Bottom Line Of Siddhartha Insurance Slightly Increased In Q3
Sun, May 8, 2022 7:06 AM on Company Analysis, Latest,
Siddhartha Insurance Limited (SIL) has stated a rise in its net profit by 1.99% in the third quarter of the ongoing fiscal year 2078/79.
Publishing the unaudited financial report today, it stated net profit of Rs 17.34 crore in Q3 of the FY 2078/79, up from Rs 17.00 crore in the corresponding quarter of the FY 2077/78.
Further, its income from net premium has increased from Rs 74.17 crore to Rs 83.66 crore at the end of Q3 this year, and its income from reinsurance commission has increased to Rs 30.82 crore.
Its current paid-up capital stands at Rs 1.28 arba with a reserve fund of Rs 25.39 crores and an insurance fund of Rs 1.09 Arba.
The total number of policies issued stands at 147,174 policies by the end of the third quarter. The annualized EPS stands at Rs. 17.96 and net worth per share at Rs. 126.34. The P/B ratio was reported at 6.40 times.
Major Financial Highlights:
|
Particulars |
Siddhartha Insurance Limited |
||
|---|---|---|---|
|
Q3, 2078/2079 |
Q3, 2077/2078 |
Difference |
|
|
Paid-Up Capital |
1,288,000.00 |
1,000,000.00 |
28.80% |
|
Reserve & Surplus |
253,934.00 |
393,266.00 |
-35.43% |
|
Insurance Fund |
1,094,508.00 |
922,993.00 |
18.58% |
|
Contingent Fund |
85,320.00 |
67,819.00 |
25.81% |
|
Gross Premium |
2,005,030.00 |
1,838,273.00 |
9.07% |
|
Net Premium |
836,628.00 |
741,749.00 |
12.79% |
|
Re-Insurance Income |
308,288.00 |
261,669.00 |
17.82% |
|
Income from Investment, Loan and others |
71,843.00 |
82,945.00 |
-13.38% |
|
Claim Payment (Net) |
512,516.00 |
439,972.00 |
16.49% |
|
Agent Commission |
23,925.00 |
25,054.00 |
-4.51% |
|
Net Profit |
173,453.00 |
170,074.00 |
1.99% |
|
No. Of Policies |
147,174.00 |
150,356.00 |
-2.12% |
|
Annualized EPS (Rs.) |
17.96 |
22.68 |
- |
|
Net Worth Per Share |
126.34 |
146.11 |
- |
|
Price/Book Ratio (times) |
6.40 |
- |
- |
