Rastriya Beema Company reports more than 80% growth in net profit; annualized EPS at massive Rs.235.88

Rastriya Beema Company Limited (RBCL)'s profit has increased by 86.69% in the second quarter of the fiscal year 2076/77 compared to the corresponding quarter of the previous year.

Publishing the financial report, it has posted a net profit of Rs.31.44 crore in Q2 of the FY 2076/77, up from Rs.16.84 Crore in the corresponding quarter of the FY 2075/76.

While its income from net premium has decreased from Rs.25.67 Crore to Rs.14.48 Crore at the end of Q2 this year, its income from reinsurance commission has decreased to Rs.9.20 Crore from Rs.12.64 Crore.

It currently has Rs.2.64 Arba in reserve with an insurance fund of Rs.1.93 Arba. Its paid-up capital stands at Rs.26.66 Crore.

Its annualized earning per share stands at Rs.235.88, net worth per share at Rs.1093.50 and quarter end P/E ratio at 38.15 times.