Despite decrease in Premium collection net profit of Siddhartha Insurance increases by 22.67%; EPS at 30.02
Mon, Aug 17, 2020 8:29 AM on Latest, Company Analysis,
Siddhartha Insurance Limited (SIL) has published its fourth-quarter report of FY 2076/2077 with an increase in net profit by 22.67%. The company’s profit has increased from Rs. 23.47 crores to Rs. 30.02 crores in this quarter.
As per the unaudited report for the fourth quarter published today, SIL has a paid-up capital of Rs. 1 Arba with a reserve and surplus of Rs. 30.13 crores. The company has 82.75 crores in the insurance fund.
The net earnings from the premium decreased by 4.16% to Rs. 80.75 crores till Q4, 2076/2077 from Rs. 84.25 crores in the corresponding quarter of the last fiscal year. The company has earned Rs. 43.70 crores from reinsurance income and investments.
The company’s Net claim payment decreased by 9.74% to Rs. 50.64 crores in Q4 of FY 2076/2077. Till this quarter, the company has issued 132,239 policies.
Siddhartha’s EPS stands at Rs. 30.02 whereas Net worth per share stands at Rs. 222.38 in the fourth quarter of fiscal year 2076/2077
Major Highlights:
|
Particulars (In '000) |
Siddhartha Insurance Limited |
||
|---|---|---|---|
|
Q4, 2076/2077 |
Q4,2075/2076 |
Difference |
|
|
Paid-up Capital |
1,000,000 |
1,000,000 |
0.00% |
|
Reserves & Surplus |
301,351 |
171,420 |
75.80% |
|
Insurance Fund |
827,550 |
677,440 |
22.16% |
|
Contingent Fund |
94,884 |
80,447 |
17.95% |
|
Net Premium |
807,553 |
842,597 |
-4.16% |
|
Re-insurance income |
339,535 |
328,572 |
3.34% |
|
Income from investment, loan, and others |
97,534 |
99,187 |
-1.67% |
|
Claim Payment (Net) |
500,647 |
554,678 |
-9.74% |
|
Agent Commission |
38,792 |
43,777 |
-11.39% |
|
Gross Profit |
383,749 |
292,057 |
31.40% |
|
Net Profit |
300,220 |
244,734 |
22.67% |
|
No. of Policies |
132,239 |
130,546 |
1.30% |
|
EPS (Rs.) |
30.02 |
24.47 |
22.68% |
|
Net worth per share (Rs.) |
222.38 |
192.93 |
15.26% |
|
Qtr End P/E ratio (times) |
19.32 |
- |
- |
|
Qtr End Price |
580 |
- |
- |
|
Price to book ratio (times) |
2.61 |
- |
- |
