Non-banking Financial Company Choice International announced Q1FY24 results:
- Q1FY24 v/s. Q1FY23:
- Total revenue of Rs 139.3 crore vs Rs 78.7 crore, up 77% YoY
- EBITDA of Rs 37.6 crore vs Rs 17.6 crore, up 114% YoY. EBITDA margins of 27% vs 22.3%
- PAT of Rs 21.3 crore vs Rs 7.7 crore, up 177% YoY. PAT margins of 15.3% v/s 9.8%
- Revenue contribution of 59% Stock Broking, 28% Advisory and 13% NBFC
- Q1FY24 v/s. Q4FY23:
- Total revenue of Rs 139.3 crore vs Rs 139.5 crore, down 0.14% QoQ
- EBITDA of Rs 37.6 crore vs Rs 47.4 crore, down 20.7% QoQ. EBITDA margins of 27% vs 34%
- PAT of Rs 21.3 crore vs Rs 30.3 crore, down 29.7% QoQ. PAT margins of 15.3% vs 21.7%
- The number of demat accounts increased by over 29% YoY to 721k
- AUM for stock broking stood at Rs 32,200 crore, higher by 102% YoY
- AUM for mutual funds stood at Rs 405.4 crore, a surge of 28% YoY
- Monthly SIP book increased by 53% YoY to Rs 5.2 crore
- Insurance premium generated Rs 33.8 crore, an increase of 186% YoY
- Loan book at the end of Q1FY24 stood at Rs 415.2 crore. Retail Loan Book for Q1FY24 stood at Rs 148.4 crore
- Net Non-Performing assets (NNPA) as on June 30, 2023, is 0.27%
- Advisory segment generated revenues of Rs 39.4 crore with an order book of Rs 527 crore