Prudential Insurance profit upsurges by 39.51% in Q1

Prudential Insurance Company Limited (PICL) has reported 39.51 % increase in profit for the first quarter of the fiscal year 2072/73. As per the unaudited report for the first quarter published today, the insurance company reported a net profit of Rs.1.51crore in the Q1 of current fiscal year, rising from Rs.1.08 crore in the corresponding period last year. The company’s earnings from premiums rose to Rs.13.64 crore, up from Rs.13.10 crore. Prudential Insurance has a paid up capital of Rs.27crore. The reserve fund of the company highly inflated to Rs.7.57 crore in Q1 from Rs.5.79 crore as compared to the corresponding quarter previous fiscal year. The company’s insurance fund doubled to Rs.18.11crorefrom Rs. 9.92 crore. The company’s number of policy holders increased to 18,364 this quarter from 18,089 as in the same period last year. Prudential Insurance’s EPS stands at Rs.5.61, net worth per share at Rs.195.17 and P/E ratio at 88.12 times.