Choice International Q3 PAT Soars 113%, Revenue Jumps 45%

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AuthorVihaan Mehta|Published at:
Choice International Q3 PAT Soars 113%, Revenue Jumps 45%
Overview

Choice International reported a stellar Q3 FY26, with PAT surging 113.35% YoY to ₹65.62 Cr and revenue climbing 44.91% to ₹303.36 Cr. Nine-month figures also show robust growth. Key segments like Wealth Management (AUM +328%) and NBFC (NIM +137 bps) excelled. Strategic acquisitions and a new contract with India Post Payments Bank are set to fuel future expansion.

📉 The Financial Deep Dive

  • The Numbers:
    • Revenue: Q3 FY26 consolidated revenue from operations stood at ₹303.36 Cr, a substantial 44.91% increase YoY from ₹209.34 Cr in Q3 FY25.
    • Profit After Tax (PAT): Witnessed a dramatic surge of 113.35% YoY, reaching ₹65.62 Cr compared to ₹30.74 Cr in the prior year.
    • EBITDA: Grew by 89.67% YoY to ₹117.01 Cr.
    • EBITDA Margins: Improved significantly from 29.17% in Q3 FY25 to 37.92% in Q3 FY26.
    • Nine-Month Performance (9M FY26): Revenue grew 24.61% YoY to ₹812.42 Cr, while PAT rose 55.74% YoY to ₹170.05 Cr. EBITDA for 9M FY26 was ₹302.80 Cr, up 53.24% YoY.
  • Segmental Strength & Quality:
    • Broking & Distribution: Client assets grew 22% YoY to ₹60,500 Cr.
    • Wealth Products: Assets Under Management (AUM) surged an impressive 328% YoY to ₹4,662.2 Cr.
    • NBFC Segment: Reported a loan book of ₹7,560 Cr. The Net Non-Performing Asset (NNPA) ratio was 2.83%, with a Capital Adequacy Ratio (CRAR) of 24.85%. Net Interest Margin (NIM) expanded by 137 basis points YoY to 12.25%.
  • Strategic Initiatives:
    • Acquisitions: Enhanced wealth distribution via Fintoo Group and Glory Prime Wealth Private Limited (adding ~₹510 Cr AUM). Bolstered infrastructure advisory with Ayoleeza Consultants Private Limited (pipeline of ₹200 Cr).
    • Key Contract: Awarded a significant contract by India Post Payments Bank (IPPB) to deploy a digital investment platform, leveraging IPPB's extensive network.
  • 🚩 Risks & Outlook:
    • The company's diversified model across broking, wealth management, NBFC, insurance, and advisory services, coupled with a tech-led approach and geographical expansion, positions it for continued growth.
    • Drivers include India's financialization trends and strategic expansion initiatives.
    • No specific risks were highlighted in the provided text.
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