Siddhartha Insurance net profits fall to Rs.21.43 Crore by the end of Q4; EPS reported at Rs.21.43

Siddhartha Insurance Limited (SIL) has stated a fall in its net profit by 27.41% in the fourth quarter of the ongoing fiscal year 2075/76.

Publishing the unaudited financial report today, it stated net profit of Rs 21.43 crore in Q4 of the FY 2075/76, down from Rs 29.52 crore in the corresponding quarter of the FY 2074/75.

Further, its income from net premium has decreased from Rs 88.63 crore to Rs 82.18 crore at the end of Q4 this year, and its income from reinsurance commission has increased to Rs 29.96 crore.

Its current paid-up capital stands at Rs 1 arba with a reserve fund of Rs 15.55 crore and insurance fund of Rs 66.46 crore.

The total number of policies issued stands at 119,205 policies by the end of the fourth quarter which was 113,948 in the corresponding quarter of the previous year. The EPS stands at Rs.21.43 and net worth per share at Rs.189.89. The P/E ratio was reported at 21.23 times.