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Choice International Proposes 1:1 Bonus Issue as Revenue Hits Record High
Sentiment: NeutralHigh Priority
What Happened?
Choice International's board has recommended a 1:1 bonus issue, pending shareholder approval. The company reported a 33% increase in revenue to Rs 379 crore for Q2 FY27.
Key points
- The proposed bonus issue is one additional share for each share held.
- Consolidated revenue rose to Rs 379 crore in Q2 FY27, up from Rs 284.1 crore.
- Profit after tax increased by 23% to Rs 69.47 crore compared to Rs 56.5 crore in Q2 FY26.
- The company's EBITDA rose 32% to Rs 130.6 crore.
- Choice Equity Broking received Rs 900 crore from NH Investment & Securities.
- The company added 1.73 lakh demat accounts, totaling 13.78 lakh.
Key insights
- The bonus issue may attract more investors, boosting market confidence.
- Increased revenue indicates effective business strategies and market demand.
- The significant investment from NH Investment & Securities could enhance operational capabilities.
Why it matters
The proposed bonus issue could enhance shareholder value and reflects the company's strong financial performance.
Tags
Entities
Choice International· CompanyNH Investment & Securities· CompanyMumbai· City
Source
India Today
