Shikhar Insurance’s Net Profit Declines

Feb 12, 2023 12:36 PM Merolagani



Shikhar Insurance (SICL) has earned net profit of Rs 240.7 million in the second quarter of the current FY.

The net profit decreased by 0.95 percent compared to Rs 242 million of the corresponding period of the last FY.

During the period, its net insurance premium increased by 1.09 percent to Rs 770.5 million compared to Rs 762.2 million of the review period of the last FY.

Similarly, the company earned Rs 131.7 million from investment, loans and other income and Rs 346.1 million from reinsurance commission.

The company with Rs 2.28 billion in paid-up capital has reserve fund of Rs 817.5 million, catastrophic fund of Rs 130.8 million and insurance fund of Rs 1.53 billion.

The company logged EPS of Rs 21.06, net worth per share of Rs 215.21 and P/E ratio of 43.49 times.




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