Net profits of IME General Insurance crosses Rs.10 Crore by the end of third quarter; net earnings from premium increases by more than 40%
Mon, May 13, 2019 1:56 PM on Financial Analysis, Latest, Stock Market,
IME General Insurance Limited (IGI) has earned a net profit of Rs 10 crore in the Q3 of 2075/76 fiscal year. The profit of the company has increased by 21.37% 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 40.74% to Rs 39.51 crore till Chaitra month end from Rs 28.07 crore in the corresponding quarter of last fiscal year.
The company's number of policyholders has increased by 26.32% to 63,182 compare to 50,016 in the corresponding Q3 of last fiscal year.
The insurance company has a paid-up capital of Rs 97.20 crore with a reserve of Rs 19.44 crore in Q3 2075/76.
The company’s insurance fund has increased to Rs 22.79 crore in this quarter from Rs 13.47 crore in the corresponding quarter of the last fiscal year.
The annualized EPS stands at Rs 13.72 with net worth per share of Rs 143.46. The PE Ratio stands at 29.15 times as of the third quarter end.
