Prabhu Insurance reports 35% growth in net profit; premium income rises to Rs 20.83 crore in Q2
Tue, Feb 12, 2019 10:41 AM on Financial Analysis, Latest, Stock Market,
Prabhu Insurance Company Limited (PRIN) has stated growth in its net profit by 35.07% in the second quarter of the ongoing fiscal year 2075/76.
Publishing the financial report today, the nonlife insurance company stated that it earned a net profit of Rs 4.44 crore in Q2 of the FY 2075/76, up from Rs 3.29 crore in the corresponding quarter of the FY 2074/75.
Along with its net profit, its net income from premium (net) has increased from Rs 18.13 crore to Rs 20.83 crore at the end of Q2 this year. Its income from reinsurance commission has increased to Rs 6.03 crore.
It has made claim payment worth Rs 10.30 crore to 1,031 policies and it has provisioned Rs 6.58 crore for pending claims.
Its current paid up capital stands at Rs 1.005 arba. It has a reserve fund of Rs 19.63 crore and the insurance fund amounts to Rs 46.51 crore.
Its annualized earning per share stands at Rs 8.85, net worth per share at Rs 166 and P/E ratio at 50.50 times.
