Everest Insurance Q3 earning surges by 80.99% to Rs 1.15 crore; Reserve fund reaches Rs 15.41 crore; P/E ratio stands 120.58 times
Tue, May 17, 2016 10:32 AM on Latest, Financial Analysis, Featured,
Everest Insurance Company Limited (EIC) has posted net profit growth of 80.99 percent in the third quarter of the fiscal year 2072/73.
As per the unaudited financial report published today, the non-life insurance company has stated that its net profit surges to Rs 1.15 crore in the third quarter of the fiscal year 2072/73 as compared to Rs 63.99 lakh in the corresponding quarter of last year report.
The company’s net earnings from premiums grew to Rs 5.27 crore in Q3 up from Rs 3.50 crore in the same quarter last year.
The insurance company has paid up capital of Rs 10.12 crore in Q3.
The positive aspect of Everest’s financial report for the third quarter is that its reserve fund has reached Rs 15.41 crore in Q3, up from Rs 11.29 in the previous fiscal year.
Their policy holder has drastically increased to 8.42 thousand in this quarter from 5.65 thousand reported in the same period of last year.
EIC annualized earning per share (EPS) stands at Rs 11.44; P/E ratio is at 120.58 times and net worth per share at Rs 300.69.
The insurance company has paid up capital of Rs 10.12 crore in Q3.
The positive aspect of Everest’s financial report for the third quarter is that its reserve fund has reached Rs 15.41 crore in Q3, up from Rs 11.29 in the previous fiscal year.
Their policy holder has drastically increased to 8.42 thousand in this quarter from 5.65 thousand reported in the same period of last year.
EIC annualized earning per share (EPS) stands at Rs 11.44; P/E ratio is at 120.58 times and net worth per share at Rs 300.69.
