CHOICEIN · Financial Services
Choice International Ltd. reported revenue of ₹207 cr for October to December 2023, — on the year and +8.4% on the quarter.
Operating profit (EBITDA) was ₹67.0 cr, a margin of 32.4%, — on the year and +671 bps on the quarter.
Net profit was ₹40.0 cr, — on the year and +33.3% on the quarter, with earnings per share of ₹1.98.
Asset managers and brokers earn fees on assets and activity, so revenue follows market levels and flows; treasury income can lift other income in a good market quarter. The quarterly statements do not carry assets under management, flows and the yield on assets; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹207 cr | ₹215 cr | ₹201 cr | ₹247 cr | ₹209 cr | ₹253 cr | ₹235 cr | ₹274 cr | ₹303 cr | ₹307 cr | ₹310 cr | ₹373 cr |
| YoY | — | — | +46% | +29% | +1% | +18% | +17% | +11% | +45% | +21% | +32% | +36% |
| EBITDA margin | 32.4% | 31.2% | 26.4% | 30.8% | 28.7% | 37.9% | 35.3% | 32.5% | 37.0% | 37.8% | 33.8% | 33.4% |
| Other income, % of PBT | 5% | 4% | 12% | 3% | 5% | 3% | 5% | 13% | 5% | 8% | 12% | 7% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 28% | 29% | 26% | 23% | 29% | 28% | 24% | 24% | 29% | 22% | 24% | 26% |
| Net profit | ₹40.0 cr | ₹39.0 cr | ₹32.0 cr | ₹46.0 cr | ₹31.0 cr | ₹54.0 cr | ₹48.0 cr | ₹56.5 cr | ₹66.0 cr | ₹68.0 cr | ₹60.6 cr | ₹69.5 cr |
| YoY | — | — | +52% | +53% | −22% | +38% | +50% | +23% | +113% | +26% | +26% | +23% |
| Core profit YoY | — | — | +41% | +59% | −23% | +36% | +58% | +10% | +112% | +11% | +18% | +35% |
| EPS | ₹1.98 | ₹1.93 | ₹1.48 | ₹2.31 | ₹1.47 | ₹2.59 | ₹2.19 | ₹2.75 | ₹2.56 | ₹2.71 | ₹2.72 | ₹3.12 |
| Flags | · | · | 1 | 1 | 2 | 1 | 1 | ✓ | ✓ | ✓ | ✓ | 2 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Choice International Ltd. reported revenue of ₹207 cr (— on the year) and net profit of ₹40.0 cr (— on the year) for October to December 2023.
None of the 2 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.