Siddhartha Insurance reports slight increment of 2.25% in its net profit in Q2; EPS and Net worth per share are Rs. 20.74 and Rs. 204.29 respectively

Siddhartha Insurance Limited (SIL) has stated small growth in its net profit by 2.25% in the second quarter of the ongoing fiscal year 2075/76.

Publishing the unaudited financial report today, it stated net profit of Rs 8.98 crore in Q2 of the FY 2075/76, up from Rs 8.78 crore in the corresponding quarter of the FY 2074/75.

Further, its income from net premium has decreased from Rs 44.95 crore to Rs 44.27 crore at the end of Q2 this year, and its income from reinsurance commission has increased to Rs 13.28 crore.

Its current paid-up capital stands at Rs 86.59 crore with a reserve fund of Rs 23.14 crore and insurance fund of Rs 59.94 crore.

Its annualized earning per share stands at Rs 20.74 with Net worth of Rs. 204.29 and PE ratio at 30.56 times.

Q2 report