Siddhartha Insurance reports meagre rise in net profit for Q1 of 2076/77; Annualized EPS at Rs 19.18
Mon, Nov 18, 2019 11:52 AM on Financial Analysis, Latest, Stock Market,
Siddhartha Insurance Limited (SIL) has stated a rise in its net profit by 2.46% in the first quarter of the ongoing fiscal year 2076/77.
Publishing the unaudited financial report today, it stated net profit of Rs 4.79 crore in Q1 of the FY 2076/77, up from Rs 4.66 crore in the corresponding quarter of the FY 2075/76.
Further, its income from net premium has increased from Rs 23.39 crore to Rs 27.68 crore at the end of Q1 this year, and its income from reinsurance commission has increased to Rs 10.54 crore.
Its current paid-up capital stands at Rs 1 arba with a reserve fund of Rs 17.20 crore and an insurance fund of Rs 68.85 crore.
The total number of policies issued stands at 35,577 policies by the end of the first quarter which was 38,148 in the corresponding quarter of the previous year. The annualized EPS stands at Rs. 19.18 and net worth per share at Rs. 194.11. The P/E ratio was reported at 19.81 times.
