Everest Insurance profit mounts by 11.09 % to Rs 15.12 Lakhs in Q1

Everest Insurance Company Limited (EIC) has posted a net profit of Rs 15.12 lakh for the first quarter of the fiscal year 2072/73. According to the unaudited financial report for the first quarter published today, its net profit surged to Rs 15.12 lakh in Q1 as compared to Rs 13.61 lakh in the corresponding quarter of the last fiscal year 2070/71. EIC’s paid up capital remains at Rs 10.12 crore and reserve at Rs 14.41crore. The insurance fund of the company remained constant at Rs 4.88 crore in Q1 of FY 2072/73 alike in the corresponding quarter of the previous fiscal year. Everest Insurance policy holders increased by three times. The figure increased to 2,694 from 995 in Q1 as compared to the same time frame last fiscal year. EIC’s Earning per Share (annualized) stood at Rs14.93 and net worth per share at Rs 290.76.