loader2
Partner With Us NRI

Company details

233.00
235.95
56.74
251.00
6M Return 111.70%
1Y Return 278.05%
Mkt Cap.(Cr) 1,165.29
Volume 1,213
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 1,213

Open Free Demat Account Online with ICICIDIRECT

SWOT

  • swot

  • technicals

  • deals

  • shareholding


EMA SMA

Delivery and volume

Rapid Results

Q1FY23 Quarterly Result Announced for Choice International Ltd.

Finance firm Choice International announced Q1FY23 Result :

  • Q1 Revenue grows by 24.1% YoY
  • Retail lending recorded 22.3 Mn digital lending loan book within 15 days of launch
  • Revenue Growth of 24.1% YoY to Rs. 745 Mn
  • EBITDA of Rs. 176 Mn; Margin of 22.3%
  • Net Profit of Rs. 77 Mn; Margin of 9.8%
  • 61% revenue share form broking service compared to 27% from Advisory and 12% from NBFC

Commenting on the initiative, Mr. Kamal Poddar, Managing Director said: “Building on our stellar performance during FY22, we recorded a strong start of the fiscal year 2023. We at Choice are confident of continuing our growth journey driven by our resilient business model due to the diverse nature of our business. I am glad to showcase our achievement during the Q1 FY23. Customer confidence on Choice broking service continued to remain strong reflected through increase in number of Demat accounts by 21% and number of Active clients by 7.5%, on QoQ basis. Choice ranked 16th as per NSE’s active UCC list. Further to this assets held by our stock broking clients increased to Rs. 160 bn a growth of over 80% YoY. Similarly, AUM for mutual funds stood at Rs. 3,176 mn. We generated insurance premium of Rs 118 mn, a growth of 99% YoY.

NBFC business was one of our prime focuses during the quarter and we continue to build a strong team to facilitate our transformation from institutional lending to retail lending which is expected to be one of primary driver for future growth. We started digital lending for retail during the quarter with a focus on Tier 3-5 cities, which received a very encouraging initial response. Our retail Loan book stood at Rs 22.3 Mn within the first 15 days of launch. During the quarter our total Loan Book grew by 13% YoY to Rs. 3.22 Bn. The execution of Jal Jeevan mission project during the quarter was in line with our expectation, which is part of our Advisory business. During the quarter we experienced growth of 25% YoY for this segment to Rs. 207 mn.

During the quarter, our revenue recorded a robust growth of 24.1% to Rs. 745 Mn and expect this growth trajectory to continue going forward. Our consolidated EBITDA and PAT for Q1 FY23 was Rs. 176 mn and Rs. 77 mn, respectively. Our consolidated margins during the quarter were impacted due to higher cost on account of launch of new retail lending business during the quarter, we expect the margins to normalize on full year basis. “

Result PDF

Financials

  • Profit and loss statement

  • Balance sheet

  • Quarterly Result

  • Ratio

Sales(Cr.)

Operating Profit(Cr.)

Profit after Tax(Cr.)

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after tax

PE

Debt/Equity

P BV

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 410.00 Cr FV: 10.00
Period MF Net Purchase / (sold) FII Net
LAST 1M 3,213.79 10,702.06
LAST 3M 4,765.78 66,293.35
LAST 6M 78,132.76 -40,125.32
LAST 12M 202,528.75 -192,001.24
  • Announcement
  • Corporate action
  • No Data Found

Date Action Type Ratio
Sep 22, 2022 Bonus 1:1

Information

  • About Company
  • Company Info
  • Listing Info
49.28
51.45%
37.0097
18.31%
18.18%
Description
  • Choice International was established in 1993 with the vision to provide performance-enhancing advisory services to global corporations. Since then, the firm has built a strong reputation globally as a provider of business consulting solutions targeting diverse facets of running a business enterprise.

Read More

Registered Address

Shakambari Corporate Park, 156-158 J B Nagar Andheri (E), Mumbai, Maharashtra, 400099

Tel : 91-022-67079999
Email : info:choiceindia.com
Website : http://www.choiceindia.com

Registrar

Sharex Dynamic (India) Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 531358
NSE Code : CHOICEIN
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE102B01014

ICICIdirect Choice International Ltd FAQ

You can buy Choice International Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Choice International Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Sep 26, 2022 09:25 AM the closing price of Choice International Ltd was ₹ 234.20.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Sep 26, 2022 09:25 AM, the market cap of Choice International Ltd stood at ₹ 1,165.29.
The latest PE ratio of Choice International Ltd as of Sep 26, 2022 09:25 AM is 49.28
The latest PB ratio of Choice International Ltd as of Sep 26, 2022 09:25 AM is 0.15
The 52-week high of Choice International Ltd is ₹ 251.00 while the 52-week low is ₹ 56.74 .

Thank you for subscribing to Equity/ Equity Research/MF/FnO Newsletter. You will hear from us shortly.

for your vote

CLOSE