Fund and the Choice Nifty Next 50 Index Fund. The New Fund Offer (NFO) for both schemes is scheduled to open on March 19, 2026, and close on April 2, 2026. This expansion into index funds leverages Choice Group's existing infrastructure of 211 branch offices and a client base of over 14 lakhs. The move is aimed at increasing the company's presence in the asset management space and growing its fee-based income.
Key Highlights
NFO for Nifty 50 and Nifty Next 50 Index Funds opens March 19, 2026, and closes April 2, 2026.
The Nifty 50 Index Fund targets companies representing approximately 44% of the free-float market capitalization on the NSE.
Choice International currently serves over 14 lakh clients through 211 branch offices and 63,000+ business associates.
The launch aims to provide structured equity exposure to India's top 100 companies through a passive investment framework.
💼 Action for Investors
Investors should monitor the AUM growth of these new funds as they will contribute to the company's long-term recurring revenue. The successful scale-up of the mutual fund business could lead to a re-rating of the stock as it diversifies from pure brokerage.
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Choice International to Acquire Remaining 50% Stake in Choice Insurance for ₹62.5 Crore
Choice International Limited has received IRDAI approval to acquire the remaining 50% equity stake in its subsidiary, Choice Insurance Broking India Private Limited. The company is purchasing 6,60,000 shares at ₹947 per share for a total cash consideration of ₹62.50 crore. Following this transaction, Choice Insurance will become a wholly-owned subsidiary of the company. The target entity has shown significant growth, with its turnover rising from ₹6.08 crore in FY23 to ₹88.59 crore in FY25.
Key Highlights
Acquisition of 6,60,000 equity shares at ₹947 per share, totaling ₹62.50 crore
Choice Insurance Broking becomes a 100% Wholly Owned Subsidiary post-acquisition
Target entity reported a turnover of ₹88.59 crore and net worth of ₹19.66 crore for FY25
Insurance broking revenue grew exponentially from ₹6.08 crore in FY23 to ₹88.59 crore in FY25
Necessary regulatory approval from IRDAI has been successfully obtained
💼 Action for Investors
This consolidation of a high-growth insurance vertical is a positive strategic move. Investors should monitor the impact on consolidated margins as the company gains full control over the subsidiary's cash flows.
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Choice International Subsidiary Declared Successful Bidder for Feedback Infra via IBC
Choice International's material subsidiary, Choice Consultancy Services Private Limited (CCSPL), has been declared the Successful Resolution Applicant for Feedback Infra Private Limited. The Committee of Creditors (CoC) has approved the resolution plan with a requisite majority and issued a Letter of Intent (LOI) to CCSPL. This acquisition, conducted under the Insolvency and Bankruptcy Code (IBC), marks a significant expansion for Choice's consultancy vertical. Final implementation remains subject to approval from the National Company Law Tribunal (NCLT) and other regulatory bodies.
Key Highlights
Material subsidiary CCSPL declared as the Successful Resolution Applicant for Feedback Infra Private Limited.
Letter of Intent (LOI) received following CoC approval under the Insolvency and Bankruptcy Code, 2016.
The acquisition is pending final approval from the Hon’ble National Company Law Tribunal (NCLT).
Strategic move to scale the company's consultancy business through inorganic growth.
💼 Action for Investors
Investors should watch for upcoming disclosures regarding the financial consideration of the bid and the expected timeline for NCLT approval. The successful integration of Feedback Infra's assets could provide a substantial boost to Choice International's service portfolio and revenue.
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Choice International Acquires 51% Stake in Fintoo Wealth for Rs 10 Crore
Choice International Limited has completed the acquisition of a 51% controlling stake in Fintoo Wealth Private Limited for a total consideration of approximately Rs 10 crore. Fintoo Wealth is a SEBI-registered Investment Adviser that operates an AI-driven digital platform for goal-based financial planning. This strategic move is intended to bolster Choice's technology-driven wealth management segment and create cross-selling synergies. While the target's current turnover is modest at Rs 25 lakhs, the acquisition provides Choice with advanced digital advisory capabilities.
Key Highlights
Acquisition of 51% equity stake (5,20,408 shares) at a price of Rs 192.15 per share.
Total cash consideration for the transaction is INR 9,99,96,397.
Target entity Fintoo Wealth reported a turnover of Rs 25 lakhs and a net worth of Rs 27.62 lakhs for FY25.
The acquisition has received the necessary regulatory approval from SEBI.
Fintoo Wealth operates as an AI-based digital advisory platform for comprehensive financial planning.
💼 Action for Investors
Investors should monitor how Choice International integrates this AI-driven platform to scale its wealth management business. This acquisition is a positive step toward digitizing their advisory services and could improve long-term fee-based income.
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Choice International Q3 FY26 PAT Surges 114% YoY to Rs 65.6 Cr; Revenue Up 46%
Choice International reported a stellar Q3 FY26 with revenue growing 46% YoY to Rs 308.6 Cr and PAT more than doubling to Rs 65.6 Cr. The company's EBITDA margins expanded significantly by 875 bps to 37.92%, driven by strong performance across its stock broking, advisory, and NBFC segments. Key growth drivers included a 328% surge in Wealth AUM to Rs 4,662 Cr and the strategic acquisition of wealth distribution businesses. The operational commencement of its AMC business and a new partnership with India Post Payments Bank further strengthen its long-term growth outlook.
Key Highlights
Net Profit (PAT) jumped 113.5% YoY to Rs 65.62 Cr, while Revenue grew 45.9% to Rs 308.6 Cr.
EBITDA margins saw a massive expansion of 875 basis points YoY, reaching 37.92%.
Wealth management AUM witnessed a staggering 328% YoY growth, reaching Rs 4,662 Cr.
Strategic expansion via acquisitions of Fintoo Group, Glory Prime Wealth, and Ayoleeza Consultants.
Advisory segment maintains a strong order book of Rs 748 Cr and NBFC loan book reached Rs 756 Cr.
💼 Action for Investors
The company is demonstrating high-growth momentum with significant margin expansion and successful diversification into AMC and wealth management. Investors should monitor the integration of recent acquisitions and the scalability of the IPPB partnership as key future catalysts.
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Choice International Q3 PAT Surges 114% YoY to ₹656 Mn; Wealth AUM Jumps 328%
Choice International Limited reported a stellar performance for Q3 FY26, with consolidated PAT rising 114% YoY to ₹656 million and revenue increasing 46% to ₹3,086 million. The company's Wealth Management segment saw an explosive 328% YoY growth in AUM to ₹46,622 million, significantly aided by the acquisitions of Fintoo Group and Glory Prime Wealth. The Broking division continues to expand its footprint with 1.23 million Demat accounts, while the Advisory arm maintains a robust order book of ₹7.48 billion. Financial health remains strong with an NBFC loan book of ₹7.56 billion and a high CRAR of 50.53%.
Key Highlights
Q3 FY26 Revenue grew 46% YoY to ₹3,086 million, while EBITDA rose 90% to ₹1,170 million.
Wealth Products AUM skyrocketed 328% YoY to ₹46,622 million following strategic acquisitions in Western India.
Demat accounts reached 1.23 million, a 24% YoY increase, with 86% of clients coming from Tier II cities and below.
The Advisory segment holds a strong order book of ₹7.48 billion with ongoing IPO mandates worth ₹97 billion.
NBFC segment reported a total loan book of ₹7.56 billion with a Net NPA of 2.83% and a Provision Coverage Ratio of 24.85%.
💼 Action for Investors
Investors should view the strong triple-digit PAT growth and aggressive wealth management expansion as highly positive indicators of the company's scaling capabilities. Monitor the successful integration of recent acquisitions and the company's ability to maintain margins as it targets presence in every Indian district over the next three years.
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Choice International Approves Q3 and 9M FY26 Un-Audited Financial Results
Choice International Limited's Board of Directors met on February 03, 2026, to approve the un-audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The meeting, which lasted approximately two hours and forty-five minutes, concluded with the adoption of the financial statements and the Limited Review Report from the auditors. This filing represents a key regulatory milestone for the third quarter of the 2025-26 fiscal year. Investors should now examine the detailed financial annexures to evaluate the company's operational performance and growth trajectory.
Key Highlights
Approval of un-audited standalone and consolidated financial results for Q3 FY26.
Results cover the nine-month period ending December 31, 2025.
Board meeting commenced at 1:00 P.M. and concluded at 3:45 P.M. on February 03, 2026.
Audit Committee reviewed and recommended the results prior to Board approval.
Limited Review Report from the Statutory Auditors has been submitted to the exchanges.
💼 Action for Investors
Investors should review the specific revenue and profit figures in the detailed financial tables to assess the company's health. Compare these results against previous quarters to identify trends in the financial services segment.
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Choice Wealth Bags Strategic IPPB Contract to Serve 11.67 Crore Customers
Choice International's step-down subsidiary, Choice Wealth, has secured a landmark contract from India Post Payments Bank (IPPB) to act as a Mutual Fund Aggregator and Investment Service Provider. This partnership allows Choice to leverage IPPB's massive network of 1.64 lakh banking access points and its customer base of approximately 11.67 crore people. The company will deploy a comprehensive digital platform offering mutual fund services and robo-advisory solutions across 650 districts. This strategic move is expected to significantly scale Choice's distribution reach and contribute to long-term growth in its wealth management business by targeting underserved rural and semi-urban markets.
Key Highlights
Choice Wealth to serve as Mutual Fund Aggregator for IPPB's 11.67 crore customer base.
Access to IPPB's network of 1,64,237 banking points and 1.86 lakh field staff across 650 districts.
Platform will provide online Mutual Fund aggregation and Robo-Advisory services via mobile and mATM devices.
Choice International currently serves 14 lakh+ clients with a network of 58,000+ business associates.
💼 Action for Investors
This partnership is a significant growth catalyst that provides Choice with unparalleled access to India's rural and semi-urban markets. Investors should monitor the execution of this rollout and the subsequent growth in Assets Under Management (AUM) from this new channel.
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Choice International Allots 79.88 Lakh Shares on Warrant Conversion; Raises ₹179.72 Crore
Choice International Limited has completed the conversion of its final batch of warrants, allotting 79,87,667 equity shares to Plutus Wealth Management and Soansrishti Properties. The company received the remaining 75% consideration for these warrants, amounting to approximately ₹179.72 crore at a conversion price of ₹300 per share. With this allotment, the total 2.31 crore warrants issued in June 2024 are now fully converted, and no warrants remain outstanding. The total paid-up equity share capital of the company has increased to ₹222.78 crore, consisting of 22.28 crore shares.
Key Highlights
Allotment of 79,87,667 equity shares at a conversion price of ₹300 per share
Total capital raised in this final tranche amounts to ₹179.72 crore
Plutus Wealth Management LLP was allotted 66,66,667 shares; Promoter group entity received 13,21,000 shares
Total paid-up capital increased to ₹222.78 crore across 22.28 crore shares
100% of the 2.31 crore warrants issued in June 2024 are now fully converted with zero outstanding
💼 Action for Investors
Investors should note the successful capital infusion and the completion of the warrant conversion cycle, which reflects strong commitment from both institutional and promoter groups. The fresh capital strengthens the company's balance sheet for future growth, though the resulting equity dilution is now fully reflected in the share capital.