Sagarmatha Lumbini Insurance Reports 16 Percent Rise in Net Profit [Q2 Report]

February 12, 2024 | Investopaper

Sagarmatha Lumbini Insurance Company Limited (SALICO) has reported stable performance in the first six months of current fiscal year 2080/81. The unaudited report shows that the company has posted a net profit of Rs 20.08 crores as compared to Rs. 17.93 crores of the corresponding period of the previous year.

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As of Poush’s end 2080 BS, Sagarmatha Lumbini Insurance has a paid-up capital of  Rs. 262.26 crores. Likewise, the reserve and surplus is at Rs 347.35 crores.

Sagarmatha Lumbini Insurance has collected Rs. 234.82 crores in total premium during the six months period. Likewise, the net premium increased to Rs. 79.59 crores.

However, the net claim has dropped by 8 percent to Rs. 59.08 crores.

SALICO has an annualized Earnings Per Share (EPS) of Rs. 15.32 while the per-share net worth is at Rs. 232.45.

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See the financial highlights of the second quarter in the table below:

Sagarmatha Lumbini Insurance (SALICO): Q2 Report Summary, FY 2080/81

Financial Indicators Q2, FY 2080/81 Q4, FY 2079/80 Percent Change
Paid-up Capital (Rs. ‘crores’) 262.26 262.26 0.00
Reserve & Surplus (Rs. ‘crores’) 347.35 330.95 4.96
Total Investments  (Rs. ‘crores’) 659.14 622.52 5.88


Financial Indicators Q2, FY 2080/81 Q2, FY 2079/80 Percent Change
Total Premium (Rs. ‘crores’) 234.82 149.79 56.77
Net Premium  (Rs. ‘crores’) 79.59 76.3 4.31
Net Claim (Rs. ‘crores’) 59.08 64.62 -8.57
Net Profit  (Rs. ‘crores’) 20.08 17.31 16.00
Number Of Policies 148092 114642 29.18
Earnings Per Share (Rs.) 15.32
Networth Per Share (Rs.) 232.45
Market Price Per Share (Rs.) [Poush  end, 2080 BS] 714
P/E Ratio 46.61

Source: Unaudited Q2 Report, FY 2080/81


The above figures are based on the unaudited second-quarter 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 Poush’s end, 2080 BS. At current, the numbers may vary. 

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