Lumbini General Insurance reports meagre growth in net profit reaching Rs 7.72 crore; Annualized EPS at Rs 17.55

Wed, Feb 12, 2020 1:02 PM on Financial Analysis, Latest, Stock Market,

Lumbini General Insurance Limited (LGIL) has earned a net profit of Rs.7.72 Crore in the Q2 of 2076/77 Fiscal Year. The profit of the company has risen from Rs.7.67 Crore in the corresponding quarter.

The net earnings from premium have decreased to Rs.31.37 Crore in Q2 2076/77 from Rs.36.83 Crore in the corresponding quarter of the last fiscal year. The company's number of policyholders decreased to 62,583 in Q2 2076/77 from 65,626 last year.

The insurance company has a paid-up capital of Rs.88 Crore with a reserve of Rs.26.98 Crore in Q2 2076/77.

Its annualized EPS has stood at Rs.17.55, net worth per share at Rs.202.79 and P/E ratio at 22.05 times as per the second-quarter reports.

Second Quarter Report