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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹307 Cr
verified against source
Revenue YoY
23%
reported change
EBITDA
₹123 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
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.
Colored figures show movement against the previous available record.
Guidance to track
- Management targets ~30% year-on-year growth across revenue and profitability for FY27.
- The AMC business aims to achieve AUM of ₹1,000 crore by the close of FY27.
- Tech integration is ongoing; revenues expected from July 1, 2026.
- Management plans to maintain a 50/50 mix between corporate and retail insurance going forward.
Risks flagged
- Advisory orders are concentrated in Maharashtra and infrastructure consulting, posing a diversification risk.
- While management downplayed near-term impact, sustained volatility could affect broking revenue growth.
- GNPA rose during the year due to microfinance stress, though Q4 saw normalization; any reversal could hurt profitability.
Key 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.
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