Shikhar Insurance profit rises 41.49% to Rs 12.12 crore

ShareSansar, May 20:

Shikhar Insurance Company Limited (SICL) has reported a 41.49 % rise in profit for the third quarter of 2071/72.

The insurance company’s profit rose from Rs 8.56 crore in the corresponding quarter of 2070/71 to Rs 12.12 crore in the Q3 of the current fiscal year.

The company’s net earnings from premiums grew to Rs 48.96 crore from Rs 33.17 crore in the same quarter last year.

Shikar’s policy subscription increased to 1,10,569 by the end of this quarter from 58,061 reported in the same period of last year.

The insurance company has a paid up capital of Rs 35.76 crore. It’s annualized EPS stands at Rs 45.89 and net worth per share at Rs 198.44.