Lumbini General Insurance profit shrink by 18%; EPS & Net Worth per share stands at Rs 16.3 & 179.36 respectively

Lumbini General Insurance Limited ( LGIL ) has earned a net profit of Rs 7.17 crore in the Q2 of 2075/76 Fiscal Year. The profit of the company has decreased by 18.0% in this quarter compared to the corresponding quarter of last fiscal year.

As per the unaudited report published today, the net earnings from premium has increased by 3.0% to Rs 36.83 crore in Q2 2075/76 from Rs 35.92 crore in the corresponding quarter of last fiscal year.

The company's number of policyholders has decreased by 8.80% to 65.62 thousand in Q2 2075/76 from 71.4 thousand in Q2 74/75.

The insurance company has a paid-up capital of Rs 88.0 crore with a reserve of Rs 17.92 crore in Q2 2075/76.

Likewise, the company’s insurance fund has increased to Rs 47.58 crore from Rs 36.86 crore in the corresponding quarter of the last fiscal year.

Its annualized EPS has stood at Rs 16.3, net worth per share at Rs 179.36 and P/E ratio at 30.93 times.