Choice International

“On the advisory side, our existing order book stands at Rs. 710 crore.”

“Broking and distribution segment contributed close to around 52% of consolidated revenue during the quarter, reporting revenue of Rs. 178 crore and profit before tax stood at approximately Rs. 42 crore.”

“We added roughly 1.73 lakhs demat accounts, taking our total count to 13.78 lakh, representing a 14% YoY growth.”

“Our distribution network now comprises 218 branches, while client assets and the custody stand at Rs. 66,300 crore.”

“Moving to wealth distribution, our total AUM stood at approximately Rs. 6,000 crore, comprising mutual fund AUM of approximately Rs. 4,100 crore, PMS and AIF at around Rs. 291 crore.”

“Within mutual funds, equity AUM grew 49% YoY to around Rs. 3,013 crore from Rs. 2,023 crore a year ago, while PMS and AIF AUM increased 127% from Rs. 128 crore.”

“Our ADTO across all segments declined by 12% during the quarter, broadly in line with the market trends.”

“So, we expect that we are at the right level of activation currently.”

“With the current book spread across more than 2,200 stocks, we do not view the moderation alone as a sign of systematic risk.”

“Our focus on tier three and the smaller cities is more or less driven by the fundamental belief that the major wave of growth in India's financial sector will come from the Bharat only.”

“Our distribution led model is one of the key differentiators with the peers, so we will have an additional strength in terms of our physical strength and all.”

“EBITDA stood at roughly around Rs. 131 crore, growing 32% YoY while maintaining a margin of 34.5%.”

“Profit after tax reached approximately Rs. 70 crore, increasing 23% YoY with a PAT margin of 18.3%.”

“they get a payout of anywhere between 15% to up to 40% depending on the product which they sell.”

“So, the yield ranges anywhere between 60 basis points to 75 basis points.”

“I feel after the Feedback Infrastructure, the margins will improve, the reason being in the higher project size, there is some barrier kind of entries because of the credential.”

“Last week, we completed the Rs. 900 crore strategic investment by NH Investment & Securities of South Korea in Choice Equity Broking, marking an important chapter in Choice journey.”

“Our MTF book now stands at Rs. 463 crore and remains a key growth priority, with funds received from NH Investment and Securities intended primarily to support its expansion.”

“These are mixed end uses, not a segregated end uses where the entire Rs. 900 crore can be either utilized for MTF, settlement funding, capital expenditure, working capital, etcetera.”

“We have issued them the CCPS, conversion is still far. There are certain conditions depending on which the conversion ratio will be decided.”

“We have put the money to use after 27th October. So, it's almost been a week only. We are confident that this money will be put to use in this quarter.”

“Order flow analysis is currently offered by only two other brokers in India, positioning Choice's platform for its next phase of growth.”

“the pilot launched in selected cities has received an encouraging response, onboarding over 25,000 customers and generating an AUM of roughly around Rs. 1.12 crore.”

“An important milestone in the proposed acquisition of Feedback Infra was the receipt of a Letter of Intent from the Resolution Professional, confirming the Committee of Creditors’ approval for our resolution plan.”

“So, in next quarter or so, Feedback Infra will be the part of Choice.”

“The existing order book in hand would be Rs. 300 crore plus and the last year their turnover was around Rs. 70 crore.”

“We have also announced a bonus issue in the ratio of 1:1, and I would like to thank our shareholders for their continued trust and the support.”

“So, we are very confident that we don't foresee any such major impact on the commissions in this particular space in near future.”

“If the proposed framework is implemented, there could be some pressure on the commission's income with the extent depending on the final guidelines and our product mix.”

“Since we are into micro lab kind of business, this product is impacted because of the microfinance turbulences, which we have seen in the industry. So, that has impacted the margins slightly over the last couple of quarters.”

“However, the October repo-rate increase from 5.25% to 5.50% could raise funding costs as borrowings reprice, reinforcing the importance of protecting lending spreads, maintaining underwriting standards, and the monitoring collections.”

“But because the net worth is negative, they have not filed the new project in last couple of years.”

“Q2 FY27 was the strongest quarter in our history, with a revenue of Rs. 379 crores, up to 33% YoY basis, and PAT of Rs. 69 crore, up 23% YoY basis.”

“The profitability is driven by both broking and advisory businesses equally.”

“As the MTF portfolio grows, the corresponding revenue will certainly be added to the overall P&L, sir.”