NLG Insurance reports net profit of Rs.8.75 Crore till second quarter end; EPS and net worth per share stand at Rs.27.35 and Rs.278.21 respectively

Wed, Feb 12, 2020 5:24 PM on Financial Analysis, Latest,
NLG Insura...

NLG Insurance Company (NLG) has earned a net profit of Rs.8.75 Crore till the second quarter (Q2) of the fiscal year 2076/77. It was Rs.8.45 Crore in the corresponding quarter of previous year.

The net earnings from premium increased to Rs.43.42 Crore in the Q2 from Rs.35.80 Crore posted in the previous year.

NLG Insurance has a paid-up capital of Rs.64.04 Crore with reserve of Rs.24.21 Crore. The company’s insurance fund has increased to Rs.83.60 Crore.

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 issuing 60% right shares.

Its annualized EPS stands at Rs.27.35, net worth per share at Rs.278.21 and quarter end P/E ratio at 25.59 times.