Rastriya Beema Company Profit Increases by Impressive 92.57% in Q2; Net Worth Per Share at Massive Rs 1439.77
Fri, Feb 10, 2023 4:04 PM on Latest, Financial Analysis, Stock Market,
Rastriya Beema Company Limited (RBCL)'s profit has increased by an impressive 92.57% in the second quarter of the fiscal year 2079/80 compared to the corresponding quarter of the previous year.
Publishing the financial report today, it has posted a net profit of Rs 37.41 crore in Q2 of the FY 2079/80, up from Rs 19.43 Crore in the corresponding quarter of the FY 2078/79.
While its income from net premium has increased by 64.60% from Rs 12.88 Crore to Rs 21.21 Crore at the end of Q2 this year, its income from reinsurance commission has decreased to Rs 9.4 Crore from Rs 9.9 Crore.
It currently has Rs 3.57 Arba in reserve with an insurance fund of Rs 2.85 Arba. Its paid-up capital stands at Rs.26.66 Crore.
Its earning per share stands at Rs 280.67, net worth per share at Rs 1439.77, and quarter-end P/E ratio at 14.25 times.
Major Highlights:
| Particulars (In Rs '000) | Rastriya Beema | ||
| Q2 2079/80 | Q2 2078/79 | Difference | |
| Paid Up Capital | 266,639.00 | 266,639.00 | 0.00% |
| Reserve and Surplus | 3,572,354.00 | 3,245,670.00 | 10.07% |
| Life Insurance Fund | 2,854,022.00 | 2,527,338.00 | 12.93% |
| Net Premium | 212,150.00 | 128,889.00 | 64.60% |
| Re-Insurance Income | 94,619.00 | 99,863.00 | -5.25% |
| Income from Investment, Loan and others | 119,932.00 | 65,799.00 | 82.27% |
| Claim Payment (Net) | 33,997.00 | 19,236.00 | 76.74% |
| Agent Commission | 4,100.00 | 4,332.00 | -5.36% |
| Net Profit | 374,190.00 | 194,315.00 | 92.57% |
| No of Policies | 24,851.00 | 14,859.00 | 67.25% |
| EPS (In Rs.) | 280.67 | 145.75 | 92.57% |
| Net Worth per Share (In Rs.) | 1439.77 | 1317.25 | 9.30% |
| PE Ratio | 14.25 | - | - |
