Choice International Sees Profit Surge Amidst Strong Business Growth
Choice International reported a 50% increase in consolidated profit to Rs 47.96 crore for the June 2025 quarter, driven by growth across business verticals. Revenue rose 16% to Rs 237.95 crore. Despite sequential declines, the company expanded operations, with a significant boost in demat accounts and a 443% wealth business growth.
- Country:
- India
Financial services company Choice International announced a 50 percent rise in its consolidated profit for the quarter ending June 30, 2025, reaching Rs 47.96 crore. This growth is attributed to robust expansions across its business sectors and improved operational efficiencies.
The company's revenue for the quarter increased by 16 percent to Rs 237.95 crore, with stock broking contributing the majority share of 60 percent, advisory services at 24 percent, and the NBFC segment accounting for 16 percent. Despite this growth, the revenue and profit figures showed a decline when compared to the preceding March quarter.
Remarkable developments included a 29 percent year-on-year increase in demat accounts and significant growth in client assets. The firm's wealth management segment surged by 443 percent, while its advisory services secured government projects worth Rs 130 crore, reflecting the company's strategic expansion and improved client services.
(With inputs from agencies.)
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