Citizen Investment Trust (CIT) has posted its first-quarter results for fiscal year 2081/82, highlighting a 13.62% increase in net profit, which rose to Rs. 30.09 Crore from Rs. 26.48 Crore in the same quarter of the previous fiscal year.
Financial Highlights:
- Net Profit Growth: Net profit climbed 13.62% year-on-year, showcasing CIT’s stable financial performance and strategic investments.
- Insurance Fund Liability Reduction: CIT reduced its insurance fund liability by 12.31%, bringing it down to Rs. 76.65 Crore, bolstering its financial health.
- Investment and Income Growth: CIT’s total investments grew by 10.91% to Rs. 2.50 Kharba, driving a 12.60% increase in total income to Rs. 51.7 Crore.
- Increased Expenses: Total expenses rose by 9.19%, affecting overall profitability yet reflecting CIT’s expansion and operational activities.
- Earnings per Share (EPS): The annualized EPS improved to Rs. 19.87, while net worth per share reached Rs. 157.42.
- Stock Performance and PE Ratio: CIT’s stock closed at Rs. 2265.1, with a high price-to-earnings (PE) ratio of 113.97 times.
- Return on Investment (ROI): The ROI declined to 6.94% from 9.45% last year, potentially due to increased expenses.
Capital Foundation: CIT maintains a solid capital base with a paid-up capital of Rs. 6.05 Arba, reinforcing its capacity for sustained growth and resilience.
This robust Q1 performance reflects CIT’s prudent financial management, portfolio expansion, and commitment to shareholder value, setting a strong foundation for the remainder of the fiscal year.
REPORT
Financial Report – Citizen Investment Trust
| Particulars (In Rs ‘000) | Q1 2081/82 | Q1 2080/81 | Difference (%) |
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