Himalayan Everest Insurance Reports Annualized EPS Of Rs. 13.74 [Q3 Report]
May 11, 2023 | Investopaper
Himalayan Everest Insurance Limited (HEI) has reported a 115 percent rise in net profit after the meger. As per the unaudited third quarterly report, the insurance has posted a net profit of Rs 23.07 crores in net profit in the first nine months of the current fiscal year 2079/80. Last year, such profit stood at Rs 10.69 crores during the same period.
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As of Chaitra’s end 2079 BS, HEI has a paid-up capital of Rs. 223.99 crores with Rs. 87.51 crores in reserve and surplus. The company has collected Rs. 229.47 crores in total premium in the nine months period.
The quarterly report is summarized in the table below:
Himalayan General Insurance (HGI): Third Quarter Report Summary, FY 2079/80
| Financial Indicators | Q3, F.Y. 2079/80 | Q3, F.Y. 2078/79 # | Percent Change |
| Paid-up Capital (Rs. ‘crores’) | 223.99 | 117.35 | 90.87 |
| Reserve & Surplus (Rs. ‘crores’) | 87.51 | 22.95 | 281.31 |
| Insurance Fund (Rs. ‘crores’) | 120.98 | 67.04 | 80.46 |
| Total Investments (Rs. ‘crores’) | 426.99 | 177.31 | 140.82 |
| Total Premium (Rs. ‘crores’) | 229.47 | 126.52 | 81.37 |
| Net Premium (Rs. ‘crores’) | 89.05 | 27.07 | 228.96 |
| Net Claim (Rs. ‘crores’) | 36.81 | 11.64 | 216.24 |
| Total Outstanding Claim (Rs. ‘crores’) | 170.96 | 70 | 144.23 |
| Net Profit (Rs. ‘crores’) | 23.07 | 10.69 | 115.81 |
| Management Expenses (Rs. ‘crores’) | 31.96 | 13.37 | 139.04 |
| Number Of Policies | 162,174 | 49,432 | 228.07 |
| Earnings Per Share (Rs.) | 13.74 | ||
| Networth Per Share (Rs.) | 195.36 | ||
| Market Price Per Share (Rs.) [Chaitra end, 2079] | 400.6 | ||
| P/E Ratio | 29.16 |
Source: Unaudited Q3 Report, FY 2079/80
#Q3 data of the fiscal year 2078/79 is of Himalayan General Insurance Limited before the merger.
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, 2079 BS. At current, the numbers may vary.
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