Siddhartha Insurance reports 1.99% rise in net profit till Q2 2076/77; Annualized EPS at Rs 18.32

Siddhartha Insurance Limited (SIL) has stated a rise in its net profit by 1.99% in the second quarter of the ongoing fiscal year 2076/77.

Publishing the unaudited financial report today, it stated net profit of Rs 9.16 crore in Q2 of the FY 2076/77, up from Rs 8.98 crore in the corresponding quarter of the FY 2075/76.

Further, its income from net premium has increased from Rs 44.27 crore to Rs 48.06 crore at the end of Q2 this year, and its income from reinsurance commission has increased to Rs 17.67 crore.

Its current paid-up capital stands at Rs 1 arba with a reserve fund of Rs 20.75 crore and an insurance fund of Rs 72.32 crore.

The total number of policies issued stands at 77,594 policies by the end of the second quarter which was 55,005 in the corresponding quarter of the previous year. The annualized EPS stands at Rs. 18.32 and net worth per share at Rs. 201.52. The P/E ratio was reported at 26.09 times.

Second Quarter Report