Rastriya Beema Company profit decline by 18.27% in Q4; EPS and Networth stands at Rs 239.49 and Rs 1213.25

Mon, Aug 17, 2020 8:15 AM on Latest, Company Analysis,

Rastriya Beema Company Limited (RBCL)'s profit has decreased by 18.27% in the fourth quarter of the fiscal year 2076/77 compared to the corresponding quarter of the previous year.

Publishing the financial report today, it has posted a net profit of Rs 63.85 crore in Q4 of the FY 2076/77, up from Rs 78.13 Crore in the corresponding quarter of the FY 2075/76.

While its income from net premium has decreased by 35.60% from Rs 34.87 Crore to Rs 22.45 Crore at the end of Q4 this year, its income from reinsurance commission has decreased to Rs 17.48 Crore from Rs 17.95 Crore.

It currently has Rs 2.96 Arba in reserve with an insurance fund of Rs 2.25 Arba. Its paid-up capital stands at Rs.26.66 Crore.

Its earning per share stands at Rs 239.49, net worth per share at Rs 1213.25, and quarter-end P/E ratio at 38.41 times.

Click here for Q4 report:

Rastriya Beema Company yet to convene AGM for 8 years; Last company remaining to meet the minimum capital requirement

Major Highlights:

Particulars (In Rs '000")

Rastriya Beema Company Limited

Q4 2076/77

Q4 2075/76

Difference

Paid Up Capital

266,639

266,639

0.00%

Reserve and Surplus

2,968,347

2,461,309

20.60%

Insurance Fund

2,250,016

1,742,978

29.09%

Contingent Fund

                            -  

                     -  

 

Gross Premium

1,289,298

1,359,595

-5.17%

Net Premium

224,573

348,739

-35.60%

Re-Insurance Commission Income

174,891

179,590

-2.62%

Income from Investment, Loan and others

225,561

256,764

-12.15%

Claim Payment (Net)

60,656

71,055

-14.64%

Agent Commission

7,170

4,777

50.09%

Gross Profit

443,832

416,216

6.64%

Net Profit

638,566

781,310

-18.27%

No of Policies

15,930

15,675

1.63%

EPS (In Rs.)

239.49

293.02

-18.27%

Net Worth per Share (In Rs.)

1213.25

1676.77

22.68%

Qtr End PE Ratio

38.41

-

-

Qtr End Market Price

9,199.00

-

-