Choice International (531358) Q3 25/26 earnings summary

Executive summary

• Q3 and 9M FY26 results were approved on February 3, 2026, with limited-review conclusions from auditors.

• Q3 consolidated revenue from operations was ₹30,336.44 lakh and PAT ₹6,562.26 lakh; Broking and Advisory led segment profit growth.

Financial highlights

• Q3 total income was ₹30,860 lakh, up 45.92% YoY; EBITDA was ₹11,701 lakh, up 89.67%, and PAT was ₹6,562.26 lakh, up 113.47%.

• Q3 revenue from operations rose 44.91% YoY and 10.54% QoQ to ₹30,336.44 lakh.

• 9M revenue from operations was ₹81,242.04 lakh, up 23.58% YoY; PAT was ₹17,004.69 lakh, up 55.74%.

• Standalone Q3 revenue was ₹773.94 lakh versus ₹639.42 lakh YoY; PAT was ₹68.13 lakh versus ₹189.89 lakh.

Outlook and guidance

• Management expects growth of 20%-25% or more over the next couple of years; NBFC AUM growth target is 20%-30% over the same period.

• NBFC targets ₹10 billion in green-finance AUM and ₹25 billion in MSME-finance AUM by 2030.

• Broking plans a presence in every district over the next three years, focused on sustainable reach and client outreach.

• Insurance distribution targets growth north of 25%; the MTF book is targeted for aggressive expansion next financial year.

• AMC plans Gold FoF, Silver ETF/FOF and debt funds in Q4 FY26, followed by index funds/ETFs and active strategies in FY27, subject to approvals and market factors.