Ajod Insurance posted Net profit of Rs. 1.23 crore in Q2; Insurance premium collection of Rs. 3.76 crore
Fri, Feb 8, 2019 11:08 AM on Financial Analysis, Latest, Stock Market,
Ajod Insurance Limited (AJOD) has registered a net profit worth of Rs 1.23 crore till this month in the second quarter report of FY 2075/76. The company has come into operation from Ashadh 21, 2075 and in the previous quarter, it has Rs. 58.72 lakhs as a net profit.
The non-life insurance company has been able to generate Rs 3.29 crore from the investment, loans and other incomes.
The insurance company has a paid-up capital of Rs 70 crore with Rs 2.42 crore in the reserves and Rs 61.93 lakh in the insurance fund.
During the review period, the non-life insurance company has collected Rs 3.76 crore as the net insurance premium with Rs 1.91 crore as the reinsurance commission.
The company has issued 13,228 insurance policies until this month of Poush. Its EPS stands at Rs 3.54 with Net worth per share at Rs 103.47.
