Tag: Staggering

  • IME Life Insurance (ILI) Achieves Remarkable 96.14% Surge in Q2 Net Profit

    IME Life Insurance (ILI) Achieves Remarkable 96.14% Surge in Q2 Net Profit


    IME Life Insurance Company Limited (ILI) has reported impressive financial results for the second quarter of the fiscal year 2080/2081, showcasing a significant 96.14% surge in net profit. The net profit rose from Rs. 11.96 crores to Rs. 23.47 crores compared to the same quarter last year.

    ILI’s financial overview reveals a strong foundation with a paid-up capital of Rs. 4 Arba and a share premium of Rs. 1.53 Arba. The company also holds substantial amounts in retained earnings (Rs. 85.02 crores), other equity (Rs. 55.36 crores), and catastrophe reserves (Rs. 15.35 crores).

    In terms of operational performance, IME Life demonstrated an 11.20% increase in net premiums, reaching Rs. 1.99 Arba in the second quarter of FY 2080/81 compared to the previous year. The company showcased financial acumen by generating Rs. 63.92 crores from income derived from investments, loans, and other financial activities. However, the quarter also witnessed a 21.88% increase in net claims, reaching Rs. 1.87 Arba.

    Key financial indicators underscore the company’s robust performance, including an annualized earnings per share (EPS) of Rs. 11.74, net worth per share of Rs. 177.27, and a price-to-earnings (P/E) ratio of 47.29 times, indicating a positive outlook for investors. The Q2 report provides a comprehensive overview of ILI’s financial health and operational highlights.

  • Non-Life Insurance Sector in Nepal Achieves Rs. 10.44 Arba Premium in FY 2080/81

    Non-Life Insurance Sector in Nepal Achieves Rs. 10.44 Arba Premium in FY 2080/81


    In the initial three months of the fiscal year 2080/81, concluding at the end of Ashwin, the non-life insurance sector in Nepal achieved remarkable success by accumulating a substantial premium of Rs. 10.44 Arba. This impressive growth is outlined in a recent comprehensive report released by the Nepal Insurance Authority. The robust performance of the insurance industry was fueled by a total of 6.81 lakh active insurance policies, collectively held by policyholders across a diverse range of segments.

    Siddhartha Premier Insurance emerged as a prominent leader in this sector, boasting an impressive count of 79,696 active policies. Following closely, Neco Insurance secured a commendable position with 75,916 active policies in force. In contrast, National Insurance exhibited a more modest presence with 9,731 active insurance policies.

    In terms of the total charges generated through insurance, Sagarmatha Lumbini Insurance established itself as a front-runner, accumulating insurance charges amounting to Rs. 1.31 Arba. Siddhartha Premier Insurance, while not leading in terms of charges, maintained a substantial presence with total charges reaching Rs. 1.06 Arba. Shikhar Insurance Limited also made a substantial contribution, recording insurance charges of Rs. 1.04 Arba.

  • Taragaon Regency Hotel Reports Staggering 476.52% Surge in Net Profit for Q3 2079/80

    Taragaon Regency Hotel Reports Staggering 476.52% Surge in Net Profit for Q3 2079/80


    Taragaon Regency Hotel (TRH) has released its third-quarter report for the fiscal year 2079/80, showcasing a remarkable surge in Net Profit by 476.52% compared to the corresponding quarter of the previous fiscal year. The company has achieved an impressive Net Profit of Rs. 23.88 crores.

    TRH, the operator of Hyatt Regency Hotel, has also experienced growth in investments, increasing them by 27% and reaching a total investment value of Rs. 1.32 Arba.

    Furthermore, the company has witnessed a significant increase in revenue from its operations, with a rise of 116.64% to Rs. 90.61 crores in the third quarter of the current fiscal year, contributing to its overall profitability.

    With a paid-up capital of Rs. 1.88 Arba, TRH has added 82.79% to its reserves, amounting to Rs. 51.39 crores, indicating a favorable financial position for the company.

    TRH maintains an impressive Earning per Share (EPS) of Rs. 16.88, surpassing the previous EPS of Rs. 2.93.

    Similarly, 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 of the current fiscal year.

  • With a staggering turnover of Rs. 3.362 Arba, the NEPSE Index soared by a whopping 76.64 points.

    With a staggering turnover of Rs. 3.362 Arba, the NEPSE Index soared by a whopping 76.64 points.


    The NEPSE index finished at 2,177.34 today, up 76.64 points from the previous trading day’s close. This is a 3.65% increase. Yesterday, the index rose 4.57 points.Today, the index began at 2,100.12 and closed at 2,099.03. It reached a high of 2,177.75 before closing at 2,177.34.

    59,927 transactions resulted in the exchange of 260 scrips. A total of 9,333,788 shares were traded, totaling Rs. 3.362 Arba in turnover. This is more than the previous day’s turnover of Rs. 1.474 Arba.

    The largest turnover was Rs. 12.92 crores, with NIC Asia Bank Ltd. (NICA) ending at a market price of Rs. 835 per share. The most traded shares were those of Ngadi Group Power Ltd. (NGPL).

    Five scrips gained everything they could and made it to the positive circuit.12% ICFC Finance Limited Debenture 2083 (ICFCD83) fell the most today, losing 5.90%.Today, all sector indexes finished in the green, with “Investment” gaining the most 6.25% and “Mutual Fund” gaining the least 2.24%.