Stonegate Capital Partners has updated its coverage on Choice International Ltd. (NSE: CHOICEIN) after the company delivered another strong quarter in the second quarter of fiscal year 2026. Consolidated revenue rose 14.0% year-over-year to ₹2.84 billion, supported by balanced growth across Broking & Distribution, Advisory Services, and NBFC operations. The company's EBITDA increased 27.5% year-over-year to ₹989.8 million, with margin expanding 368 basis points to 34.8%, driven by operating leverage, improving product mix, and continued digital adoption across customer channels.
The growth was broad-based, with wealth AUM up 327% year-over-year and the NBFC loan book up 56% year-over-year to approximately ₹7.2 billion. Profitability and asset quality remain healthy, with PAT up 22% year-over-year, NNPA at 2.79%, and a ₹6.66 billion government advisory order book supporting visibility. Management reiterated confidence in sustaining momentum into the second half of FY26.
For the full announcement, including downloadable images and bios, click here.
