Prabhu Life Insurance reports a net profit of Rs 3.81 crores; Reserves at Rs 7.75 crores

Thu, Aug 15, 2019 4:50 PM on Financial Analysis, Latest, Stock Market,

Prabhu Life Insurance Company (PRLIL) has published its unaudited fourth quarterly report for the FY 2075/76. It has reported a net profit of Rs 3.81 crore till this month which was Rs 4.31 crore in the corresponding quarter of FY 2074/75.

The net earnings from a premium of Prabhu Life amount to Rs 45.35 crore which stood at Rs. 11.19 crore in last year's corresponding quarter.

The paid-up capital of the company stands at Rs 1.40 arba with Rs 7.75 crore in the reserve and Rs. 34.13 crore in the life insurance fund. The company is yet to float IPO to the general public.