Himalayan General Insurance’s Profit Drops By 19 Percent (Q3 Report)
May 5, 2021 | Investopaper
Himalayan General Insurance (HGI) has reported a 19 percent decline in net profit. As per the unaudited third quarterly report, the insurance has posted a net profit of Rs 9.10 crores in net profit in the first nine months of the current fiscal year 2077/78. Last year, such profit stood at Rs 11.25 crores.
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The quarterly report is summarized in the table below:
Himalayan General Insurance (HGI): Third Quarter Report Summary, FY 2077/78
| Financial Indicators | Q3, F.Y. 2077/78 | Q3, F.Y. 2076/77 | Percent Change |
| Paid-up Capital (Rs. ‘crores’) | 106.82 | 102.72 | 3.99 |
| Reserve & Surplus (Rs. ‘crores’) | 28.66 | 30.04 | -4.59 |
| Insurance Fund (Rs. ‘crores’) | 60.74 | 53.3 | 13.96 |
| Total Investments (Rs. ‘crores’) | 196.64 | 204.75 | -3.96 |
| Total Premium (Rs. ‘crores’) | 91.85 | 86.3 | 6.43 |
| Net Premium (Rs. ‘crores’) | 21.63 | 18.51 | 16.86 |
| Net Claim (Rs. ‘crores’) | 7.79 | 7.44 | 4.70 |
| Total Outstanding Claim (Rs. ‘crores’) | 154.88 | 22.81 | 579.00 |
| Net Profit (Rs. ‘crores’) | 9.1 | 11.25 | -19.11 |
| Management Expenses (Rs. ‘crores’) | 11.82 | 11.34 | 4.23 |
| Number Of Policies | 64,979 | 42,198 | 53.99 |
| Earnings Per Share (Rs.) | 11.36 | ||
| Networth Per Share (Rs.) | 188.48 | ||
| Market Price Per Share (Rs.) [Chaitra end, 2077 BS] | 775 | ||
| P/E Ratio | 68.22 |
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, 2077. At current, the numbers may vary.
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