Latest news with #ChoiceInternationalLimited
Business Upturn
5 days ago
- Business
- Business Upturn
Choice International secures public sector projects worth Rs 63.47 crore in Maharashtra and Odisha
By Aditya Bhagchandani Published on June 5, 2025, 10:02 IST Choice International Limited's subsidiary, Choice Consultancy Services, has secured two major public sector mandates with a combined estimated value of ₹63.47 crore (inclusive of GST). These wins mark a significant step in the company's public sector engagement strategy. The first project, valued at ₹52.80 crore, has been awarded by the Maharashtra Institution for Transformation (MITRA) under the World Bank-supported MahaSTRIDE program. It involves setting up District Strategic Units in the Chhatrapati Sambhajinagar Division to support data-driven decision-making and institutional growth over a five-year period. The second project win is in Odisha, where Choice emerged as the top-ranked bidder for engineering consultancy services across 58 urban local bodies. The ₹10.67 crore engagement, initiated by SUDA under the Housing and Urban Development Department, focuses on improving urban infrastructure planning over two years. CEO Arun Poddar emphasized the strategic importance of these contracts, aligning with India's digital and institutional modernization goals. Choice's involvement in these initiatives underlines its role in high-value public development execution. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
22-04-2025
- Business
- Business Upturn
Choice International Q4 results: Revenue grows 18% YoY to Rs 253 crore, Net profit rises 35.8% YoY
Choice International Limited reported robust financial performance for the fourth quarter ended March 31, 2025. The company's consolidated revenue stood at Rs 255 crore, marking an 18% year-on-year rise compared to Rs 216 crore in the same quarter last year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at Rs 98 crore, up 42% YoY, with EBITDA margin improving to 38.54% from 32.05% in Q4 FY24. The company's net profit for the quarter grew by 36% to Rs 53 crore against Rs 39 crore in the previous year, with PAT margin at 20.98% versus 18.21%. The broking and distribution segment contributed 62% to the company's total revenue, generating Rs 129 crore in Q4. Meanwhile, the wealth business reported an AUM of Rs 5,577 crore, a remarkable 793% jump YoY. Insurance broking premium grew 49% YoY to Rs 93 crore. The company's NBFC business reported a total loan book of Rs 768 crore, with retail loans standing at Rs 629 crore and NNPA at just 0.83%. The advisory segment ended the quarter with an order book of Rs 501 crore. Managing Director Kamal Poddar said the company delivered resilient performance across all segments, highlighting strong user retention, platform efficiency, and expanding product offerings as key contributors. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
