NLG Insurance reports EPS of Rs 27.22 for Q4 of 2075/76; Net profit stands at Rs 17.42 crore

NLG Insurance Company (NLG) has earned a net profit of Rs 17.42 crore till the fourth quarter (Q4) of the fiscal year 2075/76.

As per the unaudited report for the fourth quarter published, the net earnings from premium increased from Rs 69.15 crore in the corresponding quarter of last FY 2074/75 to Rs 81.93 crore.

NLG Insurance has a paid-up capital of Rs 64.04 arba with reserve of Rs 19.83 crore. Likewise, the company’s insurance fund has increased to Rs 79.22 crore from Rs 70.51 crore in the corresponding quarter.

The company is yet to meet to minimum paid up capital requirement of Rs 1 arba set by regulatory authority. For the purpose of increasing paid up capital NLG Insurance is planning to issue 60% right shares.

Its annualized EPS stands at Rs 27.22, net worth per share at Rs 264.54 and quarter end P/E ratio at 27.99 times.

Q4 report