National Life shows disappointing performance in Q2; EPS decreased by 37%; Net worth per share stand at Rs 136.05
Tue, Feb 12, 2019 11:54 AM on Financial Analysis, Latest, Stock Market,
National Life Insurance Company Limited ( NLICL ) has earned a net profit of Rs 17.12 crore in the Q2 of 2075/76. In the reviewed period the profit of the company has increased by 0.22% 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 21.38% to Rs 2.98 arba in Q2 2075/76 from Rs 2.45 arba in the corresponding quarter of last fiscal year. The company's number of policyholders has decreased by 13.56% to 7 lakh in Q2 2075/76 to 8.1 lakhs in the corresponding quarter of the last fiscal year.
The insurance company has a paid-up capital of Rs 2.64 arba with a reserve of Rs 95.52 crore in Q2 2075/76. The company has declared 13.5% bonus share from the profit of 2073/74 FY. Though the decision is yet to endorse from the AGM.
Highlights of Q2
| Particulars (In Rs '000) | NLICL | ||
|---|---|---|---|
| Q2 2075/76 | Q2 2074/75 | Difference | |
| Paid Up Capital | 2,649,727.34 | 1,656,079.58 | 60.00% |
| Reserved & Surplus | 955,197.18 | 392,074.99 | 143.63% |
| Insurance Fund | 23,714,880.93 | 19,263,147.87 | 23.11% |
| Net Earnings From Premium | 2,984,059.20 | 2,458,501.17 | 21.38% |
| Insurance Claim Payment | 1,181,408.36 | 716,593.22 | 64.86% |
| Policy Holders | 700,143.00 | 809,970.00 | -13.56% |
| Net Profit | 171,187.59 | 170,811.53 | 0.22% |
| EPS | 12.92 | 20.63 | -37.36% |
| Net Worth Per Share | 136.05 | 123.67 | 10.01% |
| P/E | 54.87 |
The company’s life insurance fund stands at Rs 23.71 arba. Its annualized EPS has stood at Rs 12.92, net worth per share at Rs 136.05.
According to a report, the company's P/E ratio is 54.87 times. LTP of the company’s stock stands at Rs 646.
