Shikhar Insurance Posts Rs 24.07 Crores In Profit [Q2 Report]

February 12, 2023 | Investopaper

Shikhar Insurance Company Limited (SICL) has reported a net profit of Rs. 24.07 crores in the first six months of the current fiscal year 2079/80. The insurance’s profit stood at Rs. 24.30 crores in the corresponding period of the previous year.

As of Poush’s end 2079 BS, Shikhar Insurance has a paid-up capital of Rs. 228.60 crores. Likewise, the total reserve and surplus has reached Rs. 81 crores. Similarly, the insurance fund has grown to Rs. 153.19 crores.

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Shikhar Insurance Q1 Report, FY 2079/80

Shikhar Insurance’s Performance In FY 2078/79

Shikhar Insurance has collected Rs. 265.23 crores in total premium in the first six months. The net premium grew by 1 percent to Rs. 77.05 crores.

The insurance has paid the net claim of Rs. 42.49 crores in the six months period, a rise of 6 percent from the same period last year. Likewise, the total outstanding claim is at Rs. 224.72 crores.

The company has an Annualized Earnings Per Share (EPS) of Rs. 21.06 while the per-share net worth is at Rs. 215.21.

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See the financial highlights of Shikhar Insurance based on the second quarter in the table below:

Shikhar Insurance (SICL):  Q2 Report Summary, FY 2079/80

Financial Indicators Q2, F.Y. 2079/80 Q2, F.Y. 2078/79 Percent Change
Paid-up Capital (Rs. ‘crores’) 228.6 175.85 30.00
Reserve & Surplus (Rs. ‘crores’) 81 69.35 16.80
Insurance Fund  (Rs. ‘crores’) 153.19 141.66 8.14
Total Investments  (Rs. ‘crores’) 459.41 353.21 30.07
Total Premium (Rs. ‘crores’) 265.23 235.8 12.48
Net Premium  (Rs. ‘crores’) 77.05 76.22 1.09
Net Claim (Rs. ‘crores’) 42.49 39.86 6.60
Total Outstanding Claim (Rs. ‘crores’) 224.72 260.88 -13.86
Net Profit  (Rs. ‘crores’) 24.07 24.3 -0.95
Management Expenses (Rs. ‘crores’) 28.54 22.82 25.07
Number Of Policies 124,875 121,669 2.64
Earnings Per Share (Rs.) 21.06
Networth Per Share (Rs.) 215.21
Market Price Per Share (Rs.) [Poush end, 2079] 915.9
P/E Ratio 43.49

Source: Unaudited Q2 Report, FY 2079/80


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.

Note: The share price, as well as the P/E ratio, is based on the data of Poush end, 2079 BS. At current, the numbers may vary. 

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