Siddhartha Insurance Posts Rs. 5.12 Crores In Net Profit [Q1 Report]

November 17, 2022 | Investopaper

Siddhartha Insurance Company Limited (SIL) has reported a fall in profit by 5 percent in the first quarter of the current fiscal year 2079/80. The insurance earned a net profit of Rs. 5.12 crores until the first quarter, which stood at Rs. 5.43 crores in the corresponding period of the previous year.


Dividend History Of Siddhartha Insurance Company Limited (SIL)

In the 3 months period, Siddhartha Insurance has collected a total premium of Rs. 78.43 crores, a rise of 12 percent from the same period last year. The net premium stood at Rs. 39.82 crores. During this period, the net claim has increased to Rs. 18.22 crores.

As of Ashwin’s end 2079 BS, Siddhartha Insurance has a paid-up capital of Rs 128.8 crores with Rs 24.27 crores in reserve and surplus. Likewise, the insurance fund stands at Rs. 120.99 crores.

SIL has investment portfolio (short-term & long-term investments) of Rs. 371.63 crores. In the three months period, the company has sold 53,634 policies which is 5 percent higher than the same period of the previous year.

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The unaudited first-quarter report of Siddhartha Insurance is summarized in the table below:

Siddhartha Insurance (SIL): Q1 Report Summary, FY 2079/80

Financial Indicators Q1, F.Y. 2079/80 Q1, F.Y. 2078/79 Percent Change
Paid-up Capital (Rs. ‘crores’) 128.8 112 15.00
Reserve & Surplus (Rs. ‘crores’) 24.27 36.75 -33.96
Insurance Fund  (Rs. ‘crores’) 120.99 102.33 18.24
Total Investments  & Loans (Rs. ‘crores’) 371.63 321.74 15.51
Total Premium (Rs. ‘crores’) 78.43 69.97 12.09
Net Premium  (Rs. ‘crores’) 39.82 30.59 30.17
Net Claim (Rs. ‘crores’) 18.22 13.9 31.08
Total Outstanding Claim (Rs. ‘crores’) 135.34 162.28 -16.60
Net Profit  (Rs. ‘crores’) 5.12 5.43 -5.71
Management Expenses (Rs. ‘crores’) 10.19 8.74 16.59
Number Of Policies 53,634 51,002 5.16
Earnings Per Share (Rs.) 15.92
Networth Per Share (Rs.) 220.36
Market Price Per Share (Rs.) [Ashwin end, 2079 BS] 543.7
P/E Ratio 34.15

Source: Unaudited Q1 Report, FY 2079/80


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, 2079 BS. At current, the numbers may vary. 

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


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