Shikhar Insurance Increases Net Profit by 51.67%

Aug 15, 2022 11:46 AM Merolagani

Shikhar Insurance (SICL) has earned a net profit of Rs 401.4 million in the fourth quarter of the last FY. The net profit increased 28.93 percent compared to Rs 311.3 million of the corresponding period of the previous FY.

During the period, the company increased its net insurance premium by 18.50 percent and reinsurance commission income by 24.42 percent.

 The company with Rs 2.28 billion in paid-up capital has reserve fund of Rs 870.7 million, disaster  fund of Rs 110.8 million and insurance fund of Rs 1.41 billion.

The company logged EPS of Rs 17.56, net worth per share of Rs 254.40 and P/E ratio of 45.96 times.

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