Jyoti Life Insurance Reports Increment In Net Profit By 70.99% In Q3 - FY 78/79
Sun, May 8, 2022 4:30 PM on Latest, Financial Analysis, Stock Market,
Jyoti Life Insurance Company Limited (JLI) has reported growth in net profit by 70.99% in Q3. The company reported a net profit of Rs. 20.6 crores compared to Rs. 12.07 crores of the corresponding quarter of the previous year.
The paid-up capital of the company stands at Rs. 2.42 Arba and reserve and reserve and surplus stood at Rs. 56.6 crores had a decline of 5.60% as compared to the corresponding quarter. At this capital, the annualized EPS stood at Rs. 11.38 and net worth per share stood at Rs. 127.09.
Its life insurance fund increased by 61.91% to Rs. 5.66 Arba and contingent fund stood at Rs. 8.8 crores.
The net premium increased by 12.79% and the amount stood at Rs. 2.49 Arba in this quarter. The company’s income from investments increased by 68.25% in this quarter. Similarly, the net claim payment increased by 190.49% to Rs 18.8 crores till Q3. The number of policies stood at 21,556.
Major financial highlights
| Particulars (In Rs '000") | Jyoti Life Insurance Company Limited | ||
|---|---|---|---|
| Q3 2078/79 | Q3 2077/78 | Difference | |
| Paid Up Capital | 2,420,000 | 2,200,000 | 10.00% |
| Reserve and Surplus | 566,848 | 600,487 | -5.60% |
| Insurance Fund | 5,661,827 | 3,496,791 | 61.91% |
| Contingent Fund | 88,714.10 | 66,720.81 | 32.96% |
| Net Premium | 2,493,867 | 2,210,977 | 12.79% |
| Income from Loan against policy | 26,764 | 28,598 | -6.41% |
| Income from Investment, Loan and others | 330,371 | 196,356 | 68.25% |
| Claim Payment (Net) | 188,607 | 64,927 | 190.49% |
| Net Profit | 206,509 | 120,771 | 70.99% |
| No of Policies | 21,556 | 25,150 | -14.29% |
| EPS (In Rs.) | 11.38 | 7.32 | 55.45% |
| Net Worth per Share (In Rs.) | 127.09 | 130.33 | -2.49% |
| Qtr End PE Ratio | 51.67 | - | - |
| Qtr End Market Price | 587.90 | - | - |
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