Shikhar Insurance profit grows by 78.05% in Q2; 109% increase in net premium

  Shikhar Insurance Company Limited  (SICL) has reported a profit growth of 78.05 percent in the second quarter of the last fiscal year 2073/74. According to the unaudited financial report for the second quarter published by the non-life insurance company today, its net profit has increased to Rs. 18.01 crore in second quarter this FY 2073/74 as compared to Rs 10.11 crore in the corresponding quarter of the last fiscal year 2072/73. The company’s net earnings from premium have risen to Rs 75.83 crore in Q2, up 109% from Rs 36.15 crore in the corresponding quarter of the last fiscal year. The insurance company has a paid up capital of Rs 81.76 crore . Its number of insurance policies has increased to 132,816 in Q4 from 90,381 reported in the same period of last year. Its earning per share (EPS) stands at Rs 44.07, P/E ratio at 48.08 times and net worth per share at Rs. 196.13.