Remarkable growth of 68.67% in net profit posted by Jyoti Life Insurance Company

Jyoti Life Insurance Company has stated rise in net profit by 68.67% in the fourth quarter of the FY 2074/75.

As per the unaudited report for the fourth quarter, the insurance company reported net profit of Rs 10.9 Crore in Q4 of fiscal year 2074/75, up from Rs 4.43 Crore of the corresponding fiscal year. Its paid up capital stands at Rs 154 Crore.

The company’s earnings from premium increased to Rs 27.75 crore in Q4 from Rs 10.9 crore in the corresponding quarter.

The reserve fund of the company has also increased to Rs 11.86 crore from the corresponding year’s Rs 7.42 crore. The company’s life insurance fund has also increased to Rs 16.01 crore from Rs 9.80 crore in the corresponding quarter of the previous year.

Its EPS stands at Rs 7.04 and the net worth per share of the company amounts to Rs 107.71.