Siddhartha Premier Insurance Raises EPS along with Profit

Aug 14, 2024 10:34 AM Merolagani



Siddhartha Premier Insurance (SPIL) has published its fourth quarter report of the last FY.

As per the report, it raised its net profit compared to the corresponding period of the last FY.

In the review period, it earned Rs 692.3 million in net profit. The net profit grew by 82.52 percent compared to Rs 379.3 million of the corresponding period of the previous FY.

During the period, its net insurance premium increased by 78.12 and total income by 51.34 percent. in the review period, its net claim payment increased by 61.82 percent and total expenses by 51.86 percent.

The company maintained EPS of Rs 24.67, P/E ratio of 35.55 times and net worth per share of Rs 273.50.

The company with Rs 2.80 billion in paid-up capital has special reserve of Rs 2.50 billion, catastrophic fund of Rs 189.1 million, retained earnings of Rs 1.11 billion and other equity of Rs 1.06 billion.




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