Choice International Ltd, a Mumbai-based diversified financial services and consulting group, disclosed on Tuesday that its subsidiaries have secured 23 government mandates with a combined contract value of approximately ₹191.38 crore during the first quarter of FY27. According to reports from The Hindu BusinessLine, the contracts were won by Choice Consultancy Services Private Ltd (CCSPL) and its wholly owned subsidiary Ayoleeza Consultants Private Ltd across multiple Indian states including Bihar, Maharashtra, Jharkhand, Tamil Nadu, Punjab, Arunachal Pradesh, Chhattisgarh, Rajasthan and Chandigarh. The fresh order inflow further strengthens Choice's advisory vertical, which already reported an order book of approximately ₹698 crore at the end of FY26, providing revenue visibility for the next two to three years.
The two largest awards, classified as large orders each worth between ₹25 crore and ₹100 crore, are in Bihar. As reported by The Hindu BusinessLine, the first covers customisation, implementation and maintenance of an integrated urban e-governance platform across Urban Local Bodies for 60 months. The second, from the Urban Development and Housing Department of Bihar, involves preparation of Detailed Project Reports under the Urban Challenge Fund over 12 months. Other notable awards include project management consultancy for the Gargai Dam and water conveyance project for the Brihanmumbai Municipal Corporation, and railway construction supervision services for Southern Railway in Tamil Nadu. The company has also secured medium-sized mandates relating to Mumbai's Gargai Dam project, healthcare infrastructure advisory in Chhattisgarh, railway electrification projects, solarisation consultancy assignments and engineering audits for Food Corporation of India infrastructure projects.
The remaining 19 contracts, classified as small orders valued up to ₹5 crore each, span railway electrification oversight, FCI grain silo auditing across Punjab and Bihar, renewable energy advisory, digital governance systems, skill development monitoring and public health programme management. According to The Hindu BusinessLine, the stock closed at ₹818.40 on the NSE, up 0.4 percent on the day, against a market capitalisation of roughly ₹18,220 crore. The company trades at a trailing price-to-earnings multiple of 76.33 and has delivered a three-year absolute return of approximately 365 per cent, significantly outpacing the Nifty 500 index over the same period. Management also indicated that bids worth more than ₹400 crore are currently under evaluation, suggesting additional order inflows could follow.
Choice International reported robust FY26 financial performance, with consolidated revenue rising 24 percent YoY to ₹1,145 crore, while EBITDA increased to ₹425 crore with margins remaining robust at 37 percent. Profit after tax surged 46 percent to ₹238 crore, significantly outpacing revenue growth and demonstrating strong operating leverage. Q4 FY26 performance remained equally impressive, with revenue increasing 23 percent to ₹314 crore and PAT rising 27 percent to ₹68 crore. EBITDA margins stood at an exceptionally strong 39.1 percent, which management attributed to improving operating efficiencies and increasing scale benefits. The group maintains a diversified earnings mix, with broking and distribution contributing 59 percent of Q4 revenue, advisory accounting for 28 percent and NBFC operations contributing 13 percent.
