Jyoti Life Insurance earns net profit of Rs 6.89 crore till Q2; Rs 72.54 crore collected as net premium

Sun, Jan 26, 2020 11:40 AM on Financial Analysis, Latest, Stock Market,
Jyoti Life...

Jyoti Life Insurance Company Limited (JLICL) has earned a net profit of Rs.6.89 Crore in the Q2 of 2076/77 fiscal year. The profit of the company has increased in this quarter compared to Rs.6.44 Crore in corresponding quarter of last fiscal year.

As per the unaudited report published today, the net earnings from premium has increased massively to Rs.72.54 Crore in Q2 2076/77 from Rs.30.91 Crore in the corresponding quarter of last fiscal year. The company's number of policyholders stood at 9,955 in Q2 2076/77 from 7,335 in the last fiscal year.

The insurance company has a paid-up capital of Rs.1.54 Arba with a reserve of Rs.33.46 Crore in Q2 2076/77. The company’s life insurance fund stands at Rs.120 Crore.

Its annualized EPS stands at Rs.8.95, net worth per share at Rs.124.15.