Choice International (531358) Q4 24/25 earnings summary

Executive summary

• Diversified financial-services platform serving 13 lakh+ clients, with 192 branches, 49 project offices and 53,000+ Choice Business Associates.

• Operations span broking and distribution, NBFC lending, advisory and insurance; management expects insurance distribution to become a separate segment.

• Wealth AUM grew 5.12x in FY25 following the Arete Capital Services acquisition.

Financial highlights

• FY25 consolidated revenue from operations rose 21.38% to ₹91,038.21 lakh; net profit increased 24.34% to ₹16,271.36 lakh.

• Q4 FY25 revenue from operations was ₹25,300.03 lakh, up 17.92% YoY; net profit reached ₹5,351.67 lakh, up 35.84%.

• FY25 total income was ₹92,166 lakh, up 21.38%; total expenses rose 21.06% to ₹70,037 lakh.

• FY25 EBITDA was ₹295.9 crore, up 30%, with a 32.10% margin; Q4 EBITDA was ₹9,829 lakh, up 41.71%, with a 38.54% margin.

• FY25 consolidated PBT rose 22.39% to ₹22,129.69 lakh; Q4 PBT increased 33.97% to ₹7,394.70 lakh.

Outlook and guidance

• Plan to add 100 branches in the next FY, with a longer-term aim to reach nearly all of India’s ~800 districts, prioritizing semi-urban and Tier 3 markets.

• NBFC targeted to grow at 25%–30% CAGR and broking at 30%–35% over the next couple of years; lending focus includes MSMEs, prime borrowers and co-lending.

• Mutual fund operations to begin after SEBI final approval, with an ETF planned as the first product.

• Wealth plans target retail customers through branches and HNI/institutional clients through a dedicated central team, with wider fixed-income offerings and cross-selling.

• Digital priorities include end-to-end mutual fund payments, unified search and FinReels; lending focus also includes green-energy finance.