Gurans Life Insurance raises profit by 39.11% to Rs 4.01 crore; Life Insurance Fund at Rs 3.86 arba
Wed, May 9, 2018 2:16 AM on Financial Analysis, Latest, Stock Market,
Gurans Life Insurance Company (GLICL) has published its unaudited financial report for the third quarter of the current fiscal year 2074/75. The life insurance company has witnessed a rise of 39.11% in its net profit.
The net profit of GLICL has reached to Rs 4.01 crore in the current quarter which was Rs 2.88 crore in the previous quarter.
The company has garnered Rs 88.79 crore as the earnings from premium in the Q3 of the current year which was Rs 70.10 in the corresponding quarter. The life insurance fund of GLICL stands at Rs 3.86 arba.
The paid up capital of the company is Rs 59.40 crore with Rs 20.78 crore in reserve. SEBON has already provided approval to the life insurance company to issue 50% right shares
The company will issue 50% right share on its current paid up capital of Rs 59.40 crore. After this right share issue, its paid up capital will increase to Rs 89.10 crore. The company will distribute bonus share worth Rs 6 crore (around 7%) on this capital.
EPS of the life insurance company stands at Rs 9.01 and Net worth per share stands at Rs 139.36.
