Decline in profit of Rastriya Beema Sansthan by 65.04% to Rs 68.16 lakh; Net worth at Rs 3559.33 & EPS at Rs 73.29

Rastriya Beema Sansthan (RBS) has reported 65.04% decline in its net profit in fourth quarter of the last fiscal year 73/74. As per the unaudited quarterly report published by the insurance company today, its net profit as of the end of fourth quarter this year amounts to Rs 68.16 lakh, down from Rs 1.94 crore in the corresponding quarter last year. Its net earnings from premium has risen to Rs 2.75 arba in Q4 from Rs 2.46 arba in the corresponding quarter. Its reserve has increased to Rs 32.17 crore in the fourth quarter from Rs 31.49 crore in the corresponding quarter. Its life insurance fund now stands at Rs 11.72 arba and pending claims provisions decline to Rs 17.94 crore from Rs 19.07 crore. RBS has paid up capital of Rs 93.00 lakh only. As of the end of Q4, its EPS stands at Rs 73.29, net worth per share at Rs 3559.33.