Mahalaxmi Life Insurance published second quarter report with net profit of Rs 5.18 crore; Life Insurance fund at Rs 42.34 crore

Fri, Feb 7, 2020 10:18 AM on Financial Analysis, Latest, Stock Market,

Mahalaxmi Life Insurance Company published the following results for the second quarter of FY 76/77.

The paid up capital of the company stands at Rs.1.40 Arba. The company has Rs.5.76 Crore in its reserves and life insurance fund stands at Rs.42.34 Crore.

The company posted commendable earnings of Rs.25.35 Crore through means of net premium. Net profit by the end of the second quarter stands at Rs.5.18 Crore which was Rs 2.14 crore in the previous quarter.

The company currently has 6,769 policies up from 4,291 policies in the last quarter.

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