The shares of the financial service provider gained up to 4 percent after the company’s subsidiary secured significant new projects worth Rs 66.83 crore for various digitization projects across India.
Price Movement
With a market capitalization of Rs 12,177.99 crore, the shares of Choice International Ltd were trading at Rs 609.95 per share, decreasing around 2.10 percent as compared to the previous closing price of Rs 622.60 apiece.
Reason for Rise
According to the exchange filing, Choice Consultancy Services Pvt Ltd, a wholly owned subsidiary of the company, secured significant new projects worth Rs 66.83 crore for PACS computerization in Bihar and Karnataka. It will digitize 3576 PACS in Bihar and 878 in Karnataka, strengthening rural digital transformation. The firm is actively digitizing over 9000 PACS nationwide, enhancing transparency and efficiency.
Additionally, Choice Consultancy Services has been appointed as the Project Monitoring Unit by ITI Limited and Tera Software for the Amended BharatNet Program in West Bengal, Himachal Pradesh, and the Northeast. The Rs 10.26 crore, three-year project involves monitoring, evaluation, coordination, and strategic support to boost rural broadband connectivity.
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Financial Growth
Looking forward to the company’s financial performance, revenue magnified by 18 percent from Rs 215 crore in Q4FY24 to Rs 253 crore in Q4FY25, Further, during the same time frame, net profit zoomed by 38 percent from Rs 39 crore to Rs 54 crore.
Business Overview
Choice Consultancy Services operates through 192 branch offices and 49 project offices, serving over 1.3 million clients with a 5,000+ strong team and 245+ tech experts. Offering diverse financial services including stock broking, insurance, lending, and advisory, it leverages tech-enabled operations and government partnerships with a pan-India presence.
Demographic Expansion
Choice’s stock broking division has seen a 60 percent YoY rise in demat accounts, reaching 1,086 million in Q4 FY25. With 69 percent of clients from Tier III and below cities and 53 percent aged 35 or below, it reflects deep regional reach and strong appeal among young, income-rich investors.
Company Overview
Choice International Limited is an India-based financial service conglomerate company. The Company, through its subsidiaries, offers financial services across all platforms, catering to retail & institutional clients, corporates, state & central government authorities.
Written by Abhishek Singh
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