NLG Insurance net profit in Q2 increases to Rs 15.10 crore; EPS stands at Rs 31.44

NLG Insurance Company Limited (NLG) has posted 16.37% increase in its net profit in the third quarter of the ongoing fiscal year 2074/75.

Publishing the financial report today, it has earned net profit of Rs 15.10 crore in Q3 of the FY 2074/75, up from Rs 12.97 crore in the corresponding quarter of the FY 2073/74.

While its income from net premium has dropped from Rs 59.08 crore to Rs 55.60 crore at the end of Q3 this year, its income from reinsurance commission has increased to Rs 13.75 crore.

Its current paid up capital stands at Rs 64.04 crore after the adjustment of 25% bonus shares form the net profit of FY 2073/74, with Rs 8.57 crore in reserve and insurance fund amounts to Rs 65.68 crore. Likewise, it has paid claim of Rs 32.25 crore.

Its annualized earnings per share stands at Rs 31.44, net worth per share at Rs 222.54 and P/E ratio at 26.65 times.