Rastriya Beema Company reports a huge decline in profits for the end of second quarter; EPS and net worth per share stand at Rs.126.35 and 908.16 respectively

Rastriya Beema Company Limited (RBCL)'s profit has decreased by 54.77% in the second 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 16.84 crore in Q2 of the FY 2075/76, down from Rs 37.25 crore in the corresponding quarter of the FY 2074/75.

While its income from net premium has increased from Rs 12.88 crore to Rs 25.67 crore at the end of Q2 this year, its income from reinsurance commission has increased to Rs 12.64 crore.

It currently has Rs 2.15 arba in reserve whereas insurance fund amounts to Rs 1.43 arba. Its paid up capital stands at Rs 26.66 crore.

Its annualized earning per share stands at Rs 126.35, net worth per share at Rs 908.16 and P/E ratio at 150.37 times.