Choice International Limited · NSE:CHOICEIN
Choice International — Q3 FY26 Earnings Presentation
50 slides from Choice International's earnings presentation, Feb 3, 2026
Slide 1: Covering letter to exchanges: Investor Presentation
REF: CIL/CC/97/2025-2026 February 03, 2026 To, To, The Department of Corporate Services, The Department of Corporate Services, The BSE Limited, The NSE Limited P. J. Towers, 5th Floor, Exchange Plaza Dalal Street, Plot No. C/ 1, G Block, Mumbai- 400 001 Bandra – Kurla Complex, Bandra (East), Mumbai
Slide 2: Q3 & 9M FY26 Earnings Presentation
Choice The Joy of Earning • • r1v1n Weaving India's Growth Story Choice International Limited (BSE: 531358, NSE: CHOICEIN) Q3 & 9M FY26 Earnings Presentation
Slide 3: Company Overview
Company Overview Choice The Joy of Earning One of the leading financial conglomerates with over a decade's expertise providing tech-led services Business Footprint & Expertise Financial Gro\Nth Snapshot Branch Offices Project Offices Clientele Choice Business Associates In-House Tech Experts Team St
Slide 4: Key Highlights
l(ey Highlights Choice The Joy of Earning A diversified mix for sustainable business Broking & Distribution . - - - - - - , \ \ , - - - - - - - - - - - - -e NBFC Stock Broking, Wealth, Insurance \ Revenue Split For 9M FY26 & 24% A 13% 1,234K 269K+ f7.56 Bn f5.30 Bn Demat Accounts Active Accounts Tot
Slide 5: Q3 FY26 Highlights
Q3 FY26 Highlights Choice The Joy of Earning EBITDA (f Mn) Revenue (f Mn) 6 90% 1 • A 46% 1,170 I I 983 990 I • 868 3,086 617 2,841 2,550 03 FY25 04 FY25 01 FY26 02 FY26 03 FY26 • 2,380 2,115 PAT (f Mn) A 114% I I • 656 565 535 480 307 03 FY25 04 FY25 01 FY26 02 FY26 03 FY26 03 FY25 04 FY25 01 FY26
Slide 6: 9M FY26 Highlights
9M FY26 Highlights ChoiceThe Joy of Earning Revenue (f Mn) EBITDA (f Mn) PAT (f Mn) 6 25% 6 53% 6 56% I I I I I I I I I I I I I I I I I I I I I I I • • • 8,307 3,028 1,700 • • • 6,666 1,976 1,092 9M FY25 9M FY26 9M FY25 9M FY26 9M FY25 9M FY26 Arrows and figures indicate Yo Y change
Slide 7: Key Highlights
l(ey Highlights Choice The Joy of Earning & CAGR=35% I • A l% 3,086 I I 2,841 I I A 113% I I I 2,492 • 2,550 I - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -• I 2,164 2,380 I I 2,098 • 2,115 Revenue I I • 1,939 2,059 1,395 1,393 (f Mn) 934 984 787 785 04
Slide 8: Stock Broking - Industry Overview
Stoel{ Broldng - Industry Overview Choice The Joy of Earning Digital Platforms Growth Of Demat Accounts In India (In Mn) .c +- ~ 796 e C) Financial Literacy +- c E a, Young Investor Participation C 192 -2 C, C 55 ·- -c IPO Market Bloom C a, 23 ..J 19 Cl) '-- 0 +- Regulatory Reforms u C LL FYlO FY15
Slide 9: Stock Broking
Stoel{ Broldng Choice The Joy of Earning Expanding our PAN India reach and client demographic Steadily Increasing Client Base Market Share & ADTO {f Mn) Broking & Distribution Segment Revenue {f Mn) A 53% A 24% 1.23% 1.21% 1.19% 1.31% - * 1.42% A 22% 1,234 1,640 1,205 14,363 1,607 1,150 1,086 12,345
Slide 10: Strengthening Touchpoints Through Expansion
Strengthening Touchpoints Through Expansion Choice The Joy of Earning Increasing Reach Through New Branches Franchisee Network Expansion A 48% A 6% Footprint Expansion with 153 155 1,795 Long-Term Vision 1,713 145 1,700 1,663 • In FY25, evolving market dynamics led to a 118 1,632 105 shift in client
Slide 11: Choice FinX trading app
Choice The Joy of Earning AFGHAN STA NIFTY BANKNIFTY SENSEX 24Mn+ 2.90 Mn+ 25,320.65 -98.25 59,610.4 5 -347.40 82,269.78 -296.59 PAKIS API requests App Do\Nnloads served per day Hi Pritam ~ 2,78,286 Your Assets 1,22,814.00 {78.99%) St ocks Mutual Funds Trading Fund l) 2.77 L 1.43 K 109.63 ✓ Simple U
Slide 12: Simple UX | Curated Discovery | Scalable Trading Stack
Choice The Joy of Earning Simple UX I Curated Discovery I Scalable Trading Stack Lightning-Fast Trading Early Monetisation AI-Po~ered Search Dedicated F&O Credit Enablement (Day-0 Funding) & Discovery Dashboard • Migrated from legacy OMS & • Onboarding simplified from 11 • Intelligent search across
Slide 13: Stock Broking: Simple UX, Curated Discovery, Scalable Trading Stack
Stoel{ Broldng Choice The Joy of Earning Simple UX I Curated Discovery I Scalable Trading Stack NIFTY BANKNIFTY SENSEX NIFTY BANKNIFTY SENSEX 25,020.25 -300.40 58,787.10 -823.35 81,389.62 -880.16 25,418.90 76.15 59,957.85 359.0 5 82,566.37 221.69 ~ Choice ~ FinX ~o• ~ u"" .• Hello Pritam f"'\ '-" Mo
Slide 14: Tech Insights
Tech Insights Choice The Joy of Earning Seamless collaboration, cutting-edge features Front End r-------------------------------------, HYBRID CLOUD Choice FinX Middleware Core Backend -Mobile App -Web Trading Platform Choice Connect -Mobile App -Web Platform l l l Third Parties L-------------------
Slide 15: Wealth Distribution - Industry Overview
Wealth Distribution - Industry Overview Choice The Joy of Earning EVOLVING FINANCIAL LANDSCAPE INTERMEDIARIES ASSUME MULTIPLE ROLES Growing Affluent and Middle Class Advisors & Behavioral Managers • HNWls (>USD lM*)- estimated to grow • Help in goal based investing from 375K in FY24 to 550K by 2028
Slide 16: Accelerating Wealth Management Through Acquisitions
Accelerating Wealth Management Choice The Joy of Earning Through Acquisitions Acquired Wealth Distribution Businesses of Synergies & Key Benefits Fintoo Group and Glory Prime Wealth Private Limited. Affluent Client Access Established a dedicated PCG desk to expand access to HNI and UHNI With these a
Slide 17: Wealth Distribution
Wealth Distribution Choice The Joy of Earning Maximising growth of portfolio with a mix products Sustained Growth in AUM Progressive Increase in SIP Book Steady Increase in Transactions AUM Composition by Investment Type A 328% A 55% A 78% 184 307 55,774 48,067 146 263 47,687 137 -"""" ("") N 46,622
Slide 18: Strategic Partnership: India Post Payments Bank
Strategic Partnership: India Post Payments Banl{ ChoiceThe Joy of Earning Choice Wealth Private Limited has been awarded a contract by India Post Payments Bank (IPPB), a Govt-owned payments Partnering with bank, to deploy a comprehensive digital investment platform for its customers. Under this mand
Slide 19: Mutual Fund - Industry Overview
Mutual Fund - Industry Overview Choice The Joy of Earning Mutual Fund QAAUM Mutual Fund Folios (In Mn) ~16% to 18% CAGR (f Tn) 18.4% CAGR --■ ■ FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY30P FY20 FY21 FY22 FY23 FY24 FY25 Source: Crisil Intelligence Source: Crisil Intelligence Mutual Fund QAAUM* to grovv ~
Slide 20: Mutual Fund - Way Forward
Mutual Fund - Way Forward Choice The Joy of Earning Passive Investing to Active Wealth Creation NFOs • Nifty 50 Index Fund • Nifty Next 50 Index Fund Active Strategies SEBI Grants • Overnight Fund AMC License Q3 FY26 Q4 FY26 FY27 Aug 01, 2025 Gold ETF Launched • Index Funds/ETFs • >28,000 Folios • G
Slide 21: Insurance - Industry Overview
Insurance - Industry Overview Choice The Joy of Earning Insurance Density Rising Share of Broking Channel in GI Share of Broker Channel in (US$) Premiums (f Cr) GI Premiums Long Term Goal 9,640 4% 152% 11% Medium Term Goal 889 34% - ------- - -- 19% 92 95 77 • Brokers 60 • Direct • Agents • Bancassu
Slide 22: Insurance Distribution - Overview
Insurance Distribution - Overview Choice The Joy of Earning Corporate Business Retail Business Annualised Employee Productivity T 4% A 57% 03 FY26 14.2 516 02 FY26 11.69 429 500 490 498 337 298 273 362 215 01 FY26 14.32 04 FY25 19.28 03 FY25 15.51 03 FY25 04 FY25 01 FY26 02 FY26 03 FY26 03 FY25 04 F
Slide 23: Retail - Business Overview
Retail - Business Overview Choice The Joy of Earning Health and Travel Insurance Life Insurance Motor Insurance A 63% 5% T r ----- - ----- - --- - ----- - ----- - - ---- - -------- , A 28% r ------------------------------------------- , I I I : A 33% : A 22% A 67% I I - - - - - - - - - - - - - - - -
Slide 24: Corporate - Business Overview
Corporate - Business Overview Choice The Joy of Earning Key Property & Engineering ~ Transit J@?i Surety & Credit Insurance Offerings ~o {0J MJ Liability 86 Employee Benefits Speciality Covers Tailor made solutions for large risks Risk Advisory analysis & inspections Claims consultancy for corporate
Slide 25: NBFC - Industry Overview
NBFC - Industry Overview Choice The Joy of Earning Banks Vs NBFCs - Yo Y gro~th in Advances Rise in Funding Avenues for green Financing (f Lakh Cr) r--------. r-------• r-------- . r------- r - - - .. - - - - - - - .. 40 I Global Financial Taper Demonetization I IL & FS Onset of Global economy 1 33%
Slide 26: NBFC
NBFC Choice The Joy of Earning Empowering MSMEs through retail lending tailored specifically for the dynamic semi-urban and rural landscapes f 7.56 Bn f 5.30 Bn Total AUM Retail AUM Key Competencies First preference for A FOCUSED APPROACH TO SERVE MSME Lending • Green Finance - Target to reach AUM o
Slide 27: NBFC
NBFC Choice The Joy of Earning Empowering MSMEs through retail lending tailored specifically for the dynamic semi-urban and rural landscapes Focused Retail Portfolio Mix Net Interest Margin f 5.30 Bn A Expanded by 137 bps as of Q3 FY26 12.25% e MSME Business Loans 19.88% 11.30% 11.25% e Solar Financ
Slide 28: NBFC: Robust Underwriting Processes
NBFC Choice The Joy of Earning Robust Underwriting Processes 0 I I I l . Real-time Credit 2. Multiple Database 3. Centralized 4. Geo-tagging 5. Cashless Bureau checks Checks Credit Team Operations In addition to own Dedupe Check KYC verification, IVR, of 100% branches via penny drop scorecard for on
Slide 29: NBFC Our USP
NBFC Choice The Joy of Earning Wide range of product offering to cater multiple customer segments in priority sector Products Name MSME Business Solar Loan Loans (Secured) Ticket Size Upto f 5 Mn Upto f 5 Mn Tenor (in Months) Upto 120 Upto 60 ROI Range 16-22% 18-24% Security Coverage (%) 40-80 100 P
Slide 30: Advisory Services - Industry Overview
Advisory Services - Industry Overview Choice The Joy of Earning Investments in Core Infra (f Lakh Cr) 14,887 Projects US$ 2690.36 Bn Total Project Cost 37.3 1,262 Projects Under Development 63 Sub-sectors 25.6 18.9 15 18.3 12.4 11.l 8.6 India is building more than infrastructure. It's building confi
Slide 31: Strengthening Public Sector Consulting Through Acquisition
Strengthening Public Sector Consulting Choice The Joy of Earning Through Acquisition • Choice Consultancy Services Private Limited (CCSPL), our consultancy vertical, has acquired 100% shareholding in Key Benefits Ayoleeza Consultants Private Limited, a reputed Strengthened Public Sector Consulting a
Slide 32: Advisory Services
Advisory Services Choice The Joy of Earning Order Book (f Bn) Order Book - State Wise Order Book - Sector Wise 7.48 6.66 16% 5.86 12% 5.55 18% 64% 5.01 46% 26% 18% 03 FY25 04 FY25 01 FY26 02 FY26 03 FY26 • Infrastructure Consulting • IT & E-Governance • Maharashtra • Rajasthan • Bihar • Others • Ins
Slide 33: Key Highlights
l(ey Highlights Choice The Joy of Earning DD r;; DD D I; DD D Q TT D ~1FWTcl'"ffifcl~ Serving to 150+ lK+ ULBs SOK+ PRls Selected to lead the Departments (CG & SG) digitalization of 13K+ PACS 0 0 0 0 000 Developed Women Trained 15K+ trainees Serving to Multilateral Agencies Flagship Schemes JJM, PMA
Slide 34: Choice Matters
Choice is committed to actively participate in India's remarkable growth story and leveraging our resources, expertise, and innovative solutions to Choice The Joy of Earning make a meaningful impact on various aspects of Indian life, from economic development and employment opportunities to social w
Slide 35: Investment Banking
Investment Banl{ing Choice The Joy of Earning Choice Capital Advisors Pvt. Ltd., a SE Bl-registered Category-I Merchant Banker, specializes in capital market transactions and corporate finance, offering end-to-end financial solutions from strategy to execution. Key Services Main Board IPO SME IPO Ri
Slide 36: Key Clientele
l(ey Clientele Choice The Joy of Earning ..-~-..-- _, . -;- _, r!II 'RBS • the ·-· -· ··-· •• ~.._, SOLARA ._ RAMDEVBABA 'quint , , . , . Active Pharma Sciences VPRPL SO LV E N T P V T. LT D. Navkar Corporation Ltd rlSH.\ 1' f'RAfi:,W{BP[NGUA rm ESPRIT ISO 22000:2005 & ISO 9001-2008 Certified Compan
Slide 37: IPO Performance Highlights
IPO Performance Highlights Choice The Joy of Earning • . n....., • • ~•~"1:•JLL•l rutf'"'.Ilwl rutf'"'ilit@ rutf'"'ilit@ • • • • ~- 1~"1:~il • - -. • I • . rL~"11r:J • n . rir.fr:l • n . • n - l•1• n 11.n.1 • . .• • . * Ashwini Containers Movers Ltd SME 710 l.70x {142 19-12-25 {147 {168 4% 18% * Cle
Slide 38: Choice Connect
Choice Connect Choice The Joy of Earning Empowering individual agents to become financial advisers with the help of proprietary engine, engaging trainings and digital execution of services No. of Choice Business Associates {CBAs) Expanded Reach in Array Of Financial Products For CBAs Unserved and A
Slide 39: Choice Connect
Choice Connect Choice The Joy of Earning Equity Clients Onboarded & Progressive Growth in POSP Credit Cards Issued Brokerage Trend T 6% 14,093 23,275 76 23,025 10,154 53 16,540 15,283 14,377 39 4,908 19 13 1,307 03 FY25 04 FY25 01 FY26 02 FY26 03 FY26 FY23 FY24 FY25 03 FY26 03 FY25 04 FY25 01 FY26 0
Slide 40: Consolidated Financial Performance - Quarterly
Consolidated Financial Performance - Quarterly Choice The Joy of Earning Particulars (f Lakhs) Q3 FY26 Q3 FY25 Y-o-Y Q2 FY26 Q-o-Q Growth(%) Growth(%) Revenue from Operations 30,336 20,934 44.91% 27,443 10.54% Other Income 524 214 144.86% 967 (45.81)% Total Income 30,860 21,148 45.92% 28,410 8.62% E
Slide 41: Consolidated Financial Performance - Quarterly
Consolidated Financial Performance - Quarterly Choice The Joy of Earning Particulars (f Lakhs) Q3 FY26 Q3 FY25 Y-o-Y Q2 FY26 Q-o-Q Growth(%) Growth(%) Revenue from Operations 30,336 20,934 27,443 Other Income 524 214 967 Total Income 30,860 21,148 45.92% 28,410 8.62% Employee Benefit Expenses 8,758
Slide 42: Consolidated Financial Performance - 9 Months
Consolidated Financial Performance - 9 Months Choice The Joy of Earning Particulars (f Lakhs) 9M FY26 9M FY25 Y-o-Y Growth(%) Revenue from Operations 81,242 65,738 Other Income 1,824 924 Total Income 83,066 66,662 24.61% Employee Benefit Expenses 23,479 20,304 Finance Costs 6,320 4,451 Depreciation
Slide 43: Board Members
Board Members Choice The Joy of Earning Board with extensive experience across businesses Mrs. Vinita Patadia Mr. Kamal Paddar Mr. Suyash Patadia Mr. Arun Paddar Mr. Ajay Kejriwal Non- Executive Chairperson Managing Director Joint Managing Director Executive Director & CEO Executive Director •••• ••
Slide 44: Entity Structure
Entity Structure Choice The Joy of Earning CHOICEIN Choice Equity Choice Insurance Choice Choice Choice Choice Capital Choice Consultancy Broking Broking Finserv AMC Trustees Advisors Services 90% 50% 82.34% 100% 100% 100% 90% ~ / \ / Choice Corporate Choice Green Services Energy Solutions Choice We
Slide 45: Environmental, Social and Governance
Environmental, Social and Governance Choice The Joy of Earning oOo ------· ------- I / ' I I I I I I I I I I I I I I I I I I I I Environment Social Governance • Conducting operations in energy efficient • Providing and facilitating access to • Well-established Financial services manner by operating
Slide 46: Geographical Presence
Geographical Jammu & Kashmir (2 Branches) - -~ - - Choice The Joy of Earning Himachal Pradesh Presence Chandigarh - - - - - - + - -............--. (l Branch) (l Branch) Uttarakhand ----------- (1 Branch) Punjab Uttar Pradesh (3 Branches) - - - - - (10 Branches) Haryana Bihar (5 Branches) (8 Branches
Slide 47: Media Presence
Media Presence Choice The Joy of Earning Extensive coverage by Television, Digital, Print and Social Media Offline Events Ahmedabad Delhi Jaipur Kolkata Choice .. Lucknow Mumbai Bhopal Surat Pune News and Print Media C3ilmE:Jlm. Busi ncss I ji nc lk CNBC 3TTcITTf ~ Tm: E.rn,o\l tl' Tl\11, Business S
Slide 48: Membership and Certifications
Membership and Certifications Choice The Joy of Earning Registered across exchanges in India Memberships and Registrations Certifications Auditors NSE 3SE M~~~y EXPERIENCE THE NEW Tr a d e w i t h Tr u st Great Place MS KA & Associates t.) NC □ EX Pragoti ko Solid Exchange • To Chartered Accountants
Slide 49: Disclaimer
Disclaimer Choice The Joy of Earning Certain statements in this presentation concerning our future growth prospects are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. T
Slide 50: Choice - The Joy of Earning
Choic The Joy of Earning -