Himalayan General Insurance posts 68% increase in the net profits for the second quarter; reserves grew by 70%, almost touching Rs.20 Crore
Tue, Feb 12, 2019 2:10 PM on Financial Analysis, Latest, Stock Market,
Himalayan General Insurance (HGI) published the quarterly report for the second quarter of FY 2075/76. The paid up capital of the company stands at Rs.1.02 Arba, similar to the corresponding quarter of the previous year. The reserves of the company grew by 70.33% from Rs.11.68 Crore to Rs.19.89 Crore by the end of the second quarter.
Insurance fund of the company stands at Rs.44.96 Crore, up from Rs.35.65 Crore posted in the corresponding quarter of the previous year. The earnings from premium grew by 8.10% from Rs.17.50 Crore to Rs.18.92 Crore. The number of total inforce policies stands at 25,119 policies which was previously 18,767 policies.
The company posted a growth of 68.61% in the net profits. The net profit of the company was previously at Rs.5.10 Crore which grew to Rs.8.60 Crore by the end of the second quarter. The EPS of the company stands at Rs.8.37 and the net worth per share stands at Rs.163.15.
Highlights
|
Particulars (In Rs '000) |
Q2 2075/76 |
Q2 2074/75 |
Difference |
|---|---|---|---|
|
Paid Up Capital |
1,027,200 |
1,027,200 |
0.00% |
|
Reserve & Surplus |
198,989 |
116,823 |
70.33% |
|
Insurance Fund |
449,667 |
356,509 |
26.13% |
|
Earnings from Premium |
189,229 |
175,053 |
8.10% |
|
Net Profit |
86,008 |
51,011 |
68.61% |
|
EPS (In Rs.) |
8.37 |
4.97 |
68.41% |
|
Net Worth per Share (In Rs.) |
163.15 |
146.08 |
11.69% |
|
Total Inforce Policy count (No.) |
25,119 |
18,767 |
33.85% |
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