Rastriya Beema Company recuperates from last quarter's decline in net profit; Reports 26% rise in net profit for Q3 of FY 2075/76 with EPS of Rs 292.45

Rastriya Beema Company Limited (RBCL)'s profit has increased by 26.77% in the third quarter of the fiscal year 2075/76 compared to the corresponding quarter of the previous year.

Publishing the financial report, it has posted net profit of Rs 58.48 crore in Q3 of the FY 2075/76, up from Rs 46.13 crore in the corresponding quarter of the FY 2074/75.

While its income from net premium has increased from Rs 17.95 crore to Rs 30.33 crore at the end of Q3 this year, its income from reinsurance commission has increased to Rs 16.49 crore from Rs 1.70 crore.

It currently has Rs 2.36 arba in reserve with insurance fund of Rs 1.64 arba. Its paid up capital stands at Rs 26.66 crore.

Its annualized earning per share stands at Rs 292.45, net worth per share at Rs 986.24 and P/E ratio at 41.49 times.

Announcement