National Life stands with slight increment in profit; Net profit reaches Rs 8.49 crore with EPS at Rs 12.96

National Life Insurance Company ( NLICL) has stated rise in net profit by a slight margin of  3.51% in the first quarter of the FY 2075/76.

As per the unaudited report of the first quarter, the insurance company reported net profit of Rs 8.49 crore in the Q1 of the fiscal year 2075/76, up from Rs 8.20 crore of the corresponding fiscal year.

The company’s earnings from premium have rose to Rs 1.37 arba from the corresponding year’s Rs 1.31 arba. The company’s life insurance fund stands at Rs 22.54 arba which was Rs 18.30 arba in the corresponding quarter of the last fiscal year.

The paid up capital of the insurance company is Rs 2.62 arba with Rs 72.67 crore in the reserve. 

The earning per share of the life insurance company stands at Rs 12.96 and net worth stands at Rs 127.69. Its P/E stands at 52.45 times.