Stonegate Capital Partners has updated its coverage on Choice International Ltd. following the company's second-quarter fiscal year 2026 results. The financial services firm reported consolidated revenue of ₹2.84 billion, representing a 14.0% year-over-year increase. This growth was supported by balanced performance across its Broking & Distribution, Advisory Services, and Non-Banking Financial Company operations.
EBITDA saw a more pronounced rise of 27.5% year-over-year to ₹989.8 billion, with margins expanding by 368 basis points to 34.8%. This improvement was attributed to operating leverage, an improving product mix, and continued digital adoption across customer channels. Management expressed confidence in sustaining this momentum through the second half of FY26.
The company's wealth management assets under management grew by 327% year-over-year, while the NBFC loan book increased by 56% to approximately ₹7.2 billion. Profit after tax rose by 22% year-over-year, with net non-performing assets standing at 2.79%. The government advisory order book of ₹6.66 billion provides visibility into future revenue streams.
For business leaders and technology investors, Choice International's results demonstrate how traditional financial services firms can achieve significant growth through digital transformation and diversified service offerings. The company's performance suggests that Indian financial markets continue to offer substantial opportunities despite global economic uncertainties. The balanced growth across segments indicates resilience against sector-specific downturns, while the margin expansion shows effective cost management alongside revenue growth.
The digital adoption across customer channels represents a broader trend in financial services where technology integration drives both customer acquisition and operational efficiency. For industry observers, Choice International's success with its NBFC operations while maintaining asset quality at 2.79% NNPA provides a case study in risk-managed expansion. The company's full announcement with downloadable images and additional details is available at https://www.reportable.com.
