Asian Life Insurance posted a net profit of Rs. 2.89 crore in Q2; EPS and PE ratio stands Rs. 4.69 and 132.94 times respectively

Asian Life Insurance Company Limited (ALICL) has posted a net profit of Rs. 2.89 crore till the end of Poush month of 2075/76 fiscal year.

It has earned a net profit of Rs 2.89 crore in this quarter up from Rs 2.58 crore in the corresponding period of last fiscal year.

As per the unaudited report for the second quarter published today, earning from premium has increased from Rs 1.21 arba in second quarter of FY 2074/75 to Rs 1.73 arba in this quarter. ALICL has insurance fund of Rs 15 arba; paid up capital of Rs 1.25 arba with a reserve of Rs 26.34 crore.

Asian Life’s annualized earning per share stands at Rs 4.69, net worth per share is at Rs. 120.96 and annualized P/E ratio stands at 132.94 times.

LTP of ALICL share is Rs 612. ALICL will issue 60% right share to meet the mandatory paid up capital of Rs 2 arba as required by the Beema Samiti. 

Announcement