The net profit of Siddhartha Insurance fell by 27 percent in the fourth quarter of the fiscal year 2075/76. The profit stood at Rs. 21.43 crores. In the previous year, Siddhartha Insurance made a profit of Rs. 29.53 crores. The decline in profit is mainly due to the increase in the net claim as well as provision for the outstanding claim.
Siddhartha Insurance paid a net claim of Rs. 55.40 crores, a rise of almost 22 percent. However, the net premium has declined by a 7 percent to Rs. 82.19 crores. The total premium collection increased slightly to Rs. 186.18 crores.
The current paid-up capital stands at Rs. 100 crores. The capital rose by 56 percent from the last fiscal year.
Likewise, the reserve has fallen to Rs. 15.56 crores, a decline of almost 11 percent.
The company has an insurance fund of Rs. 66.46 crores. Similarly, until the fourth quarter of 2075/76, Siddhartha Insurance has made a total investment of Rs. 233.51 crores.
EPS stands at Rs. 21.43. Likewise, the net-worth per share is Rs. 189.89.
The fourth-quarter report of Siddhartha Insurance is summarized in the table below:
Siddhartha Insurance Fourth Quarter Report, 2075/76
|HEADINGS||4TH QTR, 2075/76||4TH QTR, 2074/75||PERCENT CHANGE|
|Paid-up Capital (Rs. ‘crores’)||100||64.14||55.91|
|Reserve & Surplus (Rs. ‘crores’)||15.56||17.43||-10.73|
|Insurance Fund (Rs. ‘crores’)||66.46||55.75||19.21|
|Total Investments (Rs. ‘crores’)||233.51||189.43||23.27|
|Total Premium (Rs. ‘crores’)||186.18||178.93||4.05|
|Net Premium (Rs. ‘crores’)||82.19||88.64||-7.28|
|Net Claim (Rs. ‘crores’)||55.4||45.52||21.70|
|Total Outstanding Claim (Rs. ‘crores’)||87.64||60.8||44.14|
|Net Profit (Rs. ‘crores’)||21.43||29.53||-27.43|
|Earnings Per Share (Rs.)||21.43|
|Networth Per Share (Rs.)||189.89|
|Market Price (Rs.) [Ashad 31, 2076]||455|
|P/E Ratio [ based on the price of Ashad 31]||21.23|