Citizen Investment Trust (CIT) Reports 13.82% Increase in Net Profit in Q1 FY 2080/81; Annualized EPS at Rs. 19.94
Tue, Nov 7, 2023 10:46 AM on Financial Analysis, Company Analysis, Latest,
Citizen Investment Trust (CIT) has released its comprehensive first-quarter report for the financial year 2080/81, revealing a notable rise in its comparative net profit by 13.82 percent.
The latest financial data indicates that CIT recorded a net profit of Rs. 26.48 crores during the first quarter of FY 2080/81, marking an increase from the Rs. 23.27 crores earned during the corresponding period in the previous financial year 2079/80.
Notably, the company witnessed an increase in its insurance fund liability, soaring by almost 4.76 percent, amounting to Rs. 87.41 crores until Q1 80/81.
Simultaneously, the total investment and income of CIT have risen by 13.52 percent and 14.60 percent, respectively. As of Q1 FY 2080/81, CIT's investments amounted to Rs. 2.26 Kharba, generating a total income of Rs. 45.91 crores.
The company's annualized earnings per share (EPS) has seen a decline, standing at Rs. 19.94, coupled with a reduced net worth per share at Rs. 159.79 in the first quarter of FY 2080/81.
Closing at Rs. 1,865 at the end of Q1 FY 2080/81, CIT's stock price translates to a price-to-earnings (PE) ratio of 93.53 times.
The return on investment (ROI) for CIT has shown improvement, marking 9.45 percent up to Q1 FY 2080/81, as opposed to 9.38 percent during the corresponding quarter of FY 2079/80.
Notably, CIT maintains Rs. 5.31 Arba in paid-up capital as of FY 2080/81.
Major Financial Highlights:
| Particulars (In Rs '000) | Citizen Investment Trust | ||
|---|---|---|---|
| Q1 2080/81 | Q1 2079/80 | Difference | |
| Paid Up Capital | 5,313,750.00 | 4,251,000.00 | 25.00% |
| Share premium | - | 283,787.00 | - |
| Insurance Fund Liability | 874,118.00 | 834,374.00 | 4.76% |
| Total Investment | 226,308,189.00 | 199,361,972.00 | 13.52% |
| Total Income | 459,161.00 | 400,676.00 | 14.60% |
| Total Expenses | 105,968.00 | 90,373.00 | 17.26% |
| Net Profit | 264,895.00 | 232,727.00 | 13.82% |
| Annualized EPS (In Rs.) | 19.94 | 21.90 | -8.94% |
| Return on Investment (%) | 9.45 | 9.38 | 0.75% |
| Fund to Investment Ratio (%) | 97.6 | 98.66 | -1.07% |
| Net Worth per Share (In Rs.) | 159.79 | 189.05 | -15.48% |
| Qtr end PE Ratio (times) | 93.53 | - | |
| Qtr End Market Price | 1865 | - | |
