Shikhar Insurance Logs Plain Growth

Nov 17, 2023 09:51 AM Merolagani

Shikhar Insurance (SICL) has earned net profit of Rs 112.4 million in the first quarter of the current FY.

The net profit increased by 1.33 percent compared to Rs 110.9 million in the corresponding period of the last FY.

During the period, its net insurance premium increased by 20.64 percent to Rs 277.8 million.

Similarly, the company recorded a decline in commission income by 4.98 percent and investment and income from loans by 3.76 percent. during the period, its total income increased by 9.05 percent and total expenses by 13.89 percent.

The company with Rs 2.65 billion in paid-up capital has catastrophe reserve of Rs 148.8 million, retained earnings of Rs 330 million and other equity of Rs 587.8 million.

The company logged EPS of Rs 16.94, net worth per share of Rs 199.24 and P/E ratio of 42.21 times.


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