Everest Insurance Earns Rs 7.42 Crores In 6 Months (Q2 Report)
February 9, 2021 | Investopaper
Everest Insurance has reported a 30 percent increment in net profit. As per the unaudited second quarterly report of the fiscal year 2077/78, the non-life insurance posted a net profit of Rs 7.42 crores. The company had earned Rs 5.69 crores in profit in the corresponding period of the previous fiscal year.
The table below presents the summarized version of the quarterly report.
Everest Insurance Second Quarterly Report Summary, FY 2077/78
| Financial Indicators | Q2, F.Y. 2077/78 | Q2, F.Y. 2076/77 | Percent Change |
| Paid-up Capital (Rs. ‘crores’) | 109.59 | 109.59 | 0.00 |
| Reserve & Surplus (Rs. ‘crores’) | 31.17 | 16.96 | 83.79 |
| Insurance Fund (Rs. ‘crores’) | 36.38 | 25.57 | 42.28 |
| Total Investments (Rs. ‘crores’) | 155.95 | 158.62 | -1.68 |
| Total Premium (Rs. ‘crores’) | 50.37 | 48.62 | 3.60 |
| Net Premium (Rs. ‘crores’) | 19.4 | 23 | -15.65 |
| Net Claim (Rs. ‘crores’) | 12.21 | 9.25 | 32.00 |
| Total Outstanding Claim (Rs. ‘crores’) | 94.48 | 114.66 | -17.60 |
| Net Profit (Rs. ‘crores’) | 7.42 | 5.69 | 30.40 |
| Management Expenses (Rs. ‘crores’) | 8.68 | 8.73 | -0.57 |
| Number Of Policies | 55,602 | 51,558 | 7.84 |
| Earnings Per Share (Rs.) | 13.55 | ||
| Networth Per Share (Rs.) | 161.65 | ||
| Market Price Per Share (Rs.) [Poush end, 2077] | 649 | ||
| P/E Ratio | 47.90 |
Note:
The above figures are based on the unaudited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.
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