Prabhu Life Insurance posted Rs. 2.74 crore as net profit in its Q2 report; Earnings from premium increased by 32.89% to Rs. 14.87 crore

Mon, Feb 11, 2019 12:29 PM on Financial Analysis, Latest, Stock Market,
Prabhu Lif...

Prabhu Life Insurance Company (PRLIL) has published its unaudited second quarterly report for the FY 2075/76. It has reported a net profit of Rs 2.74 crore till this month which was Rs 3.72 crore in the last quarter of FY 2074/75.

The net earnings from a premium of Prabhu Life amount to Rs 14.87 crore which stood at Rs. 11.19 crore in last year's corresponding quarter - an increment of 32.89%.

The paid-up capital of the company stands at Rs 1.40 arba with Rs 6.30 crore in the reserve and Rs. 17.40 crore in the life insurance fund. The company is yet to float IPO to the general public. 

Announcement of Q2 report