How Did Choice International's Q2 Net Profit Surge Over 21%?
Synopsis
In a remarkable financial turn, Choice International Limited reported a significant increase in its net profit for Q2 FY26, showcasing a 21.5% growth year-on-year. With robust revenues and strategic expansion, the firm continues to solidify its position in the brokerage and financial services sector.
Key Takeaways
Net profit for Q2 FY26 reached Rs 56.46 crore , a 21.5% increase YoY.
Total revenue rose to Rs 284.09 crore , up 14% YoY .
EBITDA increased 27% YoY to Rs 98.98 crore .
59% of revenue derived from stock broking .
Demat accounts grew to 12.05 lakh , a 29% increase YoY.
Mumbai, Oct 16 (NationPress) Choice International Limited, a financial services and brokerage firm, announced that its net profit for the second quarter of the current fiscal year (Q2 FY26) reached Rs 56.46 crore, marking a significant 21.5 percent increase compared to the same period last year (YoY).
The company had reported a net profit of Rs 46.45 crore in Q2 FY25. Additionally, the profit saw a rise of over 17 percent quarter-on-quarter (QoQ) from Rs 47.96 crore during the April-June timeframe.
For the period spanning July to September, the firm’s total revenue was recorded at Rs 284.09 crore, which is a 14 percent YoY increase from Rs 249.20 crore and a 19 percent QoQ growth from Rs 237.95 crore, as per its filing with the exchange.
Furthermore, the company reported an impressive 27 percent YoY growth in its EBITDA for the quarter, totaling Rs 98.98 crore, compared to Rs 77.6 crore in the same quarter last year. The EBITDA also demonstrated a 14 percent increase QoQ, rising from Rs 86.8 crore.
During this period, 59 percent of the company's revenue was generated from stock broking, while 26 percent came from advisory services and 15 percent from the NBFC segment.
As of September 30, the number of demat accounts reached 12.05 lakh, reflecting a 29 percent increase YoY. Meanwhile, the assets under management (AUM) for its wealth products stood at Rs 4,807 crore.
The total loan book for the NBFC segment by the end of Q2 FY26 was recorded at Rs 716 crore, with the retail loan segment amounting to Rs 536 crore.
“After a strong start to the fiscal year, Choice maintained its growth trajectory in Q2 and H1 FY26, showcasing robust performance across its various business segments and an expanding national presence. Our unwavering commitment to operational excellence and a customer-first approach continues to drive our progress,” stated Kamal Poddar, Managing Director of Choice International Limited.
He further mentioned that during this quarter, their consulting division, Choice Consultancy Services Private Limited (CCSPL), secured project mandates totaling approximately Rs 140 crore across diverse sectors including housing, agriculture, MSME development, water resource management, and urban planning.
Point of View
It is evident that Choice International Limited's latest financial results reflect not only their strategic foresight but also their commitment to excellence in the financial services industry. With a robust growth trajectory, the company is well-positioned to meet the evolving demands of the market.
NationPress
12 May 2026
Frequently Asked Questions
What was Choice International's net profit for Q2 FY26?
Choice International's net profit for Q2 FY26 was reported at Rs 56.46 crore, showing a remarkable 21.5% increase year-on-year.
How much did the company's revenue grow in Q2 FY26?
The company’s total revenue for the July-September period stood at Rs 284.09 crore, reflecting a 14% year-on-year growth.
What sectors contributed to Choice International's revenue?
59% of the revenue came from stock broking, 26% from advisory services, and 15% from the NBFC segment.
How many demat accounts does Choice International have?
As of September 30, the number of demat accounts stood at 12.05 lakh, marking a 29% increase year-on-year.
What is the total loan book for the NBFC segment?
The total loan book for the NBFC segment at the end of Q2 FY26 was Rs 716 crore, with Rs 536 crore being retail loans.
