Choice International Reports Record Q2 FY27 Performance, Total Income Rises 33% to Rs 3,790 Million
Choice International Q2 FY27 Financial Performance
Choice International Limited delivered strong financial results during the second quarter of FY27.
The company’s total income increased to Rs 3,790 million, marking 33% growth compared with the corresponding quarter of the previous year.
EBITDA grew 32% to Rs 1,306 million, while profit after tax increased 23% to Rs 695 million.
The performance reflects growth across the company's major business segments while maintaining healthy profit margins.
The company has also demonstrated consistent growth over the last five years. Since Q2 FY23, revenue has compounded at 48% annually, while profit after tax has compounded at 71%.
Choice International First Half FY27 Results
For the six months ended September 2026, the company reported strong growth across its key financial indicators.
- Total Income: Rs 6,980 million, up 34% YoY.
- EBITDA: Rs 2,447 million, up 32% YoY.
- Profit After Tax: Rs 1,301 million, up 25% YoY.
The results highlight the company's steady business growth during the first half of FY27.
Choice International Business Segment Performance
The company recorded growth across its major business verticals.
The revenue contribution during the first half of FY27 was led by Broking & Distribution at 55%, followed by Advisory at 32% and NBFC at 12%.
Stock Broking
Stock broking continued to contribute significantly to the company’s business. The segment reported 13.79 lakh demat accounts, representing 14% growth. Client assets increased 15% to Rs 663 billion, while the mutual fund investment book grew 42% to Rs 4,634 million.
Additional operating highlights included:
- 2.42 lakh+ NSE active accounts.
- Rs 15,989 million in ADT0.
- 10.8 million daily API requests.
- 3.30 million+ app downloads.
The company also launched Trader Mode in its mobile application, allowing users to place orders directly from charts, execute trades with one click and access pre-trade risk-reward information.
Wealth, Mutual Funds and Insurance
The wealth management, mutual fund and insurance business also reported strong growth. Wealth products AUM reached Rs 60,471 million, up 26%, while equity mutual fund AUM increased 49% to Rs 30,134 million.
The company also reported growth in monthly SIP bookings and insurance premium collections.
The company also sold 75,173 insurance policies. Corporate insurance premiums grew 28%, while retail premiums increased 27%.
Choice AMC reported AUM of approximately Rs 1,834.9 million, with 22,524 folios. Its Gold ETF also recorded strong category-level mobilisation.
Advisory and Investment Banking
The advisory and investment banking segment reported a consulting order book of Rs 7.10 billion and executed five IPOs during Q2 FY27.
The company also had 24 ongoing IPO mandates and a tentative funding pipeline of Rs 62.1 billion.
NBFC - Choice Finserv
Choice Finserv continued to expand its lending operations. The company reported a total loan book of Rs 9.36 billion and a retail loan book of Rs 6.09 billion.
Its capital adequacy ratio stood at 37.36%, while gross NPA was 3.22% and net NPA was 2.44%.
Additional operating highlights included collection efficiency of more than 95%, 11,707 active loans and a network of 75 branches across eight states.
The company has also set long-term targets for 2030, aiming to achieve Rs 25,000 million in MSME AUM and Rs 10,000 million in green finance AUM.
Choice International Major Business Developments
The company highlighted three important developments during the quarter and subsequent period.
NH Investment & Securities Invests Rs 9,000 Million
South Korea-based NH Investment & Securities completed a Rs 9,000 million investment in Choice Equity Broking on October 27, 2026.
The investment is expected to support the company's growth plans and strengthen its position in the financial services sector.
Choice Partners with India Post Payments Bank
India Post Payments Bank selected Choice to help bring mutual fund investment services to post offices across India.
During the 38-day pilot programme, 26,078 customers were onboarded, generating approximately Rs 11.2 million in AUM.
The initiative aims to extend mutual fund investment services through India Post Payments Bank's extensive network of approximately 1.6 lakh post offices and 13.5 crore account holders.
Choice AMC Launches Its First Active Fund
Choice Asset Management Company announced its first active mutual fund offering, marking an important step in expanding its investment management business.
The launch represents the company's move from passive investment products towards actively managed funds. Its existing product offerings include Nifty 50 and Nifty Next 50 index funds and a Gold ETF.
Choice International Management Insight
Mr. Arun Poddar, Executive Director and CEO of Choice International Limited, highlighted the company's strong quarterly performance and growth across business segments.
He stated that the company crossed Rs 3,700 million in quarterly revenue for the first time while maintaining healthy margins and a strong balance sheet.
He also highlighted the growth across broking, wealth, insurance, advisory and lending businesses.
Mr. Poddar acknowledged the contribution of employees and expressed confidence in the company's future growth plans.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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