Surya Jyoti Life Insurance’s Profit Rises Normally, What Are Other Indicators?
लगानी न्यूज
. Surya Jyoti Life Insurance has published its financial results for the first quarter of the current FY. According to the report, the net profit of the insurance company has increased slightly compared to the same period of the last fiscal year.
In the first three months of the current FY, the insurance company has earned a net profit of Rs 12.8 TAG_OPEN_div_20 0 crore. This is 11 percent more than the same period last year. The company had posted a net profit of Rs 11.53 crore in the same quarter last year.
In the review period, the insurance company’s net earned premium increased by 18.74 percent to Rs 2.91 billion.TAG_OPEN_div_18 In the previous fiscal year, the company earned Rs 2.45 billion. Similarly, the total income of the company increased by 12.28 percent to Rs 3.95 billion. The company had posted a net profit of Rs 3.52 billion in the previous fiscal year.
In the first quarter of the current fiscal year, the insurance company’s total claim payment has increased by 14.82 percent.TAG_OPEN_div_16 During the period, the company has paid claims worth Rs 3.26 billion. In the same period last year, the company had paid Rs 2.84 billion. The total expenses of the company increased by 12.17 percent to Rs 3.76 billion. The company had posted an expense of Rs 3.36 billion in the same quarter last year.
Along with the profit of this company, the earnings per share of the insurance company have also increased modestly. In the review period, the income of the insurance company increased by Rs 1.01 to Rs 10.22. As of mid-October, the insurance company has a net worth of Rs 134.42 and P/E ratio of 39.86 times.
The company has paid-up capital of Rs 5.01 billion, Rs 425.7 million in disaster fund, Rs 1.04 billion in retarded earnings and Rs 25.73 million in other equity.TAG_OPEN_div_12
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