Increase in Expenses Leads to 9.91% Decline in Citizen Investment Trust's Q4 Net Profit; EPS at Rs. 20.75
Fri, Aug 9, 2024 10:29 AM on Financial Analysis, Company Analysis, Latest,
Citizen Investment Trust (CIT) has released its financial report for the fourth quarter of the fiscal year 2080/81, revealing a 9.91% decline in net profit compared to the same period in the previous fiscal year. The company's net profit dropped to Rs. 1.10 Arba, down from Rs. 1.22 Arba in FY 2079/80.
A key aspect of CIT's financial performance is the notable 19.35% increase in its insurance fund liability, which reached Rs. 4.22 Arba by the end of Q4 80/81. Additionally, CIT's total investments grew by 9.57%, amounting to Rs. 2.43 Kharba, which contributed to a 9.57% rise in total income, bringing it to Rs. 1.92 Arba. On the other hand, total expenses increased by 5.09%, which negatively impacted the company's overall profitability.
The earnings per share (EPS) fell to Rs. 20.75, with a net worth per share of Rs. 171.45 by the third quarter of FY 2080/81.
CIT's stock closed at Rs. 1,945 at the end of Q4, resulting in a price-to-earnings (PE) ratio of 93.75 times. However, the return on investment (ROI) declined to 8.2% in Q4 FY 2080/81, compared to 9.4% in the same quarter of FY 2079/80.
Notably, CIT continues to maintain a strong financial position with a paid-up capital of Rs. 5.31 Arba as of FY 2080/81.
Major Highlights:
Particulars (In Rs '000) | Citizen Investment Trust | ||
---|---|---|---|
Q4 2080/81 | Q4 2079/80 | Difference | |
Paid Up Capital | 5,313,750.00 | 5,313,750.00 | 0.00% |
Share Premium | - | - | - |
Insurance Fund Liability | 4,229,018.00 | 3,543,340.00 | 19.35% |
Total Investment | 243,721,879.00 | 222,425,385.00 | 9.57% |
Total Income | 1,924,940.00 | 1,828,978.00 | 5.25% |
Total Expenses | 455,060.00 | 433,017.00 | 5.09% |
Net Profit | 1,102,410.00 | 1,223,649.00 | -9.91% |
Annualized EPS (In Rs.) | 20.75 | 23.03 | -9.91% |
Return on Investment (%) | 8.2 | 9.4 | -12.77% |
Fund to Investment Ratio (%) | 97.85 | 99.37 | -1.53% |
Net Worth per Share (In Rs.) | 171.45 | 162.46 | 5.53% |
Qtr end PE Ratio (times) | 93.75 | - | |
Qtr End Market Price | 1945 | - |