Shikhar Insurance Posts Rs 12.23 Crores In Net Profit In Q1

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

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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 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
P/E Ratio 37.04


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.

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


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