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Mumbai (Maharashtra) [India], June 26 (ANI/PRNewswire): BSE-listed Choice International Limited, a fintech conglomerate, reported a net profit of Rs 167 million on a revenue of Rs 1,687 million for the year 2020-21 (Apr-Mar), up 35 per cent and 30 per cent respectively over the previous year.
The revenue growth for the year under review was largely driven through the stock brokerage income though the non-banking financial company (NBFC) business performed relatively in light of the pandemic.
Commenting on the annual performance, Kamal Poddar, Managing Director, Choice International, said, The company s digital initiative through its fintech model has started delivering dividends during the pandemic year. To add further momentum to the initiative, we have several more fintech products lined up for launch that would drive the company s revenue growth in the next financial year.
Choice International reports INR 167 million net profit
26 Jun 2021, 15:03 GMT+10
Mumbai (Maharashtra) [India], June 26 (ANI/PRNewswire): BSE-listed Choice International Limited, a fintech conglomerate, reported a net profit of Rs 167 million on a revenue of Rs 1,687 million for the year 2020-21 (Apr-Mar), up 35 per cent and 30 per cent respectively over the previous year.
The revenue growth for the year under review was largely driven through the stock brokerage income though the non-banking financial company (NBFC) business performed relatively in light of the pandemic.
Commenting on the annual performance, Kamal Poddar, Managing Director, Choice International, said, The company s digital initiative through its fintech model has started delivering dividends during the pandemic year. To add further momentum to the initiative, we have several more fintech products lined up for launch that would drive the company s revenue growth in the next financial year. For the fourth quarter