Choice International Ltd (BOM:531358)

Q1 2027 Choice International Ltd Earnings Call Transcript

Aug 11, 2026 / 10:30 AM GMT

Release Date Price: ₹822.55 (-2.69%)

Transcript

Key Points

Positve

Consolidated revenue grew 34% YoY to Rs 319 crore in Q1 FY27, with EBITDA margin at 35.75% and PAT up 26.37% YoY.
Strategic partnership with NH Investment and Securities includes a Rs 900 crore investment, expected to boost institutional broking, global reach, and MTF/technology capabilities.
Broking and distribution segment saw stockbroking AUMs rise 30% YoY to Rs 62,226 crore, with DMAT accounts up 13% YoY to 12.94 lakh.
NBFC loan book grew to Rs 836 crore with improved asset quality (NNPA at 2.74%), driven by in-house collections and a secured lending focus.
Advisory business has a strong order book of Rs 777 crore, providing revenue visibility for 2-3 years, and secured new government mandates worth Rs 191 crore.
Insurance premium collections grew 5% YoY to Rs 80 crore, with policy volume up 73% YoY, indicating strong traction.
AMC business received approval for a Cat-2 AIF, expanding alternative investment offerings, and plans to launch active schemes by FY27-end.

Negative

Revenue and profit have been flat sequentially over the last three quarters (Q3 FY26, Q4 FY26, Q1 FY27), raising concerns about near-term growth momentum.
The IPPB partnership integration is delayed, with customer onboarding now expected to start only from September 2026, later than initially guided.
Solar financing is a highly competitive market, and the company has had to reduce ROI to around 15%, which may pressure margins.
The AMC business is still in a setup phase and is not expected to reach breakeven for another 2-3 years, with no clear AUM target provided.
The NBFC segment currently has lower ROE compared to broking and advisory, and management expects it will take another year to improve returns.
Branch expansion is behind schedule, with only 10-20 branches opened so far against a target of 100 for the year, though management expects to reach 300-350 by March.
Management declined to provide specific revenue guidance for the IPPB partnership or Q2 FY27, citing early stage and integration uncertainties.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CFSL.NS - Choice International Ltd
Q1 2027 Choice International Ltd Earnings Call
Aug 11, 2026 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Q&FY27 Earnings Conference Call hosted by Choice International Limited. As a reminder, all participant clients will be in listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star and 0 on your touchstone phone. Please note that this conference is being recorded. I now hand over to. To Ms. Ashti Shah from AdFactors CR Investor Relations.

Thank you and over to you ma'am.

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Unidentified_2 [2]
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