StockWatch
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CHOICE INTERNATIONAL LTD.

BSE: 531358

P/L Snapshot

Q1 FY27 · standalone

vs Q4 FY26·vs Q1 FY26
Revenue
11.77
+21.4%+67.3%
Expenditure
5.32
+8.2%+6.5%
Net Profit
4.50
+25.6%+187.7%
OPM %
59.13%
+2.95pp+20.96pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
-2.241.645.519.3913.27Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Price Chart
Reports

Strong YoY Growth Masked by Sequential Caution and Unproven Advisory Pivot

AUM growth · advisory pivot · NBFC expansion

Result verdictFollow-upQ1 FY2719 Aug 20266 min

Strong growth tempered by modest QoQ softness; strategic NH synergies ahead

AUM growth · NBFC expansion · branch rollout

TranscriptDeep diveQ1 FY2719 Aug 20266 min

Choice Intl Q1FY27: consol PAT +26% YoY to ₹60.6 Cr as advisory margins nearly halve

advisory margin compression · nbfc profitability · broking growth

ResultsQ1 FY2710 Aug 20263 min
Latest
Board Meeting10 Aug, 8:30 pm

Choice Intl Q1FY27: consol PAT +26% YoY to ₹60.6 Cr as advisory margins nearly halve

Choice International's consolidated revenue rose 32.45% YoY to ₹309.79 Cr (+1.00% QoQ), while PAT grew a slower 26.37% YoY to ₹60.61 Cr and actually fell 10.66% QoQ from ₹67.84 Cr. Owners' share of PAT was ₹55.30 Cr (+22.83% YoY). PAT growth trailing revenue growth YoY is a margin-compression signal: net profit margin came in at 19.0% of total income versus 20.2% a year ago and 21.6% last quarter, while operating margin (revenue less employee and other operating costs) was 33.8% versus 35.4% YoY and 37.7% QoQ. Basic EPS was ₹2.72, up from ₹2.38 YoY but down from ₹3.05 QoQ. The compression is concentrated in the Advisory segment, where PBT margin nearly halved to 28.0% from 40.3% a year ago — PBT grew just 5.9% YoY to ₹25.55 Cr even as segment revenue jumped 52.2% YoY to ₹91.28 Cr. NBFC segment PBT fell 36.9% YoY to ₹4.46 Cr (margin 10.0% vs 18.3% YoY), though it more than doubled sequentially from ₹2.28 Cr in Q4FY26. Offsetting both, Broking & Distribution — still the largest segment at ₹172.25 Cr of revenue — expanded PBT margin to 28.0% from 22.4% YoY on PBT of ₹48.27 Cr (+58.9% YoY) and alone accounted for over 60% of total segment PBT. Group finance costs rose 31% YoY to ₹27.68 Cr and depreciation more than doubled to ₹6.44 Cr from ₹2.79 Cr, tracking balance sheet growth (total segment assets ₹3,736 Cr vs ₹2,803 Cr YoY). No street/consensus estimates for this specific quarter turned up after searching, and the company has no formal guidance or prior concall commentary on record — both vsStreet and vsGuidance are unknown rather than assumed. Standalone (holding-company-only) PAT was ₹4.50 Cr versus ₹1.56 Cr YoY, not comparable in scale or nature to the consolidated print given the entity's disclosed role as pure capital-allocation/managerial oversight vehicle with no operating segments. During the quarter the company completed two small 100%-stake bolt-on acquisitions — Choice Unified Services Private Limited (formerly Optimo Investment Adviser, ₹0.1 Cr) and Ellora Solutions Private Limited (₹0.12 Cr) — both immaterial in size. Alongside these results, the board also approved a CFO transition (Ayush Sharma replacing Manoj Singhania, who continues in another management role). The standout item outside the quarter's own numbers is a July 9, 2026 announcement — after quarter-end, not reflected in these financials — of a ₹900 Cr strategic investment from South Korea's NH Investment & Securities into Choice Equity Broking Private Limited via compulsorily convertible preference shares. That deal's eventual terms and completion, alongside whether Advisory segment margins recover from this quarter's compression and whether NBFC's sequential PBT rebound holds, are the key markers for the next quarter.

10 Aug 2026, 08:30 pm

Corporate Events

Board MeetingCHOICEIN
2026
26Sep

Board Meeting

The 33rd Annual General Meeting ("AGM") of the Company is sc…

BSE Filing
Board MeetingCHOICEIN
2026
10Aug

Board Meeting

To consider and approve the Un-Audited Standalone and Consol…

BSE Filing
Board MeetingCHOICEIN
2025
22Apr

Board Meeting

Consider and approve the Audited Standalone and Consolidated…

BSE Filing
Board MeetingCHOICEIN
2024
22Oct

Board Meeting

consider and approve The Un - Audited Financial

BSE Filing
Board MeetingCHOICEIN
2024
6May

Board Meeting

Consider and approve the Audited Standalone and Consolidated…

BSE Filing
Board MeetingCHOICEIN
2024
23Apr

Board Meeting

Consider and approve proposal for raising funds

BSE Filing
BonusCHOICEIN
2024
20Feb

1:1

BSE Filing
Board MeetingCHOICEIN
2024
15Jan

Board Meeting

Consider and approve Un-Audited Standalone and Consolidated …

BSE Filing
Board MeetingCHOICEIN
2023
16Oct

Board Meeting

Consider and approve Un-audited Standalone and Consolidated …

BSE Filing