Shikhar Insurance Posts Rs 13.36 Crores In Net Profit [Q1 Report]

November 16, 2021 | Investopaper

Shikhar Insurance Company Limited (SICL) has reported a net profit of Rs 13.36 crores until the first quarter of the fiscal year 2078/79. The profit has increased by 9 percent as compared to the profit of the corresponding period of the previous year. Last year, the insurance earned Rs 12.23 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, Q1-FY 2078/79

Paid-up Capital: Rs 175.85 Crores

Reserve & Surplus: Rs 63.88 Crores

Insurance Fund: Rs 136.2 Crores

Total Investments & Loans: Rs 341.25  Crores

Total Premium: Rs 100.32 Crores

Net Premium: Rs 44.5 Crores

Net Claim: Rs 15.72 Crores

Total Outstanding Claim: Rs 214.97 Crores

Net Profit: Rs 13.36 Crores

Management Expenses: Rs 9.31 Crores

Number Of Policies: 76,097

Earnings Per Share (EPS): Rs 30.4

Networth Per Share: Rs 226.76


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The table below presents the performance of Shikhar Insurance as compared to the same period of the previous year.

Shikhar Insurance (SICL): First Quarterly Report Summary, FY 2078/79

Financial Indicators Q1, F.Y. 2078/79 Q1, F.Y. 2077/78 Percent Change
Paid-up Capital (Rs. ‘crores’) 175.85 137.45 27.94
Reserve & Surplus (Rs. ‘crores’) 63.88 89.74 -28.82
Insurance Fund  (Rs. ‘crores’) 136.2 118.84 14.61
Total Investments  & Loans (Rs. ‘crores’) 341.25 337.52 1.11
Total Premium (Rs. ‘crores’) 100.32 90.43 10.94
Net Premium  (Rs. ‘crores’) 44.5 43.4 2.53
Net Claim (Rs. ‘crores’) 15.72 14.22 10.55
Total Outstanding Claim (Rs. ‘crores’) 214.97 84.95 153.05
Net Profit  (Rs. ‘crores’) 13.36 12.23 9.24
Management Expenses (Rs. ‘crores’) 9.31 8.84 5.32
Number Of Policies 76,097 76,935 -1.09
Earnings Per Share (Rs.) 30.4
Networth Per Share (Rs.) 226.76
Market Price Per Share (Rs.) [Ashwin end, 2078 BS] 1730
P/E Ratio 56.91

Source: Unaudited Q1 Report, FY 2078/79


Note:

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’s end, 2078 BS. At current, the numbers may vary. 

The total investment includes long-term investment and short-term investment.

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

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