CIT net profit rises by 17.37% to Rs 54.26 crore in Q4 ; Earning per share stands at Rs 33
Sun, Aug 9, 2020 1:50 PM on Latest, Company Analysis,
Citizen Investment Trust (CIT) has reported a net profit of Rs. 54.26 crores for the FY 2076/2077. This is an increase of 17.37% compared to the corresponding quarter of the previous year.
As of Ashad end, 2077, the share capital of CIT stood at Rs. 1.64 Arba with Rs. 7.68 Arba of Reserve and surplus in Q4, 2076/2077. The calls in advance of the company have decreased by (17.89%) in Q4, 2076/2077. The reserves and surplus of the company rose by 32.12% in this quarter.
The net worth per share of the company stands at Rs. 218 at Ashad end, 2077. However, this is a decrease of Rs. 57 from the corresponding quarter of the previous year. Similarly, the annualized EPS of the company stood at Rs. 33 from Rs. 42. This decrease is mainly due to the increase in share capital.
The major source of income for the company is fees and commission income which is Rs. 88.15 crores followed by interest income of Rs. 8.25 crores.
Major Highlights:
|
Particulars (in lakhs) |
Citizen Investment Trust |
||
|---|---|---|---|
|
Q4, 2076/2077 |
Q4,2075/2076 |
Difference |
|
|
Total Paid-Up Capital |
16,409 |
11,023 |
48.86% |
|
Calls in advance |
1,359 |
1,655 |
-17.89% |
|
Reserve |
76,873 |
58,185 |
32.12% |
|
Insurance Fund Liability |
28,819 |
28,421 |
1.40% |
|
Total Investment |
1,466,456 |
1,248,799 |
17.43% |
|
Total Income |
10,015 |
8,432 |
18.77% |
|
Administrative Expenses |
1,975 |
1,599 |
23.51% |
|
Net Profit |
5,426 |
4,623 |
17.37% |
|
Return on Investment (ROI) |
8.84% |
9.69% |
|
|
Fund to Investment Ratio |
98.43% |
95.89% |
|
|
Cost of Fund (%) |
7.33% |
7.59% |
|
|
Earnings per share (Rs.) |
33 |
42 |
|
|
Net worth per share (Rs.) |
218 |
275 |
|
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