Neco Insurance profit rises by 13.63% to Rs 34.36 crore in Q4; EPS and quarter end PE stands at Rs 29.22 and 16.94 times
Mon, Aug 19, 2019 10:27 AM on Financial Analysis, Latest, Stock Market,
Neco Insurance Limited (NIL) net profit rises by 13.63% at the end of the fourth quarter of FY 2075/76. Publishing the financial report today, the non life insurance company stated that it earned a net profit of Rs 34.36 crore in Q4 of the FY 2075/76, up from Rs 30.24 crore in the corresponding quarter of the FY 2074/75.
Along with its net profit, its net income from premium has increased by 16.24% from Rs 98.51 crore to Rs 1.14 arba at the end of Q4 of 2075/76. The company net claims increased by 31.25% to Rs 55.46 crore till Q4.
Its current paid up capital stands at Rs 1.17 arba. It has a reserve fund of Rs 46.37 crore and the insurance fund amounts to Rs 60.74 crore.
The company has issued a total of 2,76,715 insurance policies till Q4 of 2075/76. Its earning per share stands at Rs 29.22, net worth per share stands at Rs 195.90 and quarter end P/E ratio at 16.94 times.
Major Highlights:
|
Particulars (In Rs '000) |
Neco Insurance Ltd |
||
|---|---|---|---|
|
Q4 2075/76 |
Q4 2074/75 |
Difference |
|
|
Paid Up Capital |
1,176,278 |
1,176,278 |
0.00% |
|
Reserve and Surplus |
463,717 |
309,064 |
50.04% |
|
Insurance Fund |
607,428 |
435,591 |
39.45% |
|
Contingent Reserve |
56,901 |
39,717 |
43.27% |
|
Gross Premium |
1,916,200 |
1,660,900 |
15.37% |
|
Net Premium |
1,145,192 |
985,170 |
16.24% |
|
Re-Insurance Income |
218,616 |
163,463 |
33.74% |
|
Income from Investment, Loan and others |
100,991 |
96,093 |
5.10% |
|
Claim Payment (Net) |
554,630 |
422,585 |
31.25% |
|
Agent Commission |
42,433 |
40,127 |
5.75% |
|
Gross Profit |
427,900 |
428,170 |
-0.06% |
|
Net Profit |
343,674 |
302,459 |
13.63% |
|
No of Policies |
276,715 |
269,822 |
2.55% |
|
EPS (In Rs.) |
29.22 |
25.71 |
13.63% |
|
Net Worth per Share (In Rs.) |
195.90 |
166.68 |
17.53% |
|
Qtr End PE Ratio |
16.94 |
- |
- |
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