Shikhar Insurance Logs Plain Growth

Nov 16, 2022 02:57 PM Merolagani

Shikhar Insurance (SICL) has earned net profit of Rs 134.8 million in the first quarter of the current FY.

The net profit increased by merely 0.93 percent compared to Rs 133.6 million of the corresponding period of the last FY.

During the period, its net insurance premium increased by 1.54 percent to Rs 451.8 million compared to Rs 445 million of the review period of the last FY.

Similarly, the company earned Rs 75.3 million from investment, loans and other income and Rs 164.3 million from reinsurance commission.

The company with Rs 2.28 billion in paid-up capital has reserve fund of Rs 757.1 million, disaster fund of Rs 130.8 million and insurance fund of Rs 1.47 billion.

The company logged EPS of Rs 23.06, net worth per share of Rs 210.59 and P/E ratio of 29.78 times.

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