IME General Insurance posts net profit of Rs.2.61 Crore; EPS stands at Rs.19.36 by the end of the first quarter
Fri, Nov 16, 2018 11:31 AM on Financial Analysis, Latest, Stock Market,
IME General Insurance Limited has published the first quarter report for FY 75/76. As per the report, the paid up capital of the company remains unchanged at Rs.54 Crore since the corresponding quarter of the previous year. The reserves of the company grew by 12.57% from Rs.11.49 Crore to Rs.12.93 Crore by the end of the first quarter.
The insurance fund of the company stands at Rs.19.10 Crore, marking an increase of almost 80% compared to the corresponding quarter of the previous year. Earnings from premium have increased by 37.46% from Rs.8.99 Crore posted previously to Rs.12.35 Crore posted by the end of the first quarter. Both the net profit and EPS grew by 2.27% each. The company posted a net profit of Rs.2.61 Crore while the EPS stands at Rs.19.36.
The company posted a growth of 28.63% in the net worth per share. The net worth per share was previously at Rs.123.87 which is currently at Rs.159.33. The number of total inforce policies grew from 15,692 policies to 20,387 policies by the end of the first quarter.
Highlights
|
Particulars (In Rs '000) |
Q1 75/76 |
Q1 74/75 |
Difference |
|---|---|---|---|
|
Paid Up Capital |
540,000 |
540,000 |
0.00% |
|
Reserve & Surplus |
129,352 |
114,904 |
12.57% |
|
Insurance Fund |
191,042 |
106,324 |
79.68% |
|
Earnings from Premium |
123,585 |
89,904 |
37.46% |
|
Net Profit |
26,130 |
25,551 |
2.27% |
|
EPS (In Rs.) |
19.36 |
18.93 |
2.27% |
|
Net Worth per Share (In Rs.) |
159.33 |
123.87 |
28.63% |
|
Total Inforce Policy count (No.) |
20,387 |
15,692 |
29.92% |
