NB Insurance reports 137% increase in net profit; EPS at Rs 23.12

NB Insurance Company Limited (NBIL) has posted a 137.26% rise in net profit in the second quarter of the ongoing fiscal year 2073/74. As per the unaudited financial statement published by the non-life insurance company today, its net profit has increased to Rs 3.12 crore till the end of Q2, up from Rs 1.31 crore in the second quarter last year. NBIL’s net premium has increased to Rs 14.73 crore, an increase of 5 times from the figure last year. The number of policies has increased from 6,593 to 24,593 in the same period. Its paid up capital stands at Rs 27 crore with a reserve of Rs 9.35 crore. Its EPS now stands at Rs 23.12, net worth at Rs 106.67 per share and P/E ratio at 43.55 times.