Shikhar Insurance profit up by 44.56%; EPS stands at Rs 38.47

ShareSansar, November 17:

Shikhar Insurance Company Limited (SICL) reports 44.56 percent increase in its net profit for the first quarter of the current fiscal year 2071/72.

In the unaudited financial report published today, the insurance company has stated increase in the net profit to Rs 2.91 crore as compared to Rs 2.01 crore of the corresponding quarter.

Likewise, there is an increment in the insurance fund of Rs 21.24 crore from Rs 14.94 crore and the reserves have also increased to Rs 10.93 crore from Rs 7.30 crore as compared to corresponding quarter of the last fiscal year 2070/71.

The total insurance holders increased to 30,075 equated to 15,330 of last fiscal year.

The company’s annualized EPS is Rs 38.47; net worth per share is Rs 207.75 and the P/E ratio stands at 20.87 times.