Neco Insurance Posts Net Profit of Rs 68.57 Crores [Q4 Report]
August 14, 2024 | Investopaper
Neco Insurance (NIL) has reported an almost 3 percent decline in net profit. As per the un-audited fourth quarterly report of the fiscal year 2080/81. NIL has earned Rs 68.57 crores in net profit. In the previous fiscal year 2080/81, such profit stood at Rs 70.50 crores.
The company collected a total premium of Rs 314.11 crores. Likewise, the net premium income has increased to Rs. 166.12 crores.
Looking into per share ratios, NIL has an Earnings Per Share (EPS) of Rs 34.07. Similarly, the net-worth per share is Rs. 272.81.
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Dividend History Of Neco Insurance Company Limited (NIL)
Neco Insurance (NIL)- Major Financial Indicators For FY 2080/81
Paid-up Capital: Rs 201.23 Crores
Reserve & Surplus: Rs 331.05 Crores
Total Investments: Rs 668 Crores
Total Premium: Rs 314.11 Crores
Net Premium: Rs 166.12 Crores
Net Claim: Rs 74.78 Crores
Net Profit: Rs 68.57 Crores
Number Of Policies: 297,186
Earnings Per Share (EPS): Rs 34.07
Networth Per Share: Rs 272.81
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The fourth-quarterly report of Neco Insurance is also summarized in the table below:
Neco Insurance (NIL): Report Summary, FY 2080/81
| Financial Indicators | F.Y. 2080/81 | F.Y. 2079/80 | Percent Change |
| Paid-up Capital (Rs. ‘crores’) | 201.23 | 201.23 | 0 |
| Reserve & Surplus (Rs. ‘crores’) | 331.05 | 239.73 | 38.09 |
| Total Investments (Rs. ‘crores’) | 668 | 509.72 | 31.05 |
| Total Premium (Rs. ‘crores’) | 314.11 | 292.25 | 7.48 |
| Net Premium (Rs. ‘crores’) | 166.12 | 179.26 | -7.33 |
| Net Claim (Rs. ‘crores’) | 74.78 | 87.28 | -14.32 |
| Net Profit (Rs. ‘crores’) | 68.57 | 70.5 | -2.74 |
| Number Of Policies | 297,186 | 297,154 | 0.01 |
| Earnings Per Share (Rs.) | 34.07 | ||
| Networth Per Share (Rs.) | 272.81 | ||
| Market Price Per Share (Rs.) [Ashad end, 2081 BS] | 836 | ||
| P/E Ratio | 24.54 |
Source: Unaudited Q4 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.
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