Surya Life Insurance Profit Declines by 38.46% in Q3; EPS at Rs.7.88
Thu, May 12, 2022 4:04 PM on Latest, Financial Analysis, Stock Market,
Surya Life Insurance Company Limited (SLICL) has earned net profit of Rs 15.06 crore till the third quarter of FY 2078/79. In the previous year of the same quarter, the net profit stands at Rs 24.4 crore. The net profit decline by 38.46% in this quarter.
As per the unaudited report for the third quarter published today, the earnings from premium rose by 10.90% to Rs 3.58 arba till Q3 from Rs 3.23 arba in the corresponding quarter of last FY 2077/78.
The company has made a claim payment of Rs 72.09 crore till Q3 which is an increment of 41.96%; same figure stood at Rs 50.7 crore in corresponding quarter last FY.
SLICL's has a paid-up capital of Rs 2.55 arba with a reserve of Rs 59.4 crore. Likewise, the company’s life insurance fund has increased by 33.37% to Rs 13.35 arba from Rs. 10.01 arba in the corresponding quarter.
Its annualized EPS stands at Rs 7.88, net worth per share at Rs 120.31 and quarter end P/E ratio at 84.15 times.
Major financial highlights
|Particulars (In Rs '000")||Surya Life Insurance|
|Q3 2078/79||Q3 2077/78||Difference|
|Paid Up Capital||2,550,282||2,262,895||12.70%|
|Reserve and Surplus||594,687||767,048||-22.47%|
|Re-Insurance Commission Income|
|Income from Investment, Loan and others||718,037||615,912||16.58%|
|Income from loan secured by Insurance Policy||102,450||73,161||40.03%|
|Claim Payment (Net)||720,993||507,874||41.96%|
|Total premium earned this year (Rs)||3,673,698||3,281,848||11.94%|
|No of Policies||381,877||332,604||14.81%|
|EPS (In Rs.)||7.88||14.43||-45.40%|
|Net Worth per Share (In Rs.)||120.31|
|Qtr End PE Ratio||84.15||-||-|
|Qtr End Market Price||663.00||-||-|