Choice International Limited — Results, 11-07-2025: Reply to Clarification- Financial results

Choice International Limited has announced a board meeting on April 22, 2025, to consider the financial results for the quarter and half-year.

**Consolidated Financial Highlights (FY 2024-25):**

- Total income rose to Rs. 7593.36 lakhs from Rs. 6916.68 lakhs in the previous year.

- Net profit before tax stood at Rs. 7394.70 lakhs, up from Rs. 4331.06 lakhs.

- Profit after tax was Rs. 3073.66 lakhs compared to Rs. 3939.50 lakhs last year.

- Earnings per share (EPS) were Rs. 2.68 (basic) and Rs. 2.62 (diluted).

- Segment-wise, Broking Services led revenue at Rs. 5501.87 lakhs, followed by Advisory and NBFC services.

- Total consolidated assets were Rs. 36193.21 lakhs, with equity share capital at Rs. 1995.79 lakhs.

**Standalone Financial Highlights (FY 2024-25):**

- Revenue from operations was Rs. 2445.84 lakhs, with total income at Rs. 2496.21 lakhs.

- Profit before tax increased to Rs. 1143.69 lakhs from Rs. 299.46 lakhs.

- Profit after tax was Rs. 834.01 lakhs versus Rs. 189.89 lakhs previously.

- EPS stood at Rs. 5.06 (basic) and Rs. 5.06 (diluted).

- Total standalone assets were Rs. 5201.25 lakhs, with equity share capital at Rs. 1996.55 lakhs.

**Key Corporate Actions:**

- Issuance of 2.31 crore warrants at Rs. 300 each for growth funding; 25% consideration received with balance due on conversion within 18 months.

- Allotment of 2.76 lakh equity shares under the stock option scheme, including bonus issue benefits.

- Acquisition of retail lending business by subsidiary Choice Finserv Private Limited for Rs. 171.19 Cr, recognizing goodwill of Rs. 54.06 Cr.

- Acquisition of 100% shares in Arete Capital Services Private Limited by Choice Equity Broking Private Limited, recognizing goodwill of Rs. 26.10 Cr.

- Incorporation of new wholly owned subsidiary Choice Trustees Services Private Limited.

**Cash Flow Overview (Consolidated):**

- Operating cash flow was negative at Rs. 3643.26 lakhs due to working capital changes.

- Investing activities used Rs. 16100 lakhs, mainly on property, plant, equipment, and investments.

- Financing activities generated Rs. 4921.79 lakhs, supported by proceeds from share warrants and borrowings.

**Audit Status:**

- The statutory auditors, MSKA & Associates, have issued an unmodified opinion on both consolidated and standalone financial results.

Choice International continues to focus on expanding its broking, advisory, and NBFC services, supported by strategic acquisitions and capital raising initiatives.