Ajod Insurance reports net profit of Rs 77.97 lakh for first quarter; Annualized EPS at Rs 4.45

Ajod Insurance Limited (AJOD) has registered a net profit worth of Rs 77.97 lakh till the first quarter of FY 2076/77 which was Rs.57.72 lakhs for the corresponding quarter of FY 2075/76.

The non-life insurance company has been able to generate Rs 47.42 lakh from the investment, loans and other incomes and Rs 7.95 crore from net premiums. During the review period, the non-life insurance company has collected Rs 2.96 crore as the reinsurance commission.

The insurance company has a paid-up capital of Rs 70 crore with Rs 1.82 crore in the reserves and Rs 3.20 crore in the insurance fund.

The company has issued 26,443 insurance policies till this quarter. Its annualized EPS stands at Rs 4.45 with Net worth per share at Rs 107.88.

First Quarter Report

Ajod Insurance Company will be issuing 30 lakh units shares at Rs 100 per share as Initial Public Offering (IPO) to the General Public. It has appointed NIBL Ace Capital as the issue manager for the IPO issuance.