Himalayan General Insurance posts remarkable growth of 81% in the net profits for the first quarter; EPS and Net Worth per Share stand at Rs.3.94 and Rs.158.48 respectively
Thu, Nov 15, 2018 1:51 PM on Financial Analysis, Latest, Stock Market,
Himalayan General Insurance published the quarterly report for the first quarter of FY 75/76. The paid up capital of the company stands at Rs.1.02 Arba, marking a slight increase of 0.70% compared to the corresponding quarter of the previous year. The reserves of the company grew by 43.45% from Rs.12.05 Crore to Rs.17.29 Crore by the end of the first quarter.
Insurance fund of the company stands at Rs.42.77 Crore, up from Rs.34.21 Crore posted in the corresponding quarter of the previous year. The earnings from premium fell by 11.3% from Rs.10.94 Crore to Rs.9.31 Crore. The number of total inforce policies stands at 13,135 policies which was previously 9,933 policies.
The company posted a growth of 81.49% in the net profits. The net profit of the company was previously at Rs.2.23 Crore which grew to Rs.4.05 Crore by the end of the first quarter. The EPS of the company stands at Rs.3.94 and the net worth per share stands at Rs.158.48.
Highlights
|
Particulars (In Rs '000) |
Q1 75/76 |
Q1 74/75 |
Difference |
|---|---|---|---|
|
Paid Up Capital |
1,027,200 |
1,020,047 |
0.70% |
|
Reserve & Surplus |
172,947 |
120,563 |
43.45% |
|
Insurance Fund |
427,774 |
342,160 |
25.02% |
|
Earnings from Premium |
93,121 |
104,972 |
-11.29% |
|
Net Profit |
40,505 |
22,318 |
81.49% |
|
EPS (In Rs.) |
3.94 |
- |
- |
|
Net Worth per Share (In Rs.) |
158.48 |
- |
- |
|
Total Inforce Policy count (No.) |
13,135 |
9,933 |
32.24% |
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