Siddhartha Premier Insurance Posts Net Profit of Rs.69.23 Crores [Q4 Report]
August 14, 2024 | Investopaper
Siddhartha Premier Insurance Limited (SPIL) has reported a sharp rise in net profit in the last fiscal year 2080/81. The insurance earned a net profit of Rs.69.23 crores, which stood at Rs. 37.93 crores in the corresponding period of the previous year.
Related:
Dividend History Of Siddhartha Premier Insurance Limited (SPIL)
In the 12 months period, Siddhartha Premier Insurance has collected a total premium of Rs. 417.71 crores. The net premium stood at Rs. 198.84 crores. During this period, the net claim has increased to Rs. 105.29 crores.
As of Ashad’s end 2081 BS, Siddhartha Premier Insurance has a paid-up capital of Rs 280.65 crores with Rs 489.36 crores in reserve and surplus.
SPIL has investment portfolio (short-term & long-term investments) of Rs. 929.84 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): Report Summary, FY 2080/81
| Financial Indicators | F.Y. 2080/81 | F.Y. 2079/80 | Percent Change |
| Paid-up Capital (Rs. ‘crores’) | 280.65 | 280.65 | 0 |
| Reserve & Surplus (Rs. ‘crores’) | 489.36 | 475.95 | 2.82 |
| Total Investments (Rs. ‘crores’) | 929.84 | 940.57 | -1.14 |
| Total Premium (Rs. ‘crores’) | 417.71 | 278.43 | 50.02 |
| Net Premium (Rs. ‘crores’) | 198.84 | 111.63 | 78.12 |
| Net Claim (Rs. ‘crores’) | 105.29 | 65.07 | 61.81 |
| Net Profit (Rs. ‘crores’) | 69.23 | 37.93 | 82.52 |
| Number Of Policies | 299,047 | 207,595 | 44.05 |
| Earnings Per Share (Rs.) | 24.67 | ||
| Networth Per Share (Rs.) | 273.5 | ||
| Market Price Per Share (Rs.) [Ashad end, 2081 BS] | 877 | ||
| P/E Ratio | 35.55 |
Source: Unaudited Q4 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 Ashad’s end, 2081 BS. At current, the numbers may vary.
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