Prabhu Insurance reported net profit surged by 34.48% in fourth quarter of fiscal year 2074/75.
As per the report, insurance company has posted net profit of Rs. 22.15 crore in the Q4 from Rs. 16.47 crore in corresponding quarter of previous fiscal year 2073/74.
Net insurance premium has risen to Rs.43.58 crore from Rs. 39.15 crore in the last corresponding quarter. It has income from reinsurance commission is Rs.13.80 crore.
The company has made a payment of Rs.29.68 crore for claims. The company still remains to pay claims of Rs.13.13 crore. It has sold 94,572 polices.
Currently, its paid up capital is 68.84 arba with reserves of 21.55 crore.
It has maintained Rs.34.14 arba in insurance fund & Rs. 44.13 crore in disaster fund.
Its EPS stands at 32. & net worth per share is 214. PE ratio stands at 35 times.
