News ArticleChoice International Limited Reports Rs. 694.61 Million Profit After Tax for Q2 2026 and Approves 1:1 Bonus Share Issue
Board approved raising authorized share capital to Rs. 447.80 crore for bonus shares, subject to shareholder approval
Choice International Limited announced its unaudited consolidated financial results for the quarter and half year ended September 30, 2026, reporting a profit after tax of Rs. 694.61 million for Q2. The company also approved a 1:1 bonus equity share issue and an increase in authorized share capital to support this, subject to shareholder approval.
Choice International Limited
Financial Results
Choice International Limited released its unaudited consolidated financial results for the quarter and half year ended September 30, 2026, recording a profit after tax of Rs. 694.61 million for the quarter. The company also approved a bonus issue of equity shares in the ratio of 1:1 and an increase in authorized share capital to Rs. 447.80 crore to facilitate the issuance, subject to shareholder approval.
The financial results showed total income of Rs. 3,790.22 million and total expenses of Rs. 2,852.09 million for the quarter ending September 30, 2026, leading to a profit before tax of Rs. 938.13 million. Tax expenses amounted to Rs. 243.52 million, resulting in a net profit after tax of Rs. 694.61 million.
The bonus issue entails issuing one equity share of face value Rs. 10 for every one equity share held, planned to be issued on a record date to be announced later. To enable this, the board approved increasing the authorized share capital from Rs. 225 crore (22.5 crore shares) to Rs. 447.80 crore (44.78 crore shares).
The company also approved the draft notice for the first Extra Ordinary General Meeting (EGM) of fiscal year 2026-27 to seek shareholder approval on the capital increase and bonus shares. The detailed limited review report by auditors accompanied the announcement.
Basic and diluted earnings per share (annualised) for the quarter stood at Rs. 3.12 and Rs. 3.10 respectively. The board meeting started at 3:30 PM and concluded at 6:00 PM on November 2, 2026.
Highlights
- Unaudited consolidated Q2 2026 net profit after tax: Rs. 694.61 million
- Bonus issue approved at a ratio of 1:1 equity shares
- Authorized share capital to be increased from Rs. 225 crore to Rs. 447.80 crore
- Face value per equity share remains Rs. 10
- Record date for bonus issue to be announced
- Draft notice for EGM approved for shareholder approval on capital increase and bonus shares
Key Data Snapshot
What happened
- The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
- The Board approved a bonus issue of equity shares in the ratio of 1:1, subject to shareholder approval on a record date to be declared.
- Authorized share capital was approved to be increased from Rs. 225 crore to Rs. 447.80 crore to accommodate the bonus issue.
- The draft notice for the first Extra Ordinary General Meeting (EGM) of fiscal year 2026-27 was approved to obtain shareholder approval for the capital increase and bonus shares issuance.
Key details
- Total income for Q2 2026 was Rs. 3,790.22 million, with expenses totaling Rs. 2,852.09 million, resulting in a profit before tax of Rs. 938.13 million.
- Tax expenses for the quarter were Rs. 243.52 million, comprising current tax, earlier years' tax, and deferred tax adjustments.
- Profit attributable to owners of the company was Rs. 670.20 million; earnings per share on a diluted basis was Rs. 3.10 (annualised).
- Bonus shares will be issued as one new share for every existing share held, face value Rs. 10 each.
- The increase in authorized share capital aligns with the planned bonus issue, raising shares from 22.5 crore to 44.78 crore in total.
Financial performance
- The half year ended September 30, 2026 showed total income of Rs. 6,980.46 million and total expenses of Rs. 4,718.45 million.
- Profit after tax for the half year was Rs. 1,300.68 million (unaudited).
- Profit after tax for the same half year last year was Rs. 1,044.24 million (unaudited) as per reported data.
- The company reported other comprehensive income (net) showing a slight loss in the quarter.
Regulatory and governance context
- The results were reviewed by the Audit Committee and approved by the Board of Directors.
- Limited Review Report from the auditors was noted and enclosed with the filing.
- The bonus issue and share capital increase are subject to shareholder approval at the upcoming EGM.
- The company complied with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in making the disclosure.
Highlights
- Unaudited consolidated Q2 2026 net profit after tax: Rs. 694.61 million
- Bonus issue approved at a ratio of 1:1 equity shares
- Authorized share capital to be increased from Rs. 225 crore to Rs. 447.80 crore
- Face value per equity share remains Rs. 10
- Record date for bonus issue to be announced
- Draft notice for EGM approved for shareholder approval on capital increase and bonus shares
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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