Net profits of Prabhu Insurance Company stand at Rs.5.89 Crore by the end of Q2; other indicators reflect decent growth

Prabhu Insurance Company Limited (PRIN) has stated growth in its net profit by 35.51% in the second quarter of the ongoing fiscal year 2076/77.

The nonlife insurance company earned a net profit of Rs.5.89 Crore in Q2 of the FY 2076/77, up from Rs.4.44 Crore in the corresponding quarter of the FY 2075/76. Its net income from premium (net) has increased from Rs.20.83 Crore to Rs.21.13 Crore at the end of Q2 of 2076/77.

Its current paid up capital stands at Rs.1.005 Arba. It has a reserve fund of Rs.19.22 Crore and the insurance fund amounts to Rs.60.67 Crore.

The company has issued a total of 37,657 insurance policies till Q2 of 2076/77. This figure was 36,496 during Q2 of last year. Its earning per share stands at Rs.6, net worth per share at Rs.188 and P/E ratio at 65 times.