November 18, 2020 | Investopaper
Shikhar Insurance Company Limited (SICL) has reported a net profit of Rs 12.23 crores until the first quarter of the fiscal year 2077/78. The profit has slightly increased as compared to the profit of the corresponding period of the previous year. Last year, the insurance earned Rs 12.14 crores in profit until the first quarter.
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The major financial indicators for the first quarter include:
Shikhar Insurance (SICL)- Major Financial Indicators For FY 2076/77
Paid-up Capital: Rs 137.45 Crores
Reserve & Surplus: Rs 89.75 Crores
Insurance Fund: Rs 111.85 Crores
Total Investments: Rs 337.53 Crores
Total Premium: Rs 90.44 Crores
Net Premium: Rs 43.4 Crores
Net Claim: Rs 14.22 Crores
Total Outstanding Claim: Rs 84.96 Crores
Net Profit: Rs 12.23 Crores
Management Expenses: Rs 8.84 Crores
Number Of Policies: 76,935
Earnings Per Share (EPS): Rs 35.5
Networth Per Share: Rs 260.5
The table below presents the performance of Shikhar Insurance as compared to the same period of the previous year.
Shikhar Insurance First Quarterly Report Summary, FY 2077/78
|Financial Indicators||1st Qtr, 2077/78||1st Qtr, 2076/77||Percent Change|
|Paid-up Capital (Rs. ‘crores’)||137.45||105.73||30.00|
|Reserve & Surplus (Rs. ‘crores’)||89.75||57.85||55.14|
|Insurance Fund (Rs. ‘crores’)||111.85||105.73||5.79|
|Total Investments (Rs. ‘crores’)||337.53||306.67||10.06|
|Total Premium (Rs. ‘crores’)||90.44||92.06||-1.76|
|Net Premium (Rs. ‘crores’)||43.4||45.83||-5.30|
|Net Claim (Rs. ‘crores’)||14.22||20.08||-29.18|
|Total Outstanding Claim (Rs. ‘crores’)||84.96||89.82||-5.41|
|Net Profit (Rs. ‘crores’)||12.23||12.14||0.74|
|Management Expenses (Rs. ‘crores’)||8.84||8.76||0.91|
|Number Of Policies||76,935||94,705||-18.76|
|Earnings Per Share (Rs.)||35.5|
|Networth Per Share (Rs.)||260.5|
|Market Price Per Share (Rs.) [Ashwin end, 2077]||1315|
The above figures are based on the un-audited 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 Ashwin end, 2077. At current, the numbers may vary.
The total investment includes long term investment and short term investment.
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