NLG Insurance Q2 earning surges by 37.63 % to Rs 5.07 crore; Reserve Fund stands at Rs 7.29 crore
Thu, Feb 18, 2016 11:49 AM on Latest, Financial Analysis, Featured,
NLG Insurance Company Limited (NLG) has posted a net profit increased by 37.63 percent in the second quarter of the fiscal year 2072/73.
According to the unaudited financial report for the second quarter published today, its net profit surged to Rs 5.07 crore in Q2 as compared to Rs 3.68 crore in the corresponding quarter of the last fiscal year 2071/72.
The company’s net earnings from premium decline to Rs 24.88 crore in Q2 from Rs 25.76 crore in the previous quarter. NLG’s paid up capital remains at Rs 40.98 crore.
The reserve fund of the company has increased to Rs 7.29 crore in Q2, up from Rs 6.77 crore in the previous fiscal year. Likewise, Insurance fund has risen to 37.70 crore from Rs 29.36 crore.
NLG Insurance policy holder has increased to 75.18 thousand in this quarter from 54.72 thousand reported in the same period of last year.
NLG Earning per Share (EPS) stands at Rs 24.74, net worth per share is at Rs 214.52 and P/E ratio at 31.33 times.
The company’s net earnings from premium decline to Rs 24.88 crore in Q2 from Rs 25.76 crore in the previous quarter. NLG’s paid up capital remains at Rs 40.98 crore.
The reserve fund of the company has increased to Rs 7.29 crore in Q2, up from Rs 6.77 crore in the previous fiscal year. Likewise, Insurance fund has risen to 37.70 crore from Rs 29.36 crore.
NLG Insurance policy holder has increased to 75.18 thousand in this quarter from 54.72 thousand reported in the same period of last year.
NLG Earning per Share (EPS) stands at Rs 24.74, net worth per share is at Rs 214.52 and P/E ratio at 31.33 times.
