Siddhartha Premier Insurance Posts Net Profit of Rs. 59.71 Crores [Q3 Report]

May 3, 2024 | Investopaper

Siddhartha Premier Insurance Limited (SPIL) has reported a 109.66 percent rise in net profit in the first nine month of the current fiscal year 2080/81. The insurance earned a net profit of Rs. 59.71 crores, which stood at Rs. 28.48 crores in the corresponding period of the previous year.


Dividend History Of Siddhartha Premier Insurance Limited (SPIL)

In the 9 months period, Siddhartha Premier Insurance (SPIL) has collected a gross premium of Rs. 260.58 crores, a rise of 71 percent from the same period last year. The net premium stood at Rs. 132.86 crores. During this period, the net claim has increased to Rs. 66.25 crores.

As of Chaitra’s end 2080 BS, Siddhartha Premier Insurance has a paid-up capital of Rs 280.65 crores with Rs 433.38 crores in reserve and surplus.

SPIL has investment portfolio (short-term & long-term investments) of Rs. 856.77  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): Q3 Report Summary, FY 2080/81

Financial Indicators Q3, F.Y. 2080/81 Q3, F.Y. 2079/80 Percent Change
Paid-up Capital (Rs. ‘crores’) 280.65 280.65 0.00
Reserve & Surplus (Rs. ‘crores’) 433.38 476 -8.95
Total Investments  (Rs. ‘crores’) 856.77 940.57 -8.91
Gross Premium (Rs. ‘crores’) 260.58 152.05 71.38
Net Premium  (Rs. ‘crores’) 132.86 55.69 138.57
Net Claim (Rs. ‘crores’) 66.25 34.31 93.09
Net Profit  (Rs. ‘crores’) 59.71 28.48 109.66
Number Of Policies 232,576 138,536 67.88
Earnings Per Share (Rs.) 28.37
Networth Per Share (Rs.) 254.59
Market Price Per Share (Rs.) [Ashad end, 2080 BS] 750
P/E Ratio 26.44

Source: Unaudited Q3 Report, FY 2080/81


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 Chaitra’s end, 2080 BS. At current, the numbers may vary. 

Note: If you want to see the reports of other companies, Click Here.


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