Shikhar Insurance profit jumps by 36.76% & Himalayan General Insurance profit declines by 5.95%

Shikhar Insurance Company Limited (SICL) has reported 36.76% rise in profit for the second quarter of the fiscal year 2072/73. As per the unaudited report for the second quarter published today, the insurance company reported a net profit of Rs.10.11 crore in the Q2 of current fiscal year, up from Rs.3.79 crore in the corresponding period last year. The company’s net earnings from premiums rose to Rs.36.15 crore from Rs 28.89 crore. SICL has a paid up capital of Rs.40.87 crore. SICL reserve fund of the company increased to Rs.45.60 crore in Q2 from Rs.12.44 crore as in the corresponding quarter previous fiscal year. Likewise, The company’s insurance fund increased to Rs. 35.65 crore from Rs.10.50 arba. The company’s number of policy holders has risen to 90.38 thousand this quarter compared to 70.57 thousand as in the same period last year. Shikhar Insurance annualized earning per share (EPS) stands at Rs.49.5, net worth per share at Rs.301 and P/E ratio at 26.67 times. Himalayan General Insurance Company Limited has posted 5.95% decline in profit for the second quarter of the fiscal year 2072/73. As per the unaudited report for the second quarter published today, the insurance company reported a net profit of Rs.3.43 crore in the Q2 of current fiscal year, down from Rs.3.65 crore in the corresponding period last year. The company’s net earnings from premiums decrease to Rs.11.33 crore from Rs. 12.51 crore. It has a paid up capital of Rs. 26.75 crore. The reserve fund of the company has increased to Rs. 13.41crore in Q2 from Rs.8.49 crore in the same quarter previous fiscal year. Likewise, the company’s insurance fund has risen to Rs. 21.06 crore from Rs. 13.61 crore. The company’s number of policy holders has risen to 9.71 housand this quarter compared to thousand reported in the same period last year. Himalayan General’s EPS stands at Rs. 4.49, net worth per share is at Rs. 26.17 and P/E ratio at 86.85 times.