Choice International zooms ~2% as PAT for Q4FY22 grows 545% yoy; logs revenue of Rs93.40 crore

25 May 2022 , 01:11 PM

Choice International Limited announced its results for the quarter and financial year ended March 31, 2022.

The company has logged revenue of Rs286 crore in FY22, registering a growth of 61% yoy against the previous year. Revenue for Q4FY22 jumped 79% yoy at Rs93.40 crore against the previous corresponding quarter.

Its EBITDA for FY22 registered a growth of 123% yoy at Rs92.30 crore. EBITDA margin for FY22 expanded from 23.5% to 32.3%. Whereas EBITDA for Q4FY22 witnessed a growth of 244% at Rs27.40 crore, the margin expanded to 29.30%.

Company’s PAT jumped 545% yoy at Rs15.40 crore for Q4FY22. Whereas for FY22, it registered a growth of 221% yoy at Rs53.60 crore.

PAT margin for FY22 improved to 18.7% from 9.5%. For Q4FY22, the PAT margin improved from 4.6% to 16.5%.

Revenue share of 63% from Broking & Distribution services, 14 % from NBFC, and 23% from Advisory Services.

Choice International is currently trading at Rs342.45 up by Rs7.1 or 2.12% from its previous closing of Rs335.35 on the BSE. The scrip has touched intraday high and low of Rs355.15 and Rs339.05 respectively.