Prabhu Insurance Raise Net Profit by 29.76%

Aug 16, 2023 01:41 PM Merolagani

Prabhu Insurance  (PRIN) earned Rs 241.5 million in net profit  as per its fourth quarter report of the last FY.

The net profit increased by 29.76 percent compared to Rs 186.1 million of the corresponding period of the previous FY.

During the period, its net insurance premium increased by 33.28 percent to Rs 638.1 million in the review period compared to Rs 478.8 million of the previous FY.

During the period, it earned reinsurance commission of Rs 190.9 million and Rs 37 million from investment, loans and others.

The company with Rs 1.37 billion in paid-up capital has reserve fund of Rs 226.4 million, life insurance fund of Rs 1.03 billion and disaster fund of Rs 92 million.

The company maintained EPS of Rs 18, P/E ratio of 43 times and net worth per share of Rs 198.

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