Sagarmatha reports net profit of Rs 3.69 crore in Q1; Annualized EPS stands at Rs 27.44

Sagarmatha Insurance Company Limited has published its first quarter report for the fiscal year 2075/76. The insurance company has reported profit of Rs 3.69 crore in the first quarter which was Rs 3.26 crore in the corresponding quarter of the FY 2074/75.

The net insurance premium was Rs 31.13 crore which has increased from Rs 22.76 crore. Its income from reinsurance commission has increased to Rs 8.46 crore.

Its paid up capital stands at Rs 53.82 crore with reserve fund of Rs 55.72 crore and insurance fund amounts to Rs 48.87 crore. To meet the capital requirement of Rs 1 arba, SIC should hike its capital by Rs 46.18 crore (around 85.80%).

Its annualized earning per share stands at Rs 27.44, net worth per share at Rs 309.90 and P/E ratio at 49.56 times.