Prabhu Life reports 21.9% fall in net profit for Q3 of FY 2075/76; Reports 690% rise in net earnings from premium

Thu, May 9, 2019 12:54 PM on Financial Analysis, Latest, Stock Market,
Prabhu Lif...

Prabhu Life Insurance Company (PRLIL) has published its unaudited third quarterly report for the FY 2075/76. It has reported a net profit of Rs 3.80 crore till this month which was Rs 4.87 crore in the corresponding quarter of FY 2074/75.

The net earnings from a premium of Prabhu Life amount to Rs 24.84 crore which stood at Rs. 3.14 crore in last year's corresponding quarter - an increment of 690%.

The paid-up capital of the company stands at Rs 1.40 arba with Rs 7.36 crore in the reserve and Rs. 22.71 crore in the life insurance fund. The company is yet to float IPO to the general public. 

Q3 Report