Prabhu Insurance reports 9.8% rise in net profits with an EPS of Rs 26; More than 74 thousand policies issued till Q4 of 2075/76

Prabhu Insurance Company Limited (PRIN) has stated growth in its net profit by 9.87% in the fourth 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 26.62 crore in Q4 of the FY 2075/76, up from Rs 24.22 crore in the corresponding quarter of the FY 2074/75.

Along with its net profit, its net income from premium (net) has increased slightly from Rs 46.14 crore to Rs 50.35 crore at the end of Q4 of 2075/76.

Its current paid up capital stands at Rs 1.005 arba. It has a reserve fund of Rs 28.45 crore and the insurance fund amounts to Rs 58.47 crore.

The company has issued a total of 74,393 insurance policies till Q4 of 2075/76. This figure was 52,513 during Q4 of last year.

Its earning per share stands at Rs 26, net worth per share at Rs 186 and P/E ratio at 14 times.

Q4 report