Choice International posts record quarter, stock holds gain as NH Investment

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Net profit after tax rose 23% year-on-year to ₹69.47 crore for the quarter ended September 30, 2026, with a PAT margin of 18.33%; EBITDA came in at ₹130.63 crore, reflecting a margin of 34.47%

By Anupama Ghosh

Updated - November 03, 2026 at 01:23 PM.

Choice International Limited on Monday reported its strongest-ever quarterly performance, with consolidated revenue hitting ₹379 crore in Q2 FY27, up 33 per cent year-on-year, as the Mumbai-based financial services group benefited from broad-based growth across broking, wealth and advisory businesses.

Net profit after tax rose 23 per cent year-on-year to ₹69.47 crore for the quarter ended September 30, 2026, with a PAT margin of 18.33 per cent. EBITDA came in at ₹130.63 crore, reflecting a margin of 34.47 per cent.

Revenue from operations alone grew 36 per cent to ₹372.9 crore, though other income declined 36 per cent to ₹6.2 crore. Total expenses rose 36 per cent to ₹285.2 crore, driven by a 45 per cent jump in employee costs and a 49 per cent increase in finance costs.

The headline development following the quarter was the receipt of ₹900 crore from South Korea’s NH Investment & Securities into Choice Equity Broking’s bank account.

The funds are earmarked primarily for expanding the margin trade financing book, which stood at ₹463 crore at quarter-end, while the partnership is also expected to strengthen institutional, wealth and asset management capabilities.

On the broking front, the company added 1.73 lakh demat accounts during the quarter, taking the total to 13.78 lakh, up 14 per cent year-on-year.

Client assets under custody stood at ₹66,300 crore across 218 branches. Wealth management AUM reached approximately ₹6,047 crore, with equity mutual fund AUM growing 49 per cent to ₹3,013 crore. The NBFC loan book stood at ₹935 crore.

In investment banking, Choice managed five IPOs raising roughly ₹680 crore during the quarter, with one issue subscribed 177 times. Its pipeline comprises 24 mandates targeting estimated fundraising of ₹6,210 crore.

Shares of Choice International traded at ₹752.40 on the NSE at 12.52 pm on Tuesday, up 0.17 per cent on the day, giving the company a total market capitalisation of approximately ₹16,761 crore. The stock trades at a trailing P/E of 63.50 and remains around 12.5 per cent below its 52-week high of ₹860.50.

Published on November 3, 2026

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