Siddhartha Premier Insurance Posts Net Profit Of Rs. 36.35 Crores [Q4 Report]
August 15, 2023 | Investopaper
Siddhartha Premier Insurance Limited (SPIL) has reported a slight rise in net profit in the last fiscal year 2079/80. The insurance earned a net profit of Rs. 36.35 crores, which stood at Rs. 36.04 crores in the corresponding period of the previous year.
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In the 12 months period, Siddhartha Insurance (not SPIL) has collected a total premium of Rs. 278.43 crores, a rise of 32 percent from the same period last year. The net premium stood at Rs. 114.06 crores. During this period, the net claim has increased to Rs. 79.8 crores.
As of Ashad’s end 2080 BS, Siddhartha Premier Insurance has a paid-up capital of Rs 280.65 crores with Rs 89.56 crores in reserve and surplus. Likewise, the insurance fund stands at Rs. 250 crores.
SPIL has investment portfolio (short-term & long-term investments) of Rs. 771.04 crores.
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The unaudited fourth quarter report of Siddhartha Premier Insurance is summarized in the table below:
Siddhartha Premier Insurance Limited (SPIL): Q4 Report Summary, FY 2079/80
| Financial Indicators | F.Y. 2079/80 | F.Y. 2078/79 | Percent Change |
| Paid-up Capital (Rs. ‘crores’) | 280.65 | 122.76 | 128.62 |
| Reserve & Surplus (Rs. ‘crores’) | 89.56 | 39.75 | 125.31 |
| Insurance Fund (Rs. ‘crores’) | 250 | 102.06 | 144.95 |
| Total Investments (Rs. ‘crores’) | 771.04 | 448.71 | 71.83 |
| Total Premium (Rs. ‘crores’)* | 278.43 | 210.94 | 31.99 |
| Net Premium (Rs. ‘crores’)* | 114.06 | 71.43 | 59.68 |
| Net Claim (Rs. ‘crores’)* | 79.8 | 44.07 | 81.08 |
| Total Outstanding Claim (Rs. ‘crores’) | 266.3 | 294.46 | -9.56 |
| Net Profit (Rs. ‘crores’)* | 36.35 | 36.04 | 0.86 |
| Management Expenses (Rs. ‘crores’) | 47.02 | 27.88 | 68.65 |
| Number Of Policies | 207,595 | 156,735 | 32.45 |
| Earnings Per Share (Rs.)* | 18.84 | ||
| Networth Per Share (Rs.) | 225.91 | ||
| Market Price Per Share (Rs.) [Ashad end, 2080 BS] | 778.5 | ||
| P/E Ratio | 41.32 |
Source: Unaudited Q4 Report, FY 2079/80
*Data are of Siddhartha Insurance only (not Siddhartha Premier Insurance after the merger).
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 Ashad’s end, 2080 BS. At current, the numbers may vary.
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