Rastriya Beema Sanstha net profit surges to Rs 43.86 lakh from Rs 17.38 lakh

Rastriya Beema Sansthan (RBS) has reported 152.35 % rise in its net profit in first quarter of the current FY 2074/75. As per the unaudited financial statement published by the insurance company today, its net profit as of the end of first quarter this year amounts to Rs 43.86 lakh, up from Rs 17.38 lakh in the corresponding quarter last year. Its net earnings from premium has risen to Rs 64.65 crore in Q1 from Rs 57.05 crore in the corresponding quarter. Its reserve has decreased to Rs 15.44 crore in the first quarter from Rs 31.66 crore in the corresponding quarter. Its life insurance fund now stands at Rs 13.67 arba. RBS has paid up capital of Rs 18.10 crore. As of the end of Q1, its annualized EPS stands at Rs 9.69.