Choice International Q2FY27 Revenue Surges 33% to ₹379 Crore; Recommends 1:1 Bonus Issue
Choice International reported a record Q2 FY27 with consolidated revenue up 33% to ₹379 crore and net profit up 23% to ₹69.47 crore. The Board recommended a 1:1 bonus share issuance. The company secured a ₹900 crore investment from NH Investment & Securities and saw its loan book grow to ₹935 crore.
The strong financial results, recommendation for a bonus issue, and a significant strategic investment from an international entity are material events that are likely to have a high impact on the company's stock performance and investor sentiment.
The company reported its strongest-ever quarterly performance with significant year-on-year growth in revenue and profit, coupled with a recommended bonus issue and a substantial strategic investment, all indicating positive financial health and future growth prospects.
Choice International Limited announced its unaudited financial results for the quarter ended September 30, 2026, reporting its strongest quarter to date. The consolidated revenue from operations reached ₹379 crore, marking a significant 33% year-on-year increase from ₹284 crore in Q2 FY26. Consolidated net profit saw a 23% rise to ₹69.47 crore, with a Profit After Tax (PAT) margin of 18.33%. The consolidated EBITDA stood at ₹130.63 crore, maintaining a healthy margin of 34.47%.
The company's Board of Directors has recommended the issuance of bonus shares in the ratio of 1:1, subject to shareholder approval.
Key business developments include a strategic investment of ₹900 crore from South Korea's NH Investment & Securities into Choice Equity Broking, aimed at expanding its MTF (Margin Trading Facility) and supporting broader business growth. The NBFC loan book expanded to ₹935 crore, with a focus on retail lending. The government advisory business secured an order book of ₹710 crore, and the investment banking division handled five IPOs raising approximately ₹680 crore, with a pipeline of 24 mandates estimated at ₹6,210 crore.
Customer-facing metrics also showed growth, with Demat accounts increasing by 14% year-on-year to 13.78 lakh. Assets under custody were reported at ₹66,300 crore, and the MTF book stood at ₹463 crore. The wealth distribution segment saw significant growth in mutual fund AUM and structured/fixed-income products. The insurance business sold 75,173 policies, generating ₹81 crore in premiums.
Commenting on the performance, Mr. Kamal Poddar, Managing Director, highlighted the strategy of building complementary businesses and leveraging shared resources. He emphasized the significance of the NH Group investment for future growth and expansion of institutional, wealth, and asset management capabilities.
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Choice International Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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