Bottom Line Remained Stagnant For Shikhar Insurance During Q2
Sun, Feb 13, 2022 8:36 AM on Financial Analysis, Latest,
Shikhar Insurance Company Limited (SICL) has published its second-quarter report of the fiscal year 2078/2079 with an increase in net profit by 0.66% compared to the corresponding quarter of the previous year. The company’s net profit remained stagnant during the second quarter.
As per the unaudited report for the second quarter published today, Shikhar Insurance has a paid-up capital of Rs. 1.75 Arba with a reserve of Rs. 78.92 crores which include Rs. 9.57 crores worth share premium. The company has an insurance fund of Rs. 1.41 arba.
The Net Premium rose by 2.38% to Rs. 76.22 crores in FY 2078/2079 from Rs. 74.45 crores in the corresponding quarter of the previous year. The company has earned Rs. 11.55 crores from income from investment, loans, and other headings and Rs. 32.05 crores from Reinsurance Income.
The company’s net claim increased by 7.30% to Rs. 39.86 crores in this quarter. The company’s number of policies stood at 131,669 till Q2 of 2078/2079.
Its annualized earnings per share (EPS) stood at Rs. 27.64 whereas Net worth per share stood at Rs. 232.97. The company traded at a P/E multiple of 65.96 times.
Major Highlights:
|
Particulars |
Shikhar Insurance Company Limited |
||
|---|---|---|---|
|
Q2, 2078/2079 |
Q2, 2077/2078 |
Difference |
|
|
Paid-Up Capital |
1,758,524.00 |
1,374,503.80 |
- |
|
Reserve & Surplus |
789,264.00 |
1,036,448.95 |
-23.85% |
|
Insurance Fund |
1,416,684.22 |
1,178,015.81 |
20.26% |
|
Contingent Fund |
132,381.11 |
94,344.00 |
40.32% |
|
Gross Premium |
2,358,088.67 |
2,116,949.01 |
11.39% |
|
Net Premium |
762,255.16 |
744,528.52 |
2.38% |
|
Re-Insurance Income |
320,588.59 |
287,557.80 |
11.49% |
|
Income from Investment, Loan and others |
115,506.04 |
114,132.75 |
1.20% |
|
Claim Payment (Net) |
398,666.12 |
371,557.69 |
7.30% |
|
Agent Commission |
13,480.08 |
12,307.50 |
9.53% |
|
Net Profit |
243,010.58 |
241,410.42 |
0.66% |
|
No. Of Policies |
131,669.00 |
146,637.00 |
- |
|
Annualized EPS (Rs.) |
27.64 |
35.13 |
- |
|
Net Worth Per Share |
232.97 |
267.97 |
- |
|
Price/Earnings Ratio (times) |
65.96 |
- |
|
|
Price/Book Ratio (times) |
7.83 |
- |
- |
