Neco Insurance Posts Rs 35.09 Crores In Net Profit (Q3 Report)

May 10, 2021 | Investopaper

Neco Insurance Company Limited (NIL) has reported a 45 percent rise in the net profit until the third quarter of the fiscal year 2077/78. The insurance earned a net profit of Rs. 35.09 crores in the nine months of current fiscal year. In the last fiscal year, Neco Insurance had earned a profit of Rs. 24.10 crores until the third quarter.

At the end of Chaitra end 2077 BS, Neco insurance has collected a total premium of Rs. 197.24 crores, a rise of more than 21 percent from the last year. The net premium stood at Rs. 136.04 crores. During this period, the net claim increased to Rs. 44.04 crores.

Based on the unaudited report, the annualized Earnings Per Share (EPS) and net-worth per share are at Rs 35.52 and Rs 235.59 respectively.


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Neco Insurance Q2 Report, FY 2077/78


The unaudited third-quarter report of Neco Insurance is summarized in the table below:

Neco Insurance (NIL): Third Quarterly Report Summary, FY 2077/78

Financial Indicators Q3, F.Y. 2077/78 Q3, F.Y. 2076/77 Percent Change
Paid-up Capital (Rs. ‘crores’) 131.74 131.74 0.00
Reserve & Surplus (Rs. ‘crores’) 68.23 43.1 58.31
Insurance Fund  (Rs. ‘crores’) 100.71 72.79 38.36
Total Investments  (Rs. ‘crores’) 376.04 320.95 17.16
Total Premium (Rs. ‘crores’) 197.24 162.23 21.58
Net Premium  (Rs. ‘crores’) 136.04 92.88 46.47
Net Claim (Rs. ‘crores’) 44.04 38.21 15.26
Total Outstanding Claim (Rs. ‘crores’) 109.77 58.94 86.24
Net Profit  (Rs. ‘crores’) 35.09 24.1 45.60
Management Expenses (Rs. ‘crores’) 26.51 24.21 9.50
Number Of Policies 224,394 201,534 11.34
Earnings Per Share (Rs.) 35.52
Networth Per Share (Rs.) 235.59
Market Price Per Share (Rs.) [Chaitra end, 2077 BS] 1665
P/E Ratio 46.88

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. 

If you want to see the reports of other companies, Click Here.

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