Nepal Breaking NewsBusinessShikhar Insurance has made a net profit of Rs 36.33 crores.

Shikhar Insurance has made a net profit of Rs 36.33 crores.

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Shikhar Insurance Company Limited (SICL), one of Nepal’s leading non-life insurance companies, has posted a 10% rise in net profit over the previous fiscal year’s corresponding period. Until the third quarter of this fiscal year, the insurance firm had a net profit of Rs 36.33 crores, up from Rs 32.95 crores in the same period last year.

SICL has a paid-up of Rs 175.85 crores, with Rs 61.76 crores in assets and surplus as of Chaitra end 2077 BS. Similarly, the insurance fund had a value of Rs 123.89 crores. The business has a Rs 338.60 crore investment portfolio (short and long term investments).

Shikhar Insurance received Rs 296.57 crores in gross premium and Rs 108.24 crores in net premium in the months of fiscal year 2077/78. The company paid a net of Rs 64.02 crores during this period.

SICL has an annualized EPS of Rs 27.93 and a per-share networth of Rs 216.39, according to the per-share ratios.

Shikhar Insurance’s unaudited third-quarter study is outlined in the below:

Shikhar Insurance Company (SICL): Third Quarter Financial Highlights, FY 2077/78

Financial Indicators Q3, F.Y. 2077/78 Q3, F.Y. 2076/77 Change
Paid-up Capital (Rs. ‘crores’) 175.85 105.73 66.32
& Surplus (Rs. ‘crores’) 61.76 76.56 -19.33
Insurance Fund  (Rs. ‘crores’) 123.89 105.73 17.18
Total Investments  (Rs. ‘crores’) 338.6 315.2 7.42
Total Premium (Rs. ‘crores’) 296.57 260.09 14.03
Net Premium  (Rs. ‘crores’) 108.24 96.68 11.96
Net Claim (Rs. ‘crores’) 64.02 65.26 -1.90
Total Outstanding Claim (Rs. ‘crores’) 142.70 72.18 97.70
Net Profit  (Rs. ‘crores’) 36.33 32.95 10.26
Management Expenses (Rs. ‘crores’) 34.42 31.72 8.51
Number Of Policies          211,996 235,563 -10.00
Earnings Per Share (Rs.) 27.93
Networth Per Share (Rs.) 216.39
Market Per Share (Rs.) [Chaitra end, 2077 BS] 1920
P/E Ratio 68.74

Please keep in mind that

The above figures are taken from the respective company’s unaudited quarterly . When investment decisions, investors should consider a variety of factors in addition to this article. After the final audit, the figures can change.

The share price and P/E ratio are calculated using data from the end of Chaitra in 2077. The figures can change at any time.

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