Rastriya Beema Company’s Profit Increased by 92.57% in Q2


The earnings of Rastriya Beema Company Limited (RBCL) climbed by an astonishing 92.57% in the second quarter of fiscal year 2079/80 compared to the same period the previous year.

According to the financial report released today, it made a net profit of Rs 37.41 crore in the second quarter of fiscal year 2079/80, up from Rs 19.43 crore in the same period of fiscal year 2078/79.

While its net premium income climbed by 64.60% from Rs 12.88 Crore to Rs 21.21 Crore at the end of the second quarter of this year, its reinsurance commission revenue declined to Rs 9.4 Crore from Rs 9.9 Crore.

It presently has Rs 3.57 Arba in reserve and Rs 2.85 Arba in insurance funds. It has a paid-up capital of Rs.26.66 Crore.

Its earnings per share are Rs 280.67, its net worth per share is Rs 1439.77, and its P/E ratio at the end of the quarter is 14.25 times.

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