Citizen Investment Trust Posts 4.43% Profit Growth in First Quarter, Investment Portfolio Expands Significantly

The Citizen Investment Trust (CIT) has reported a net profit of Rs. 31 crore 43 lakh in the first quarter (Shrawan–Ashoj) of the current fiscal year 2082/83. Compared to the same period last year, the Trust’s profit has increased by 4.43%. In the corresponding quarter of the previous fiscal year, CIT had earned Rs. 30 crore 9 lakh in profit.

Despite the rise in profit, the Trust’s interest income has declined sharply. During the review period, interest income dropped by 18.87% to Rs. 9 crore 72 lakh, mainly due to the decline in bank interest rates. The reduction in deposit rates significantly affected CIT’s income from fixed deposits and other interest-bearing investments.

However, the Trust saw a strong rise in service charges and commission earnings. By the end of Ashoj, CIT generated Rs. 42 crore 74 lakh from service fees and commissions, which contributed positively to overall profit growth.

As of the first quarter, CIT’s total investment portfolio reached Rs. 2 trillion 95 billion 83 crore 23 lakh. In the same period last year, the total investment stood at Rs. 2 trillion 50 billion 99 crore 56 lakh. This reflects a 17.86% increase in investment within a year, indicating an expansion in CIT’s investment strategy and asset portfolio.

Investment in securities has also grown. CIT has invested Rs. 32 billion 27 crore 19 lakh in various securities—an increase of Rs. 1 billion 32 crore compared to last year. Similarly, the Trust has invested Rs. 1 trillion 62 billion 54 crore 32 lakh in fixed deposits across different banks.

The quarterly data illustrates that although interest income declined, growth in service-related revenue and expansion of the investment portfolio helped CIT maintain steady profit growth in the first quarter.