Prabhu Mahalaxmi Life Insurance Increases Net Profit; EPS Declines

May 09, 2024 12:00 PM Merolagani

Prabhu Mahalaxmi Life Insurance (PMLI) has published its the third quarter financial report of the current FY.

As per the report, it raised its net profit during the period. It earned Rs 268.9 million in net profit during the period which is 38.75 percent growth compared to Rs 193.8 million.

In the review period, the company raised its net insurance premium by 102.84 percent and total income by 109.05 percent. similarly, its net claim payment increased by 140.26 percent and total expenses by 117.21 percent.

Although it managed to increase its net profit, its EPS has declined during the period. The company logged EPS of Rs 8.35, P/E ratio of 61.31 times and net worth of Rs 123.35.

The company with Rs 4.29 billion in paid-up capital has share premium fund of Rs 19.3 million, catastrophic fund of Rs 87.6 million, retained earning of Rs 755.5 million and other equity of Rs 123.2 million.

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