Citizen Investment Trust (CIT) Net Profit Rises by 31.78%; Reports Investment Worth Rs. 2.05 Kharba for Q2
Fri, Feb 10, 2023 3:25 PM on Latest, Financial Analysis, Stock Market,
Citizen Investment Trust (CIT) has reported a net profit of Rs. 51.32 crores in the second quarter of the fiscal year 2079-2080. This is an increase of 31.78% compared to the corresponding quarter of the previous year.
CIT made an investment of Rs. 2.05 Kharba, which has hiked by 11.84% as compared to the relevant quarter of previous year.
As per the report published by the company, the paid-up capital stands at Rs. 4.25 Arba. The share premium of the company decreases by 77.56% and stands at Rs. 28.38 Crores.
The annualized earnings per share stood at Rs. 24.15 whereas the net worth per share stood at Rs. 195.65. The company reported a Return on Investment of 9.42% which is an incline in this quarter.
Major Financial Highlights
| Particulars (Rs in 000) | Citizen Investment Trust | ||
|---|---|---|---|
| Q2 2079/80 | Q2 2078/79 | Difference | |
| Paid Up Capital | 4,251,000 | 3,270,000 | 30.00% |
| Share Premium | 283,878 | 1,264,878 | -77.56% |
| Insurance Fund Liability | 1,604,497 | 1,528,195 | |
| Total Investment | 205,692,601 | 183,910,788 | 11.84% |
| Total Income | 834,358 | 676,380 | 23.36% |
| Administrative Expenses | 113,531 | 121,250 | -6.37% |
| Net Profit | 513,238 | 389,460 | 31.78% |
| Annualized EPS (In Rs.) | 24.15 | 23.82 | 1.37% |
| Return on Investment (%) | 9.42 | 7.82 | |
| Fund to Investment Ratio (%) | 99.75 | 99.46 | |
| Net Worth per Share (In Rs.) | 195.65 | 164.05 | 19.26% |
| Qtr End P/E Ratio | 88.00 | - | 0.00% |
| Qte End Price | 2125 | - | 0.00% |
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