Citizen Investment Trust Reports 13.62% Growth in Q1 Net Profit to Rs. 30.09 Crore; EPS at Rs. 19.87
Wed, Nov 13, 2024 8:59 AM on Financial Analysis, Company Analysis, Latest,
Citizen Investment Trust (CIT) has published its financial results for the first quarter of the fiscal year 2081/82, reporting a 13.62% increase in net profit compared to the same period last year. The company's net profit rose to Rs. 30.09 Crore, up from Rs. 26.48 Crore in FY 2080/81.
A significant highlight is the 12.31% reduction in CIT’s insurance fund liability, which stood at Rs. 76.65 Crore by the end of Q1 80/81. Additionally, CIT’s total investments grew by 10.91%, reaching Rs. 2.50 Kharba, and driving a 12.60% increase in total income to Rs. 51.7 Crore. Total expenses, however, rose by 9.19%, affecting the company's overall profitability.
The annualized earnings per share (EPS) improved to Rs. 19.87, with a net worth per share of Rs. 157.42 by Q1 FY 2081/82.
CIT’s stock closed at Rs. 2265.1 at the end of the quarter, translating into a high price-to-earnings (PE) ratio of 113.97 times. However, its return on investment (ROI) declined to 6.94% compared to 9.45% in the corresponding period of the previous fiscal year.
CIT maintains a strong capital foundation with a paid-up capital of Rs. 6.05 Arba as of FY 2081/82.
Major Highlights:
| Particulars (In Rs '000) | Citizen Investment Trust | ||
|---|---|---|---|
| Q1 2081/82 | Q1 2080/81 | Difference | |
| Paid Up Capital | 6,057,657.00 | 5,313,750.00 | 14.00% |
| Share Premium | - | - | - |
| Insurance Fund Liability | 766,546.00 | 874,118.00 | -12.31% |
| Total Investment | 250,995,693.00 | 226,308,189.00 | 10.91% |
| Total Income | 517,013.00 | 459,161.00 | 12.60% |
| Total Expenses | 115,705.00 | 105,968.00 | 9.19% |
| Net Profit | 300,981.00 | 264,895.00 | 13.62% |
| Annualized EPS (In Rs.) | 19.87 | 19.94 | -0.33% |
| Return on Investment (%) | 6.94 | 9.45 | -26.56% |
| Fund to Investment Ratio (%) | 96.07 | 97.6 | -1.57% |
| Net Worth per Share (In Rs.) | 157.42 | 159.79 | -1.48% |
| Qtr end PE Ratio (times) | 113.97 | - | |
| Qtr End Market Price | 2265.1 | - | |
