Shikhar Insurance’s best performance among non-life insurance companies; net premium earnings at Rs 1.14 arba

Shikhar Insurance Company Limited (SICL) has reported a profit growth of 28.50 percent in the third 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. 26.63 crore in third quarter this FY 2073/74 as compared to Rs 20.72 crore in the corresponding quarter of the last fiscal year 2072/73. The company’s net earnings from premium have risen to Rs 1.14 arba in Q3, up 57% from Rs 72.71 crore in the corresponding quarter of the last fiscal year. With this, SICL has been able to achieve the best performance among all non-life insurance companies. The insurance company has a paid up capital of Rs 81.76 crore. Its number of insurance policies has increased to 209,452 in Q3 from 159,333 reported in the same period of last year. Its annualized earnings per share (EPS) stands at Rs 43.43, P/E ratio at 51 times and net worth per share at Rs. 206.67.