Himalayan General Insurance earns Rs 1.20 crore in Q1; Paid up capital stand at Rs 26.75 crore

Himalayan General Insurance Company Limited (HGI) has posted 29.12% decline in profit for the first quarter of the fiscal year 2072/73. As per the unaudited report for the first quarter published today, the insurance company reported a net profit of Rs.1.20 crore in the Q1 of current fiscal year, down from Rs.1.69 crore in the corresponding period last year. The company’s earnings from premiums decrease to Rs.5.90 crore from Rs. 6.55 crore. It has a paid up capital of Rs. 26.75 crore. The reserve fund of the company has increased to Rs. 13.69 crore in Q1 from Rs. 10.82 crore in the same quarter previous fiscal year. Likewise, the company’s insurance fund has risen to Rs. 20.04 crore from Rs. 11.94 crore. The company’s number of policy holders has risen to 54.30 thousand this quarter compared to 48.25 thousand reported in the same period last year. Himalayan General’s EPS stands at Rs. 4.49, net worth per share is at Rs. 26.17 and P/E ratio at 86.85 times.