Himalayan General Insurance net profit surges to Rs 5.10 crore from Rs 4.03 crore; EPS at Rs 9.94

Himalayan General Insurance Company Limited (HGI) has stated increase in its net profit by 26.55% in the second quarter of the ongoing fiscal year 2074/75. Publishing the financial report today, it has posted net profit of Rs 5.10 crore in Q2 of the FY 2074/75, up from Rs 4.03 crore in the corresponding quarter of the FY 2073/74. While its income from net premium has also increased from Rs 44.73 crore to Rs 48.22 crore at the end of Q2 this year, its income from reinsurance commission has decreased to Rs 4.28 crore. Its current paid up capital stands at Rs 1.02 arba with Rs 11.68 crore in reserve and insurance fund amounts to Rs 34.65 crore. Likewise, it has paid claim of Rs 14.76 crore. Its annualized earning per share stands at Rs 4.97 (annualized EPS = Rs 9.94), net worth per share at Rs 146.08 and P/E ratio at 50.55 times.