Himalayan Reinsurance Earns Net Profit Of Rs. 19.6 Crores In The Third Quarter Of FY 2078/79
Sun, May 29, 2022 1:54 PM on Latest, Financial Analysis, Stock Market,
Himalayan Reinsurance Limited reported its third-quarter report of FY 2078/2079 with an incline in Net Profit by 57.43% as compared to the second quarter (Q2) of this Fiscal Year. The net profit stood at Rs. 19.6 crores which was Rs. 12.4 crores in the Q2.
The paid-up capital of the company stood at Rs. 700 crores whereas its reserve and surplus stood at Rs. 20 Crores in this quarter.
In this quarter the company had earned a huge income of Rs. 2.01 Crores from Investments, loans, and others, which was Rs. 87.8 Lakhs in the second quarter. However, the administration expenses of the company have surged by 46.29% as compared to Q2 coming up to Rs. 8.2 crores.
The EPS (Earnings Per Share) of the company stood at Rs. 3.74 and the Net worth Per-share remained at Rs. 102.94 for this quarter.
Major Financial Highlights
| Particulars (In Rs '000") | Himalayan ReInsurance Limited |
|---|---|
| Q3 2078/79 | |
| Paid Up Capital | 7000,000 |
| Reserve Fund | 200,604 |
| Insurance Fund | 4,812 |
| Contingent Fund | 460.74 |
| Premium (Own) | 474,965 |
| Income from Investment, Loan and others | 20,176 |
| Other Income | 11,386 |
| Claim Payment (Net) | 14,610 |
| Commission Expenses on Reinsurance | 98,585 |
| Administration Cost | 82,297 |
| Total Premium Earned | 525,967 |
| Net Profit | 196,458 |
| EPS (In Rs.) | 3.74 |
| Net Worth per Share (In Rs.) | 102.94 |
