Siddhartha Insurance Reports Rise In Profit By 22.68 percent
August 17, 2020 | Investopaper
The net profit of Siddhartha Insurance (SIL) rose by 22.68 percent in the fiscal year 2076/77. As per the unaudited fourth quarter report, Siddhartha Insurance earned a net profit of Rs 30.02 crores. In the previous fiscal year, such profit stood at Rs. 24.47 crores.
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In the fiscal year 2076/77, Siddhartha Insurance paid a net claim of Rs. 50.06 crores, almost 10 percent lower than the previous year. However, the net premium has also declined by 4 percent to Rs. 80.96 crores. The total premium collection increased by 7 percent to Rs. 200 crores.
Siddhartha Insurance has a paid-up capital of Rs. 100 crores at the end of Ashad, 2077. Likewise, the reserve has surged by 76 percent to Rs 30.14 crores. The company has an insurance fund of Rs. 82.76 crores.
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Similarly, until the end of Ashad 2077, the insurance has made a total investment of Rs. 274.04 crores.
Based on the report, Siddhartha Insurance has an Earning Per Share (EPS) of Rs 30.02. Likewise, the net-worth per share is Rs. 222.38.
Siddhartha Insurance (SIL)- Major Financial Indicators For FY 2076/77
Paid-up Capital: Rs 100 Crores
Reserve & Surplus: Rs 30.14 Crores
Insurance Fund: Rs 82.76 Crores
Total Investments: Rs 274.04 Crores
Total Premium: Rs 200 Crores
Net Premium: Rs 80.96 Crores
Net Claim: Rs 50.06 Crores
Total Outstanding Claim: Rs 69.09 Crores
Net Profit: Rs 30.02 Crores
Management Expenses: Rs 33.83 Crores
Number Of Policies: 132,239
Earnings Per Share (EPS): Rs 30.02
Networth Per Share: Rs 222.38
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The fourth-quarter report of Siddhartha Insurance is also summarized in the table below:
Siddhartha Insurance Fourth Quarter Report, FY 2076/77
| Headings | 4th Qtr, F.Y. 2076/77 | 4th Qtr, F.Y. 2075/76 | Percent Change |
| Paid-up Capital (Rs. ‘crores’) | 100 | 100 | 0.00 |
| Reserve & Surplus (Rs. ‘crores’) | 30.14 | 17.14 | 75.85 |
| Insurance Fund (Rs. ‘crores’) | 82.76 | 67.74 | 22.17 |
| Total Investments (Rs. ‘crores’) | 274.04 | 239.42 | 14.46 |
| Total Premium (Rs. ‘crores’) | 200.01 | 186.22 | 7.41 |
| Net Premium (Rs. ‘crores’) | 80.96 | 84.26 | -3.92 |
| Net Claim (Rs. ‘crores’) | 50.06 | 55.46 | -9.74 |
| Total Outstanding Claim (Rs. ‘crores’) | 69.09 | 68.53 | 0.82 |
| Net Profit (Rs. ‘crores’) | 30.02 | 24.47 | 22.68 |
| Management Expenses (Rs. ‘crores’) | 33.83 | 28.58 | 18.37 |
| Number Of Policies | 132,239 | 130,546 | 1.30 |
| Earnings Per Share (Rs.) | 30.02 | ||
| Networth Per Share (Rs.) | 222.38 | ||
| Market Price Per Share (Rs.) [Ashad end, 2077] | 680 | ||
| P/E Ratio | 22.65 |
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.
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