Jyoti Life Insurance posts remarkable growth in Earnings from Premium; Net Profit and EPS fall by 22%
Sun, Nov 11, 2018 12:20 PM on Financial Analysis, Latest, Stock Market,
Jyoti Life Insurance Company Limited has published its unaudited Q1 report for FY 75/76. The company currently has a paid up capital of Rs.1.54 Arba that remains unchanged since the corresponding quarter of the previous year. The reserves of the company have gone up from Rs.4.82 Crore to Rs.14.33 Crore this quarter.
A remarkable increase in the earnings from premium can be seen. It increased from Rs.22.89 Lakhs to Rs.12.02 Crore this quarter. However, both the net profit and EPS have fallen by 22%. The net profit currently stands at Rs.3.01 Crore while the EPS stands at Rs.1.96. The net worth per share has increased by 7% compared to the corresponding quarter. It was Rs.103.14 while currently it is Rs.110.06.
Highlights
|
Particulars (In Rs '000) |
Q1 75/76 |
Q1 74/75 |
Difference |
|---|---|---|---|
|
Paid Up Capital |
1,540,000 |
1,540,000 |
0% |
|
Reserve & Surplus |
143,362.80 |
48,297.44 |
197% |
|
Earnings from Premium |
120,249.42 |
2,289.01 |
5153% |
|
Net Profit |
30,192.18 |
38,647.06 |
-22% |
|
EPS (In Rs.) |
1.96 |
2.51 |
-22% |
|
Net Worth per Share (In Rs.) |
110.06 |
103.14 |
7% |
