Choice International (531358) Q1 25/26 earnings summary

Executive summary

• Q1 FY26 consolidated revenue from operations was ₹23,388.25 lakh, up 16.57%; EBITDA was ₹8,680 lakh, up 49.06%; PAT was ₹4,796.11 lakh, up 49.88% YoY.

• The branch network grew to 208 from 149 a year earlier, with 48 project offices supporting national expansion.

Financial highlights

• Consolidated total income was ₹23,795.60 lakh and PBT ₹6,288.70 lakh, versus ₹20,593.99 lakh and ₹4,339.97 lakh in Q1 FY25.

• QoQ, revenue from operations declined 7.56%, EBITDA 11.69% and PAT 10.39%.

• Standalone revenue was ₹703.26 lakh and PAT ₹156.44 lakh, versus ₹700.28 lakh and ₹299.59 lakh a year earlier.

• Consolidated total comprehensive income was ₹4,938.56 lakh, compared with ₹3,179.01 lakh in Q1 FY25.

Outlook and guidance

• Management targets consolidated YoY growth of 25%-30% over the next three to four years, with EBITDA margins near current levels and potential tech-led improvement.

• Plans include 100 new broking locations in FY26 and presence in every district within three years.

• NBFC plans to prioritize AUM growth across its current 75 branches this year; targets include ₹10 Bn in green-finance AUM and ₹25 Bn in MSME-finance AUM by 2030.

• First mutual fund launch, initially an ETF, is targeted before Diwali, subject to final exchange approval.