CHOICEIN / Q3-FY26 / claim-ledger

Audit the questions that mattered.

Choice International · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ3-FY26 · 2026-02-10Back to quarter ↗

Questions audited

Answered directly

58%

Numeric claims

Consistency

contradicted

Question ledger

What was answered, and how?

Samrudi · DNS Capital

evasive

Update on India Post Payments Bank project, potential revenue and margins.

This project is for integrating our wealth services with the India Post payment banks distribution network... opens up a huge distribution channel... more than you know the numbers and margins it opens up an avenue for onboarding more and more customers.

Samrudi · DNS Capital

direct

Plans for gold ETF and timelines for active strategies.

In terms of product portfolio, currently we have gold ETF and next we would be going ahead with the index funds... In the next fiscal year, we will complement our basket on the commodity... Once these two stacks are completed, we will get into the active strategy.

Nikita Ma · Individual investor

partial

Key drivers behind 45% YoY revenue growth, contribution by segment.

The largest drivers are the increased trading activities from the retail investors... as our fixed costs are stable... we are able to expand on the margins... Similar expansion in the margins we have seen in the advisory business also.

Nikita Ma · Individual investor

direct

Sustainability of EBITDA margin expansion from 29.2% to 37.9%.

As we grow the top line the AITA margins are going to be sustained and even expand further... we foresee a bit margins to continue above the current levels.

Neil John · BNK securities

direct

Strategy to expand market share and client acquisition cost trends.

Our sourcing mechanism remains the physical channels... that is the larger philosophy... which is also helping us to keep the client acquisition cost stable. We don't see a major rise in the client acquisition cost.

Neil John · BNK securities

partial

MTF book performance and risk commentary.

Currently we are maintaining an average book of roughly around 370 to 400 cr rupees... we have placed robust internal risk management systems... Our target is to grow the MTF book very aggressively over the next one financial year.

Neil John · BNK securities

declined

Average client exposure on MTF front.

Neil unfortunately I don't have that number readily available with me but we will try to include that number in our earnings presentation next time.

Rohan Sha · Individual investor

evasive

Managing funding cost and liability mix to support 20-30% AUM growth.

We have been delivering this growth rate over the last five years and we are very much confident about maintaining a similar range... Specifically on the NBFC side, our AUM is largely contributed by the retail loans where we have physical presence... that will help us maintain high collection efficiency.

Rohan Sha · Individual investor

partial

Contribution of recent acquisition to FY26 execution in advisory.

On the recent acquisition of Ioliza consulting they have very good credentials of working with various governments... we will be able to expand onto the geographies... which will be adding up on our order book and therefore increasing our overall revenue.

Shri Sharma · Family office

direct

Plans for capex in FY26, technology investments, branch expansion.

On the tech side not major in the capex perspective... branch expansion is also not very significant... total expenses along with capex around 10 cr for broking division.

Shri Sharma · Family office

partial

Full year guidance on revenue growth and PAT growth.

We have been delivering double digit growth which has been upwards of 20 25%. We expect to maintain the similar growth rates over the next couple of years as well.

Mandira · Individual investor

direct

Strategy to accelerate client acquisition in tier 2 and tier 3 cities.

The physical expansion of our branches and our CBA network is going to contribute more... we have started building a digital client acquisition team... we are building the complete financial ecosystem for the end user.