Stonegate Capital Partners has updated its coverage on Choice International Ltd. (NSE: CHOICEIN), following the company's robust performance in the second quarter of fiscal year 2026. The company's consolidated revenue rose 14.0% year-over-year to ₹2.84B, supported by balanced growth across its Broking & Distribution, Advisory Services, and NBFC operations. EBITDA increased 27.5% year-over-year to ₹989.8B, with margins expanding 368 basis points to 34.8%, reflecting strong operating leverage, an improving product mix, and continued digital adoption across customer channels.
Key highlights from the quarter include a 327% year-over-year surge in wealth assets under management (AUM) and a 56% increase in the NBFC loan book to approximately ₹7.2B. Profitability metrics remained healthy, with profit after tax (PAT) up 22% year-over-year and net non-performing assets (NNPA) at 2.79%. Management reiterated confidence in sustaining momentum into the second half of FY26, supported by a ₹6.66B government advisory order book that provides clear visibility.
For more details, view the full announcement here. The report underscores Choice International's ability to drive margin improvement while scaling its lending and wealth management businesses, positioning the company for continued growth in a competitive financial services landscape.
