Company Overview

Choice International Limited (BSE: 531358, NSE: CHOICEIN) is a financial conglomerate with over a decade's expertise providing tech-led services. The company has a business footprint of 218 branch offices, 71,000+ Choice Business Associates, and 48 project offices across 24+ states and UTs. It employs 6,000+ team members including 260 in-house tech experts and serves 1.7 million+ clients.

Q2 FY27 Financial Performance

Consolidated Results (₹ Mn):

  • Revenue from Operations: ₹3,729 (Q2 FY26: ₹2,744), up 32.04% YoY
  • Other Income: ₹61 (Q2 FY26: ₹97)
  • Total Income: ₹3,790 (Q2 FY26: ₹2,841), up 33% YoY
  • Employee Benefit Expenses: ₹1,121 (Q2 FY26: ₹772)
  • Finance Costs: ₹306 (Q2 FY26: ₹206)
  • Depreciation and Amortization: ₹62 (Q2 FY26: ₹40)
  • Administrative and other Expenses: ₹1,363 (Q2 FY26: ₹1,079)
  • PBT: ₹938 (Q2 FY26: ₹744), up 26% YoY
  • Tax Expenses: ₹244 (Q2 FY26: ₹180)
  • PAT: ₹695 (Q2 FY26: ₹565), up 23% YoY
  • EBITDA Margin: 34.46% (Q2 FY26: 34.84%)
  • PAT Margin: 18.32% (Q2 FY26: 19.87%)

H1 FY27 Performance (₹ Mn):

  • Revenue from Operations: ₹6,827 (H1 FY26: ₹5,091)
  • Total Income: ₹6,980 (H1 FY26: ₹5,221), up 34% YoY
  • PAT: ₹1,301 (H1 FY26: ₹1,044), up 25% YoY
  • PAT Margin: 18.63% (H1 FY26: 20.00%)

Business Segment Highlights

Broking & Distribution:

  • Demat Accounts: 1,379K
  • Active Accounts: 242K+
  • Client Assets under Stock Broking: ₹663 Bn
  • MTF Book: ₹4,634 Mn
  • App Downloads: 3.30 Mn+

Advisory Services:

  • Operations in 24+ States & UTs
  • Order Book: ₹7.10 Bn
  • Ongoing IPO Mandates: 24
  • Tentative Fund Raising: ₹62.1 Bn

NBFC Operations:

  • Total Loan Book: ₹9.36 Bn
  • Retail Loan Book: ₹6.09 Bn
  • Provision Coverage Ratio: 24.73%
  • CRAR: 37.36%
  • NNPA: 2.44%

H1 FY27 Revenue Split:

  • Broking & Distribution: 42%
  • Advisory: 15%
  • NBFC: 12%
  • Other: 31%

Strategic Development

Choice International and NH Investment & Securities established a strategic partnership through a ₹9,000 million investment in Choice Equity Broking Private Limited. The transaction was completed on 27 October 2026 with primary capital infusion through Compulsory Convertible Preference Shares (CCPS). The capital will be deployed for:

  • Expansion of MTF book and settlement funding portfolio
  • Working capital & capital expenditure
  • Strategic acquisitions
  • Growth initiatives across broking and wealth management business

Digital Platform Enhancements

The company has strengthened its digital investment platform with:

  • Trader Mode launched in the app with advanced trading features
  • Unified Investment Platform tracking across all asset classes
  • Smart Discovery & Customer Activation features
  • Net Worth Consolidation via Account Aggregator
  • Portfolio Insights and Advanced Trading Power

Strategic Partnerships

India Post Payments Bank Partnership:

  • Nationwide Digital Mutual Fund distribution partnership
  • Product soft launch on 1 September 2026
  • Technology integration and testing completed
  • Regulatory and process alignment finalized
  • Operational readiness initiated

Investment Banking

Choice Capital Advisors Pvt. Ltd., a SEBI-registered Category-I Merchant Banker, executed 5 IPOs in Q2 FY27 across diverse sectors. The company has participated in 8 Main board IPOs and 13 SME IPOs, with multiple ₹1,000 Mn+ IPO mandates in FY26 and FY27 YTD.

Operational Metrics

  • Geographical Presence: 218 branch offices across 24 states & UTs
  • Team Strength: 6,000+ employees
  • Clientele: 1.7 million+
  • Business Associates: 71,000+

ESG Initiatives

The company focuses on:

  • Environment: Energy-efficient offices, energy usage and waste management
  • Social: Products for visually impaired/physical disability customers, disclosure aligned with UNSDG
  • Governance: Anti-bribery management system, increasing participation of women & people with disabilities

Board Members

The board includes Mr. Suyash Patodia (Joint Managing Director), Mr. Arun Poddar (Executive Director & CEO), Mr. Raj Kumar (Independent Director), and Mr. Sobhag Mal Jain (Independent Director).