Everest Insurance profit rises by massive 381.52% in Q4; EPS stands at Rs 17.62 with PE of 23.38 times
Mon, Aug 10, 2020 6:00 AM on Company Analysis, Latest,
Everest Insurance Company Limited (EIC) has published its fourth-quarter report of FY 2076/77 with a 381.52% rise in net profit. As per the Q4 report; the company has earned Rs 19.31 Crore at the end of the fourth quarter FY 2076/77 compared to Rs 4.01 Crore in the corresponding quarter.
It's paid-up capital stands at Rs.1.09 Arba. The reserve fund of the company has increased to Rs 27.45 Crore from the corresponding years' Rs 19.25 Crore. The company’s insurance fund has increased to Rs 32.67 Crore from Rs 23.04 Crore in the corresponding quarter of the previous year.
The company’s earnings from premium (net) increased to Rs 40.85 Crore in Q4 from Rs 38.92 Crore in the corresponding quarter of the last fiscal year.
The company has made claim payment (net) worth Rs 16.89 Crore whereas the same amount stood at Rs 11.85 Crore in the corresponding quarter.
The number of policies of EIC is 79,502 with a 12.11% decline compared to the corresponding quarter.
Its EPS stands at Rs 17.62 while the quarter-end PE ratio is at 23.38 times. The net worth per share of the company amounts to Rs 412.
Major Highlights:
|
Particulars (In Rs '000) |
Everest Insurance |
||
|---|---|---|---|
|
Q4 2076/77 |
Q4 2075/76 |
Difference |
|
|
Paid Up Capital |
1,095,930 |
1,042,948 |
5.08% |
|
Reserve and Surplus |
274,574 |
192,533 |
42.61% |
|
Insurance Fund |
326,744 |
230,474 |
41.77% |
|
Gross Premium |
904,432 |
812,291 |
11.34% |
|
Net Premium |
408,595 |
389,247 |
4.97% |
|
Re-Insurance Commission Income |
116,098 |
94,259 |
23.17% |
|
Income from Investment, Loan, and others |
75,549 |
35,435 |
113.20% |
|
Claim Payment (Net) |
168,924 |
118,517 |
42.53% |
|
Agent Commission |
19,764 |
17,568 |
12.50% |
|
Gross Profit |
232,473 |
44,290 |
424.89% |
|
Net Profit |
193,139 |
40,110 |
381.52% |
|
No of Policies |
79,502 |
90,456 |
-12.11% |
|
EPS (In Rs.) |
17.62 |
3.85 |
358.24% |
|
Net Worth per Share (In Rs.) |
154.87 |
140.56 |
10.18% |
|
Qtr End PE Ratio |
23.38 |
- |
- |
|
Qtr End Market Price |
412 |
- |
- |
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