Advisory order concentration
Advisory orders are concentrated in Maharashtra and infrastructure consulting, posing a diversification risk.
CHOICEINTERNATIONAL / Q4-FY26 / risks
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Choice International · Material risks, their source context, and severity in the latest available quarter.
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Risk intelligence
Material risks this quarter
medium
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.