Shikhar Insurance Q4 financials: Net profit remains stagnant, net premium decline by 7.83% whereas net claim payment decline by 22.38%
Mon, Aug 17, 2020 6:31 AM on Company Analysis,
Shikhar Insurance Company Limited (SICL) net profit has increased by 6.39% in the fourth quarter of the fiscal year 2076/77. The company net profit has increased from Rs.42.31 Crore in the corresponding quarter to Rs.45.01 Crore in the Q4 of the FY 2076/77.
The net earnings from premium stood at Rs.1.18 arba till Q4 of FY 2076/77. The company has earned Rs.12.73 Crore from investment, loans, and others while its reinsurance income stands at Rs.58.82 Crore.
Shikhar Insurance has a paid-up capital of Rs.1.05 Arba with a reserve and surplus of Rs.83.63 Crore. It has Rs.1.05 Arba in insurance fund and Rs.9.43 Crore in the contingent fund.
Shikhar Insurance has recently issued a 30% right share to its shareholders which is yet to be adjusted in the published Q4 report.
The EPS and net worth per share stand at Rs.42.58 and Rs.288.02. The quarter-end P/E ratio of the company is at 23.93 times.
Major Highlights:
|
Particulars (In Rs '000") |
Shikhar Insurance |
||
|---|---|---|---|
|
Q4 2076/77 |
Q4 2075/76 |
Difference |
|
|
Paid Up Capital |
1,057,311 |
1,057,311 |
0.00% |
|
Reserve and Surplus |
836,336 |
401,183 |
108.47% |
|
Insurance Fund |
1,057,311 |
1,042,280 |
1.44% |
|
Contingent Fund |
94,344 |
94,344 |
0.00% |
|
Gross Premium |
3,521,651 |
3,519,340 |
0.07% |
|
Net Premium |
1,185,469 |
1,286,190 |
-7.83% |
|
Re-Insurance Commission Income |
588,242 |
572,438 |
2.76% |
|
Income from Investment, Loan and others |
127,301 |
131,689 |
-3.33% |
|
Claim Payment (Net) |
874,715 |
1,126,956 |
-22.38% |
|
Agent Commission |
26,207 |
34,926 |
-24.96% |
|
Gross Profit |
588,660 |
550,101 |
7.01% |
|
Net Profit |
450,185 |
423,136 |
6.39% |
|
No of Policies |
259,574 |
303,591 |
-14.50% |
|
EPS (In Rs.) |
42.58 |
40.02 |
6.39% |
|
Net Worth per Share (In Rs.) |
288.02 |
245.45 |
17.35% |
|
Qtr End PE Ratio |
23.93 |
- |
- |
|
Qtr End Market Price |
1,019.00 |
- |
- |
