Himalayan Everest Insurance Reports Annualized EPS of Rs. 32.35 [Q3 Report]
May 12, 2024 | Investopaper
Himalayan Everest Insurance Limited (HEI) has reported a 163 percent rise in net profit. As per the unaudited third quarterly report, the insurance has posted a net profit of Rs 60.65 crores in net profit in the first nine months of the current fiscal year 2080/81. Last year, such profit stood at Rs 23.07 crores during the same period.
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As of Chaitra’s end 2080 BS, HEI has a paid-up capital of Rs. 250.01 crores with Rs. 221.30 crores in reserve and surplus. The company has collected Rs. 216.77 crores as gross earned premium in the nine months period.
The quarterly report is summarized in the table below:
Himalayan Everest Insurance (HEI): Third Quarter Report Summary, FY 2080/81
| Financial Indicators | Q3, FY 2080/81 | Q4, FY 2079/80 | Percent Change |
| Paid-up Capital (Rs. ‘crores’) | 250.01 | 230.15 | 8.63 |
| Reserve & Surplus (Rs. ‘crores’) | 221.3 | 198.88 | 11.27 |
| Total Investments (Rs. ‘crores’) | 439.42 | 465.47 | -5.60 |
| Financial Indicators | Q3, FY 2080/81 | Q3, FY 2079/80 | Percent Change |
| Gross Earned Premium (Rs. ‘crores’) | 216.77 | 173.69 | 8.63 |
| Net Earned Premium (Rs. ‘crores’) | 83.64 | 66.43 | 11.27 |
| Net Claim (Rs. ‘crores’) | 45.33 | 36.81 | 23.15 |
| Net Profit (Rs. ‘crores’) | 60.65 | 23.07 | 162.90 |
| Number Of Policies | 155613 | 162174 | -4.05 |
| Earnings Per Share (Rs.) | 32.35 | ||
| Networth Per Share (Rs.) | 185.49 | ||
| Market Price Per Share (Rs.) [Poush end, 2080 BS] | 591 | ||
| P/E Ratio | 18.27 |
Source: Unaudited Q3 Report, FY 2080/81
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.
The share price, as well as the P/E ratio, is based on the data of Chaitra end, 2080 BS. At current, the numbers may vary.
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