Tag: Impressive

  • Himalayan Re-Insurance’s Net Profit Surges 99.73% on 154.65% Rise in Net Premiums; EPS Reaches Rs. 12.05

    Himalayan Re-Insurance’s Net Profit Surges 99.73% on 154.65% Rise in Net Premiums; EPS Reaches Rs. 12.05


    In the second quarter of the fiscal year 2080/81, HRL experienced a remarkable 154.65% rise in net premiums, reaching Rs. 1.99 Arba compared to the previous year. The company also demonstrated strong financial management by generating Rs. 47.32 Crores from investment income and other financial activities.

    However, during the same period, there was a 50.90% increase in net claims, totaling Rs. 73.15 Crores.

    Key financial indicators reflect HRL’s strong performance, with an annualized EPS of Rs. 12.05, net worth per share at Rs. 147.31, and a P/E ratio of 41.30 times, indicating the company’s resilience and promising financial outlook.

     

  • NICL’s Investment Income Boosts Net Profit Growth by 232.33%; EPS Reaches Rs. 60.55

    NICL’s Investment Income Boosts Net Profit Growth by 232.33%; EPS Reaches Rs. 60.55


    Nepal Insurance Company Limited (NICL) has released its report for the second quarter of fiscal year 2080/81, showing a significant rise in net profit by 232.33%. The company earned a net profit of Rs. 49.77 crores compared to Rs. 14.97 crores in the same quarter of the previous fiscal year.

    Moreover, NICL has also increased its insurance fund by 4.95%, reaching Rs. 1.81 Arba in Q2 of FY 2080/81. Additionally, there has been a notable surge of 346.45% in the company’s income from investments, loans, and other sources, totaling Rs. 71.43 crores.

     

  • SAHAS Urja (SAHAS) Achieves 112.33% Q2 Net Profit Surge, Generates Rs. 1.53 Arba from Power Sales

    SAHAS Urja (SAHAS) Achieves 112.33% Q2 Net Profit Surge, Generates Rs. 1.53 Arba from Power Sales


    Sahas Urja Limited (SAHAS) has released its unaudited report for the second quarter of FY 2080/81, revealing an impressive 112.33% surge in net profit. The company’s net profit rose significantly to Rs. 45.86 crores for this quarter, a substantial increase from Rs. 21.59 crores in the same quarter last year.

    SAHAS achieved notable revenue from power sales, totaling Rs. 1.53 Arba during this period. Despite facing finance expenses of Rs. 64.76 crore and administrative expenses of Rs. 4.94 Crore, the company maintains a robust financial position, with retained earnings at Rs. 2.6 Arba and a share capital of Rs. 3.5 Arba.

     

  • Life Insurance Companies in Nepal Achieve Remarkable Premium Collection of Rs. 61.75 Arba in the First Five Months of FY 2080/81

    Life Insurance Companies in Nepal Achieve Remarkable Premium Collection of Rs. 61.75 Arba in the First Five Months of FY 2080/81


    During the first fifth month of the fiscal year 2080/81, life insurance companies in Nepal achieved an impressive milestone by collecting a substantial amount of premiums totaling Rs. 61.75 Arba. This significant premium collection resulted from a cumulative total of 13,754,483 active insurance policies held by policyholders until the month of Mangsir.

    A report published by the Nepal Insurance Authority reveals that Reliable Nepal Life Insurance Company stands out with the highest number of active policies, boasting 3,264,677 policies. Following closely is National Life Insurance Company with 1,579,259 policies, while Prabhu Mahalaxmi Life Insurance Ltd holds the lowest number of active insurance policies with 168,986 policies.

    In terms of total insurance charges, Nepal Life Insurance Company Limited takes the lead with charges amounting to Rs. 16.76 Arba. National Life Insurance Company follows closely with charges of Rs. 7.16 Arba, and Life Insurance Corporation Limited with Rs. 6.92 Arba.

  • Nepal Stock Exchange (NEPSE) Witnesses Significant Surge: A Comprehensive Analysis of Market Trends and Sector Performances

    Nepal Stock Exchange (NEPSE) Witnesses Significant Surge: A Comprehensive Analysis of Market Trends and Sector Performances


    In recent weeks, the Nepal Stock Exchange (NEPSE) has witnessed a substantial upward trend, particularly following the first quarterly monetary policy review on Mangir 22. Over the past eight trading days, the NEPSE Index has notably risen from the 1800 levels to the 2100 levels, marking a significant gain of 253.68 points.

    This surge is attributed to the revision in the risk weight assigned to real estate by banks and financial institutions. The risk weight for all types of real estate held by these entities has been reduced, instilling increased confidence among investors. Notably, the risk associated with share mortgage loans exceeding Rs. 50 lakh has also been lowered, further stimulating market sentiments.

    The recent adjustments in interest rates, as outlined in the Nepal Rastra Bank (NRB) monetary policy review, have also played a pivotal role in the NEPSE surge. Reductions in the bank rate, policy rate, and adjustments in deposit collection rates have contributed to a favorable economic environment, fostering investor optimism.

    Another contributing factor is the decrease in the Credit-Deposit (CD) ratio to 79, triggering a sense of Fear of Missing Out (FOMO) among investors. This sentiment has driven a surge in market activity as investors seek to capitalize on potential buying opportunities.

    Examining the one-month performance of the NEPSE Index and its sub-indices reveals a robust increase of 13.65%, accompanied by a remarkable 401.24% positive change in turnover values. Notably, the Hotels and Tourism Index experienced the most substantial positive shift, surging by 23.64%. Other sectors such as Hydropower, Investment, and Life Insurance also witnessed significant upswings.

    Delving into the sector-wise performance of the top five companies in each sector that exhibited the most substantial gains over the past month provides a comprehensive overview of the market dynamics.

    In the Banking Index, Everest Bank emerged as the frontrunner with a surge of 18.21%, reflecting positive shifts in the banking sector. Similarly, Karnali Development Bank led the Development Bank Index with a remarkable upswing of 35.67%. In the Finance Companies sector, Reliance Finance took the lead with a surge of 28.23%.

    City Hotels showcased a noteworthy surge of 34.06% in the Hotels and Tourism Index, emphasizing the resilience and growth potential within the hospitality sector. Molung Hydropower Company led the Hydropower Index with a remarkable surge of 96.37%, underlining the positive momentum in the hydropower industry.

    Hathway Investment, a newly listed company in the Investment Index, demonstrated an exceptional surge of 131.18%, showcasing the potential of newly listed entities. Reliable Nepal Life Insurance Company led the Life Insurance Index with a notable surge of 42.17%.

    In the Manufacturing and Processing Index, Bottlers Nepal Limited (Terai) exhibited an impressive surge of 94.85%, underscoring growth in the manufacturing sector. Samaj Laghubitta Bittiya Sanstha demonstrated an extraordinary surge of 751.78% in the Microfinance Index.

    Citizens Mutual Fund 2 showcased the highest surge in the Mutual Fund category, marking an impressive increase of 19.71%. Sanima GIC Insurance took the lead in the Non-Life Insurance Index with a surge of 34.69%.

    Nepal Republic Media exhibited the highest surge in the Others Index, emphasizing positive shifts in media companies. Salt Trading Company led the Trading Index with a growth of 10%.

    These performance indicators across various sectors underscore the dynamic nature of the Nepalese stock market, reflecting positive investor sentiment and market activity.

  • In celebration of its 87th anniversary, Nepal Bank has undertaken various Corporate Social Responsibility (CSR) initiatives. One notable activity included the organization of a blood donation event at the bank’s head office, where over 150 donors made valuable contributions, as highlighted in a media statement. The bank, with a significant nationwide presence, operates in 71 districts and boasts a workforce of more than 3600 employees. It maintains a network comprising 228 branches, 204 ATM outlets, and 58 extension counters. The bank reports a paid-up capital of 14.69 arba, with deposit collections amounting to Rs 2.44 kharba and a credit portfolio of Rs 1.84 kharba. Additionally, the reserve fund stands at Rs 21.88 arba, contributing to a Capital Adequacy Ratio (CAR) of 14.49%, as stated in the media release. These CSR activities and the bank’s extensive reach and financial indicators underscore its commitment to both social welfare initiatives and maintaining a robust financial position in the banking sector.

    In celebration of its 87th anniversary, Nepal Bank has undertaken various Corporate Social Responsibility (CSR) initiatives. One notable activity included the organization of a blood donation event at the bank’s head office, where over 150 donors made valuable contributions, as highlighted in a media statement. The bank, with a significant nationwide presence, operates in 71 districts and boasts a workforce of more than 3600 employees. It maintains a network comprising 228 branches, 204 ATM outlets, and 58 extension counters. The bank reports a paid-up capital of 14.69 arba, with deposit collections amounting to Rs 2.44 kharba and a credit portfolio of Rs 1.84 kharba. Additionally, the reserve fund stands at Rs 21.88 arba, contributing to a Capital Adequacy Ratio (CAR) of 14.49%, as stated in the media release. These CSR activities and the bank’s extensive reach and financial indicators underscore its commitment to both social welfare initiatives and maintaining a robust financial position in the banking sector.


    In celebration of its 87th anniversary, Nepal Bank has undertaken various Corporate Social Responsibility (CSR) initiatives. One notable activity included the organization of a blood donation event at the bank’s head office, where over 150 donors made valuable contributions, as highlighted in a media statement.

    The bank, with a significant nationwide presence, operates in 71 districts and boasts a workforce of more than 3600 employees. It maintains a network comprising 228 branches, 204 ATM outlets, and 58 extension counters. The bank reports a paid-up capital of 14.69 arba, with deposit collections amounting to Rs 2.44 kharba and a credit portfolio of Rs 1.84 kharba. Additionally, the reserve fund stands at Rs 21.88 arba, contributing to a Capital Adequacy Ratio (CAR) of 14.49%, as stated in the media release.

    These CSR activities and the bank’s extensive reach and financial indicators underscore its commitment to both social welfare initiatives and maintaining a robust financial position in the banking sector.

  • “Global IME Bank Records Impressive Q4 FY 79-80: Core Business Growth Drives Rs. 7.25 Arba Net Profit”

    “Global IME Bank Records Impressive Q4 FY 79-80: Core Business Growth Drives Rs. 7.25 Arba Net Profit”


     

    Global IME Bank Limited (GBIME) has released its fourth quarter report for the fiscal year 2079-80, revealing a significant rise in Net Profit to Rs. 7.25 Arba, marking a 46.26 percent increase from the previous year’s Rs. 4.95 Arba during the same period. The bank has seen notable growth in both Net Interest Income and Operating Profit, which have surged by 66.37 percent and 40.57 percent, respectively. GBIME achieved a total core business revenue of Rs. 17.11 Arba in FY 2079-80, contributing to an Operating Profit of Rs. 10.10 Arba up to the same period.

     

  • Himalayan Reinsurance Limited Reports Impressive Q3 Results

    Himalayan Reinsurance Limited Reports Impressive Q3 Results


    Himalayan Reinsurance Limited (HRL) has released its third-quarter financial report for the ongoing fiscal year 2079/80, showcasing a net profit of Rs. 25.44 crores. This marks an increase compared to the corresponding quarter of the previous fiscal year when the company earned Rs. 19.64 crores.

    Notably, HRL has experienced a significant surge in net premium, which has grown by a remarkable 612.61%. The net premium now amounts to Rs. 3.38 Arba as of Q3 of the current fiscal year.

    In terms of its financial reserves, HRL holds Rs. 13.69 crores in the insurance fund and Rs. 1.50 crores in the contingent fund.

    Furthermore, the company’s income from investments, loans, and other sources has witnessed growth, reaching Rs. 15.75 crores by the end of the third quarter of the current financial year.

    The annualized earnings per share (EPS) ratio of HRL stands at Rs. 4.85, reflecting its profitability, while the net worth per share is reported as Rs. 107.47.

    HRL maintains a paid-up capital of Rs. 7 Arba and has accumulated a reserve and surplus of Rs. 38.58 crores.

    These positive financial results demonstrate HRL’s strong performance and stability in the reinsurance sector, highlighting its ability to generate substantial profits and maintain a healthy financial position.

  • NEPSE Index Gains 32.30 Points, Closes at 1,877.32 with 1.75% Increase

    NEPSE Index Gains 32.30 Points, Closes at 1,877.32 with 1.75% Increase


    The Nepal Stock Exchange (NEPSE) index concluded the trading day at 1,877.32, displaying a gain of 32.30 points compared to the previous closing, representing a growth of 1.75%. Yesterday, the index had increased by 23.39 points.

    The trading day commenced with an opening value of 1,846.69. Throughout the day, the index fluctuated, reaching a low of 1,844.50 and a high of 1,883.20. Eventually, it settled at 1,877.32 at the close of trading.

    During the day, a total of 264 scrips were traded through 32,579 transactions. The overall shares exchanged amounted to 4,422,186, with a total turnover value of Rs. 1.47 Arba. This turnover figure surpassed the previous trading day’s turnover of Rs. 85.76 Crores.

    Nepal Doorsanchar Company Limited (NTC) recorded the highest turnover of Rs. 8.63 crores, concluding the trading session at a market price of Rs. 779.20 per share. The shares of SHIVM were the most actively traded during the day.

    Two scrips experienced the highest gain of 10% each, triggering the positive circuit limit for the day. Conversely, NIBL Growth Fund (NIBLGF) suffered the highest decline of 3.14% during the trading session.

    All sector indices closed in the green zone, with the “Hotels and Tourism” sector displaying the highest growth of 3.75%. On the other hand, the “Others” sector recorded the least growth of 0.90% on the trading day.

  • Taragaon Regency Hotel Reports Impressive Q3 Results with 476.52% Surge in Net Profit

    Taragaon Regency Hotel Reports Impressive Q3 Results with 476.52% Surge in Net Profit


    The Taragaon Regency Hotel (TRH) has released its third-quarter report for the fiscal year 2079/80, revealing a significant surge in Net Profit. Compared to the same quarter in the previous fiscal year, the company’s Net Profit has increased by an impressive 476.52%, amounting to Rs. 23.88 crores.

    TRH, the operator of Hyatt Regency Hotel, has also witnessed a growth in investments. By raising investments by 27%, the company now holds investments worth Rs. 1.32 Arba.

    Furthermore, the company’s operational revenue has experienced a substantial rise of 116.64%, reaching Rs. 90.61 crores in the third quarter of the current fiscal year. This increase has contributed to the overall profitability of the company.

    With a paid-up capital of Rs. 1.88 Arba, TRH has bolstered its reserves by 82.79%, equivalent to Rs. 51.39 crores, establishing a solid financial position for the company.

    TRH maintains an impressive Earning per Share (EPS) of Rs. 16.88, in contrast to the previous EPS of only Rs. 2.93.

    Additionally, the Taragaon Regency Hotel boasts a Net Worth per Share of Rs. 127.24 and a Price per Earning (P/E) Ratio of 27.55 times.

    Meanwhile, the closing price of the company’s shares stood at Rs. 465 at the end of the third quarter in the current fiscal year.

  • Till the eighth month of FY 79/80, life insurance companies collected an impressive premium of Rs. 93.75 Arba.

    Till the eighth month of FY 79/80, life insurance companies collected an impressive premium of Rs. 93.75 Arba.


    Insurance companies are competing with one another to collect more premiums. Out of its 1.4 crore total active insurance policies, life insurance companies collected a total premium of Rs. 93.75 Arba during the fiscal year 2079/80.

    According to a report published by the Nepal Insurance Authority, Nepal Life Insurance Company Limited collected Rs. 24.37 Arba on its own, with 978,626 active insurance policies as of Falgun, 2079.

     

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

    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.