Siddhartha Insurance Posts Net Profit of Rs. 36 Crores in 6 Months (Q2 Report)
February 12, 2024 | Investopaper
Siddhartha Premier Insurance Limited (SPIL) has reported a 117 percent increase in net profit. The insurance has posted a net profit of Rs 36.09 crores in the first six months of the current fiscal year 2080/81. In the previous fiscal year, such profit stood at Rs 16.60 crores until the second quarter.
As of Poush end 2080 BS, Siddhartha Premier Insurance has a paid-up capital of Rs 280.65 crores with Rs 461.27 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 SPIL is Rs 25.72 and Rs 264.36 respectively.
Also Read:
Dividend History Of Siddhartha Premier Insurance Limited (SPIL)
The table below presents the summarized version of the quarterly report.
Siddhartha Premier Insurance Limited (SPIL) : Q2 Report Summary, FY 2080/81
| Financial Indicators | Q2, FY 2080/81 | Q4, FY 2079/80 | Percent Change |
| Paid-up Capital (Rs. ‘crores’) | 280.65 | 280.65 | 0.00 |
| Reserve & Surplus (Rs. ‘crores’) | 461.27 | 462.1 | -0.18 |
| Total Investments (Rs. ‘crores’) | 941.33 | 938.6 | 0.29 |
| Financial Indicators | Q2, FY 2080/81 | Q2, FY 2079/80 | Percent Change |
| Total Premium (Rs. ‘crores’) | 197.26 | 107.32 | 83.81 |
| Net Premium (Rs. ‘crores’) | 79.25 | 30.01 | 164.08 |
| Net Claim (Rs. ‘crores’) | 46.06 | 14.22 | 223.91 |
| Net Profit (Rs. ‘crores’) | 36.09 | 16.60 | 117.41 |
| Number Of Policies | 153844 | 75065 | 104.95 |
| Earnings Per Share (Rs.) | 25.72 | ||
| Networth Per Share (Rs.) | 264.36 | ||
| Market Price Per Share (Rs.) [Poush end, 2080 BS] | 754 | ||
| P/E Ratio | 29.32 |
Source: Unaudited Q2 Report, FY 2080/81
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, 2080 BS. At current, the numbers may vary.
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