Choice International Limited — Updates, 29-01-2025: Press Release

Choice International Limited reported a strong performance for the quarter and nine months ended December 31, 2024. Total revenue for Q3 FY25 reached ₹212 Cr, a slight increase from ₹210 Cr year-over-year. However, EBITDA decreased to ₹62 Cr, down from ₹69 Cr, resulting in an EBITDA margin of 29.17%. PAT also fell to ₹31 Cr from ₹40 Cr, with PAT margins decreasing to 14.53%.

For the nine-month period, total revenue increased by 23% to ₹667 Cr, with EBITDA up 25% to ₹198 Cr, and PAT rising 19% to ₹109 Cr. Key business highlights included significant growth in demat accounts (up 24% to 998K) and a 38% increase in Stock Broking AUM to ₹46.5K Cr. The wealth products segment saw an impressive 99% growth in AUM, reaching ₹1,090 Cr. The NBFC segment reported a loan book of ₹754 Cr with an NNPA of 0%, while insurance operations generated a premium of ₹73 Cr, reflecting a 43% increase.

Looking ahead, Choice remains committed to navigating market challenges and leveraging growth opportunities, supported by strategic moves such as acquiring the retail lending business and receiving SEBI approval to establish a mutual fund. The company is well-positioned for sustainable growth in a robust financial landscape.