Meager profit growth of Gurans Life Ins. by 6.79%; EPS mere Rs 3.44
Fri, Aug 21, 2015 12:00 AM on Others,
ShareSansar, August 21:
Gurans Life Insurance Company Limited (GLICL) has reported a slight profit growth of 6.79 percent in the fourth quarter of the last fiscal year 2071/72.
According to the unaudited financial report for the fourth quarter published today, the life insurance has stated that its net profit surged to Rs 1.71 crore in fourth quarter as compared to Rs 1.60 crore in the corresponding quarter of the last fiscal year 2070/71.
The company’s net earnings from premiums grew to Rs 67.78 crore in Q4 from Rs 47.34 crore in the same quarter last year.
The insurance company has paid up capital of Rs 50 crore. Its reserve fund has reached 16.54 crore in Q4, up from Rs 14.82 crore in the previous fiscal year.
GLICL policy holder has increased to 99.92 thousand by the end of this quarter from 75.87 thousand reported in the same period of last year.
Gurans Life Insurance EPS stand at Rs 3.44, P/E ratio is at 169.31 times and net worth per share at Rs 133.09.
The company needs to hold its AGM for the fiscal year 2070/71 and 2071/72. GLICL AGM on Shrawan27, 2072 is of Fiscal Year 2069/70.
