Broking AUM
₹52,482 Cr
+28% YoY
Stock broking AUM grew 28% year-on-year, driven by cash delivery segment focus.
CHOICEINTERNATIONAL
Other
15 May 2026
Choice International Ltd — Q4 FY26
Choice International delivered a strong Q4 FY26 with consolidated revenue of ₹314 crore (+23% YoY) and PAT of ₹68 crore (+27% YoY), driven by steady execution across broking, advisory, and NBFC segments.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
Choice International delivered a strong Q4 FY26 with consolidated revenue of ₹314 crore (+23% YoY) and PAT of ₹68 crore (+27% YoY), driven by steady execution across broking, advisory, and NBFC segments. EBITDA margin improved to 39.08%, reflecting operating leverage. Broking AUM grew 28% YoY to ₹52,482 crore, while advisory order book stood at ₹698 crore, providing 2-3 year visibility. Management guided for ~30% revenue and profit growth in FY27, with AMC AUM target of ₹1,000 crore. Key risks include concentration in advisory orders (Maharashtra/infrastructure) and potential market volatility impacting broking volumes.
Key Numbers
Demat Accounts
13 Lakh
+16% YoY
Demat account base grew to 13 lakh, supported by improved onboarding and wider product offering.
Insurance Premium
₹84 Cr
+14% YoY
Insurance premium collection grew 14% YoY, driven by broader partner network and digital platforms.
Advisory Order Book
₹698 Cr
-5% QoQ
Order book declined slightly due to Q4 execution focus; pipeline strong with bids worth ₹400 Cr+.
Management Guidance
30% revenue and profit growth target for FY27
Management targets ~30% year-on-year growth across revenue and profitability for FY27.
Management guidance growthAMC AUM target of ₹1,000 crore by FY27 end
The AMC business aims to achieve AUM of ₹1,000 crore by the close of FY27.
Management guidance growthIndia Post Payments Bank partnership to go live in Q1 FY27
Tech integration is ongoing; revenues expected from July 1, 2026.
Management guidance expansionInsurance mix target of 50/50 corporate vs retail
Management plans to maintain a 50/50 mix between corporate and retail insurance going forward.
Management guidance otherKey Risks
Advisory order concentration
Advisory orders are concentrated in Maharashtra and infrastructure consulting, posing a diversification risk.
medium · analyst_questionMarket volatility impact on broking volumes
While management downplayed near-term impact, sustained volatility could affect broking revenue growth.
medium · analyst_questionNBFC asset quality pressure from microfinance
GNPA rose during the year due to microfinance stress, though Q4 saw normalization; any reversal could hurt profitability.
medium · management_commentaryNotable Quotes
We have been constantly communicating as well as projecting internally to maintain a growth rate of around 30% on year-on-year basis across revenues and profitability.
Our focus during the quarter remained on strengthening our platform, expanding our reach and building partnerships while also growing our presence in areas such as public sector advisory.
The decline is largely driven by redemptions in the debt mutual funds which is natural because of the market sentiment where people tend to withdraw excess capital deployed in debt and invest in equities at better prices.
Frequently Asked Questions
What was Choice International's revenue in Q4 FY26?
Choice International reported revenue of ₹307 Cr in Q4 FY26, representing a +23% change compared to the same quarter last year.
What guidance did Choice International management give for FY27?
30% revenue and profit growth target for FY27: Management targets ~30% year-on-year growth across revenue and profitability for FY27. AMC AUM target of ₹1,000 crore by FY27 end: The AMC business aims to achieve AUM of ₹1,000 crore by the close of FY27. India Post Payments Bank partnership to go live in Q1 FY27: Tech integration is ongoing; revenues expected from July 1, 2026. Insurance mix target of 50/50 corporate vs retail: Management plans to maintain a 50/50 mix between corporate and retail insurance going forward.
What are the key risks for Choice International in FY27?
Key risks include Advisory order concentration — Advisory orders are concentrated in Maharashtra and infrastructure consulting, posing a diversification risk.; Market volatility impact on broking volumes — While management downplayed near-term impact, sustained volatility could affect broking revenue growth.; NBFC asset quality pressure from microfinance — GNPA rose during the year due to microfinance stress, though Q4 saw normalization; any reversal could hurt profitability..
Did Choice International meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Choice International Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.