Siddhartha Insurance Reports 49 Percent Surge In Net Profit (Q2 Report)
February 11, 2021 | Investopaper
Siddhartha Insurance Company Limited (SIL) has reported a 49 percent increase in net profit. The insurance has posted a net profit of Rs 13.69 crores in the first six months of the current fiscal year 2076/77. In the previous fiscal year, such profit stood at Rs 9.16 crores until the second quarter.
As of Poush end 2077 BS, Siddhartha Insurance has a paid-up capital of Rs 100 crores with Rs 37.72 crores in reserve and surplus. Likewise, the insurance fund of the company has grown to Rs 90.08 crores.
The Annualized Earnings Per Share (EPS) and per share networth of SIL is Rs 27.39 and Rs 238.14 respectively.
Also Read:
Siddhartha Insurance’s Performance In FY 2076/77
Dividend History Of Siddhartha Insurance Company Limited (SIL)
The table below presents the summarized version of the quarterly report.
Siddhartha Insurance Limited (SIL) Second Quarterly Report Summary, FY 2077/78
| Financial Indicators | Q2, FY 2077/78 | Q2, FY 2076/77 | Percent Change |
| Paid-up Capital (Rs. ‘crores’) | 100 | 100 | 0.00 |
| Reserve & Surplus (Rs. ‘crores’) | 37.72 | 20.75 | 81.78 |
| Insurance Fund (Rs. ‘crores’) | 90.08 | 72.32 | 24.56 |
| Total Investments (Rs. ‘crores’) | 295.37 | 255.86 | 15.44 |
| Total Premium (Rs. ‘crores’) | 126.2 | 107.35 | 17.56 |
| Net Premium (Rs. ‘crores’) | 53.96 | 48.06 | 12.28 |
| Net Claim (Rs. ‘crores’) | 29.55 | 26.16 | 12.96 |
| Total Outstanding Claim (Rs. ‘crores’) | 131.99 | 81.3 | 62.35 |
| Net Profit (Rs. ‘crores’) | 13.69 | 9.16 | 49.45 |
| Management Expenses (Rs. ‘crores’) | 17.56 | 16.94 | 3.66 |
| Number Of Policies | 100,415 | 77,594 | 29.41 |
| Earnings Per Share (Rs.) | 27.39 | ||
| Networth Per Share (Rs.) | 238.14 | ||
| Market Price Per Share (Rs.) [Poush end, 2077] | 978 | ||
| P/E Ratio | 35.71 |
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.
The share price, as well as the P/E ratio, is based on the data of Poush end, 2077. At current, the numbers may vary.
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