Prudential Ins. earns Rs 1.08 crore in Q1; Number of policies rises to 18,089

ShareSansar, November 19:

Prudential Insurance Company Limited (PICL) has posted a marginal 4.62 percent rise in its net profit for the first quarter of the current fiscal year 2071/72.

Publishing the unaudited financial report for the first quarter today, the insurance company has stated that its net profit has increased to Rs 1.08 crore up from Rs 1.03 crore in the corresponding quarter of the last fiscal year 2070/71.

Similarly there is an impressive increment in the insurance fund from Rs 9.92 crore to Rs 6.90 crore and the reserve and surplus also increased to Rs 5.79 crore from Rs 4.47 crore as compared to corresponding quarter of the last fiscal year 2070/71.

The number of policies has increased drastically to 18,089 up from 7,520 during the last fiscal year.

The company’s annualized EPS is Rs 4.02; net worth per share is Rs 158.21 and the P/E ratio is 110.75 times.

For Financial Report: CLICK HERE