Choice International Limited · NSE:CHOICEIN
Choice International — Q2 & H1 FY26 Earnings Presentation
49 slides from Choice International's earnings presentation, Oct 16, 2025
Slide 1: Cover letter to exchanges: Investor Presentation
REF: CIL/CC/66/2025-2026 ChoiceThe Joy of Eaming October 16, 2025 To, To, The Department of Corporate Services, The Department of Corporate Services, The BSE Limited, The NSE Limited P.J. Towers, 5% Floor, Exchange Plaza Dalal Street, Plot No. C/ 1, G Block, Mumbai- 400 001 Bandra — Kurla Complex, B
Slide 2: Choice International Q2 & H1 FY26 Earnings Presentation
Choice • • The Joy of Earning r1v1n 1 ence Weaving lndia s Growth Story Choice International Limited {BSE: 531358, NSE: CHOICEIN) Q2 & Hl 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 Grovvth Snapshot Branch Offices Project Offices Clientele In-House Tech Experts Choice Business A ssociates Team S
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 Hl FY26 A29% A 18% A56% A74% 1,205K 262K+ f7.16 Bn f5.36 Bn Demat Accounts Active Accounts
Slide 5: Q2 FY26 Highlights
Q2 FY26 Highlights Choice The Joy of Earning EBITDA (f Mn) Revenue (f Mn) 6 27% I I I • I &14% 990 I 983 I I I • I 868 777 617 2,841 • 2,550 2,492 2,380 02 FY25 03 FY25 04 FY25 01 FY26 02 FY26 2,115 PAT (f Mn) 622% I I I I • I I I 565 535 I I 480 465 307 02 FY25 03 FY25 04 FY25 01 FY26 02 FY26 02 FY
Slide 6: H1 FY26 Highlights
Hl FY26 Highlights Choice The Joy of Earning Revenue (f Mn) EBITDA (f Mn) PAT (f Mn) A 15% & 37% &33% I I I I I I I I I I I I I I I • I I • • I I I • 5,221 • 1,858 • 1,044 4,551 1,359 785 HlFY25 HlFY26 HlFY25 HlFY26 HlFY25 HlFY26 Arrows and figures indicate YoY change
Slide 7: Key Highlights
l(ey Highlights Choice The Joy of Earning A CAGR=43% 1 • A 29% 2,841 1 I • 1 2,492 2,550 A 147% I • I 2,164 2,115 2,380 1- ' 2,098 Revenue 2,059 • I 1,939 I 1,395 I • I 1,393 (f Mn) 934 984 787 785 677 Q3 FY22 Q4 FY22 Ql FY23 Q2 FY23 Q3 FY23 Q4 FY23 Ql FY24 Q2 FY24 Q3 FY24 Q4 FY24 Ql FY25 Q2 FY25 Q3
Slide 8: Stock Broking - Industry Overview
Stoel{ Brol{ing - Industry Overview Choice The Joy of Earning Digital Platforms Growth Of Demat Accounts In India (In Mn) Financial Literacy 796 Young Investor Participation 192 55 IPO Market Bloom 23 19 Regulatory Reforms FYlO FY15 FY20 FY25 FY30P Economic & Asset Shift Source: CRISIL
Slide 9: Stock Broking
Stoel{ Brol{ing 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 57% A 29% ---------- 1.25% 1.23% 1.21% *1.31% A2% 1.19% 1,205 14,880 1,607 1,150 1,578 1,086 12,34
Slide 10: Strengthening Touchpoints Through Expansion
Strengthening Touchpoints Through Expansion Choice The Joy of Earning Increasing Reach Through New Branches Franchisee Network Expansion A66% A 33% - ---------------------------------------- - - ---------------------------------------- - Footprint Expansion with 153 Long-Term Vision 1,713 145 1,700
Slide 11: FinX trading app
Choice The Joy of Earning AFGHANISTA NIFTY BANKNIFTY SENSEX 22Mn+ 2.74 Mn+ 24,968.40 -143.05 56,283.00 -545.80 81,757.73 -501.52 PAKIS API requests App Do\1\/nloads served per day Hi Pritam t 2,44,311 Your Assets 94,211.22 (62.77%) Stocks Mutual Funds Trading Fund ✓ Simple User Interface MVA AR 2.43
Slide 12: Simple User Interface, In-opp Curated Baskets, Diverse Investment Products
Choice The Joy of Earning Simple User Interface, In-opp Curated Baskets, Diverse Investment Products Po\Nering Seamless Easy Ready-Made & SEO-Driven Pages for Ne\N Enhanced Charting Mutual Fund Custom Strategy Builder User Acquisition Experience on App & Payments on FinX on FinX App Website Enabled
Slide 13: Simple User Interface, In-opp Curated Baskets, Diverse Investment Products
Choice The Joy of Earning Simple User Interface, In-opp Curated Baskets, Diverse Investment Products < Set Payment Preferences < Strategy Builder X NIFTY 50 25,145.50 (·0.32 %) BANKNIFTY 56.49 6 45 (·0. 2 3 %) FINNIFTY 2 6,828.30 (·0.21 %) SENSEX 82.02 9 98 (·0.36 %) INDIAVIX 1116 (1.32 %) MIDCPNIFT
Slide 14: Tech Insights
Tech Insights Choice The Joy of Earning Seamless collaboration, cutting - edge features r ------------------------------------- � Front End I I HYBRID CLOUD I Choice FinX I Middleware Core Backend I -Mobile App I I -Web Troding Platform I I I Choice Connect I I I -Mobile App I -Web Platform I l l 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: 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 327% &55% &72% 23% 146 263 55,774 48,067 137 47,687 207 123 CV) 119 187 CV) -
Slide 17: 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 gro� �1
Slide 18: Mutual Fund - Way Forward
Mutual Fund - Way Forward Choice The Joy of Earning Gold FOF ,-------------------------r --------------------------, Gold ETF NFO . . I I I I opening on Will provide: Channels: Advantages: Oct. 24, 2025 • Liquidity • Mutual Fund Distributors • Market Access Enabler • Increased market • Independent F
Slide 19: 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 FY17 FY 20
Slide 20: Insurance Distribution - Overview
Insurance Distribution - Overview Choice The Joy of Earning Corporate Business Retail Business Annualised Employee Productivity T 31% A 155% 02 FY26 11.69 500 01 FY26 14.32 528 429 516 490 298 273 215 04 FY25 19.28 362 117 03 FY25 15.51 02 FY25 16.00 04 FY25 01 FY26 02 FY26 02 FY25 03 FY25 04 FY25 0
Slide 21: Retail - Business Overview
Retail - Business Overview Choice The Joy of Earning Health and Travel Insurance Life Insurance Motor Insurance A 112% A2% A 107% , ------------------------------------------ , , ------------------------------------------- , A 74% A 12% A204% - ------------------------------------------- I - I I 23,
Slide 22: Corporate - Business Overview
Corporate - Business Overview Choice The Joy of Earning Key Property & Engineering Q Transit J@?i Surety & Credit Insurance Offerings �o 0000 b{j Liability 88 Employee Benefits 10,1 Speciality Covers Tailor made solutions for large risks Risk Advisory analysis & inspections Claims consultancy for co
Slide 23: NBFC - Industry Overview
NBFC - Industry Overview Choice The Joy of Earning Banks Vs NBFCs - YoY gro�th in Advances Rise in Funding Avenues for green Financing (f Lakh Cr) 40 r ------- • · ------- .. -------- · • ------- r --- .. r ------- • I Global Financial Taper Demonetization I IL & FS Onset of Global economy 1 33%1 Cr
Slide 24: NBFC
NBFC Choice The Joy of Earning Empowering MSMEs through retail lending tailored specifically for the dynamic semi-urban and rural landscapes f 7.16 Bn f 5.36 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 25: NBFC
NBFC Choice The Joy of Earning Empowering MSMEs through retail lending tailored specifically for the dynamic semi-urban and rural landscapes Net Interest Margin Focused Retail Portfolio Mix T Contracted by 60 bps f 5.36 Bn 11.85% as of Q2 FY26 24.52% 11.30% 11.25% 10.88% e MSME Business Loans 4.65%
Slide 26: Robust Underwriting Processes
NBFC Choice The Joy of Earning Robust Underwriting Processes 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 m
Slide 27: Wide range of product offering to cater multiple customer segments
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 28: Advisory Services - Industry Overview
Advisory Services - Industry Overview Choice The Joy of Earning Investments in Core Infra (f Lakh Cr) 14,141 Projects US$ 2595.68 Bn Total Project Cost 37.3 1,179 Projects Under Development 62 Sub-sectors 25.6 18.9 15 18.3 12.4 11. l 8.6 India is building more than infrastructure. It's building conf
Slide 29: Advisory Services
Advisory Services Choice The Joy of Earning Order Book (f Bn) Order Book - State Wise Order Book - Sector Wise 6.66 5.86 • Maharashtra 21% 18% • Rajasthan 5.50 5.55 • Bihar 5.01 13% 50% • Others* Himachal Pradesh 23% Delhi Chhattisgarh Andhra Pradesh 19% Odisha 02 FY25 03 FY25 04 FY25 01 FY26 02 FY2
Slide 30: Key Highlights
l(ey Highlights Choice The Joy of Earning DD r;; DD D � DD D y T-T D �$wra'ffil'q_� 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, PMAY,
Slide 31: Choice Matters: Impacting
Choice The Joy of Earning Choice is committed to actively participate in India's remarkable growth story and leveraging our resources, expertise, and innovative solutions to make a meaningful impact on various aspects of Indian life, from economic development and employment opportunities to social w
Slide 32: 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 33: Key Clientele
l(ey Clientele Choice The Joy of Earning -·- .. '9ll .... - .£ flllllllll!T T,,. 'RBS ·-· -· ··-· ..... •the •• ��, SOLARA RAMDEVBABA 'quznt , , , Active Pharma Sciences Navkar Corporation Ltd VPR L relipay S O LV E N T P V T. L T D. �' �H\'l' PRAKASH .fl' Pt "VGLlA r TD ESPRIT ISO 22000:200S & ISO
Slide 34: IPO Performance Highlights
IPO Performance Highlights Choice The Joy of Earning • • • • �-r...'1�-;1 -" n.fu...,.. . • n.fu...,.. . • - .- ,,, ...,.. fl.ft, • • �•�--Jtt:.l iT• � •n - ;:, •n - •n - ;:, .. fi}.i_� (c1. fi.ru • . Shringar House of Mangalsutra Ltd. Main Board 4,009 60.3lx fl65 17-09-25 fl89 fl94 15% 18% *Optival
Slide 35: 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 ,J
Slide 36: Choice Connect
Choice Connect Choice The Joy of Earning Equity Clients Onboarded & Progressive Growth in POSP Uptrend in Credit Cards Issued Brokerage Trend & 170% �----------------- ----- 13,650 23,275 76 23,025 10,154 53 16,540 15,283 39 4,908 8,619 26 19 1,307 Q2 FY25 Q3 FY25 Q4 FY25 Ql FY26 Q2 FY26 FY23 FY24 F
Slide 37: Consolidated Financial Performance - Quarterly
Consolidated Financial Performance - Quarterly Choice The Joy of Earning Particulars (f Lakhs) Q2 FY26 Q2 FY25 Y-o-Y Ql FY26 Q-o-Q Growth(%) Growth(%) Revenue from Operations 27,443 24,739 10.93% 23,462 16.97% Other Income 967 181 434.25% 333 190.39% Total Income 28,410 24,920 14.00% 23,795 19.39% E
Slide 38: Consolidated Financial Performance - Quarterly
Consolidated Financial Performance - Quarterly Choice The Joy of Earning Particulars(f Lakhs) Q2 FY26 Q2 FY25 Y-o-Y Ql FY26 Q-o-Q Growth(%) Growth(%) Revenue from Operations 27,443 24,739 23,462 Other Income 967 181 333 Total Income 28,410 24,920 14.00% 23,795 19.39% Employee Benefit Expenses 7,722
Slide 39: Consolidated Financial Performance
Consolidated Financial Performance Choice The Joy of Earning Particulars(f Lakhs) HlFY26 HlFY25 Y-o-Y Growth(%) Revenue from Operations 50,906 44,804 Other Income 1,300 710 Total Income 52,206 45,514 14.70% Employee Benefit Expenses 14,721 13,752 Finance Costs 4,173 2,821 Depreciation and Amortisati
Slide 40: Consolidated Balance Sheet
Consolidated Balance Sheet Choice The Joy of Earning Particulars (f Lakhs) 30.09.2025 31.03.2025 Assets Non Current Assets a) Property, Plant and Equipment 12,795 12,567 b) ROU Assets 4,153 3,327 c) Capital Work-In Progress 259 135 d) Investment Property 159 159 e) Goodwill 8,841 8,841 f) Other Inta
Slide 41: Consolidated Balance Sheet
Consolidated Balance Sheet Choice The Joy of Earning Particulars (f Lakhs) 30.09.2025 31.03.2025 Equities and Liabilities Equity a) Equity Share Capital 20,566 19,965 b) Other Equity 88,974 64,452 c) Non Controlling Interest 14,780 7,828 d) Money Received against Share Warrants 12,841 18,326 Total E
Slide 42: 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 43: Entity Structure
Entity Structure Choice The Joy of Earning CHOICEIN Choice Equity Choice Insurance Choice Choice Choice Capital Choice Consultancy Choice AMC Broking Broking Finserv Trustees Advisors Services 100% 90% 50% 82.34% 100% 100% 90% - I / Choice Corporate Services 100% '- Choice Wealth Arete Capital Choic
Slide 44: 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 45: Geographical Presence
Geographical Jammu & Kashmir (2 Branches) --�- Choice The Joy of Earning Presence Chandigarh -----+--.....,..._--, {l Branch) ----------- Uttarakhand (1 Branch) Punjab Uttar Pradesh (2 Branches) (10 Branches) Haryana Bihar {5 Branches) (8 Branches) Delhi Assam (3 Branches) (2 Branches) Rajasthan (54
Slide 46: Media Presence
Media Presence Choice The Joy of Earning Extensive coverage by Television, Digital, Print and Social Media Offline Events News and Print Media ft. CNBC Busi i1css I .,inc ,._ TV"'IS CNBC � Tm: I<.:< O\O\I IC' Tn11: Busines tandard "" Ahmedabad Delhi Jaipur Kolkata Choice CNBC H........., CNBC�- 611-
Slide 47: Membership and Certifications
Membership and Certifications Choice The Joy of Earning Registered across exchanges in India Memberships and Registrations Certifications Auditors NSE 3SE EXPERIENCE THE NEW M���y Trade with Trust Great Place MS KA & Associates 0 NCDEX • To Chartered Accountants CDSL Work® Progoti ko Sol,d Exchongc
Slide 48: 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 49: Thank You
Choice International — Q2 & H1 FY26 Earnings Presentation on 6ix