Surya Life Insurance's P/E ratio stands at 46.51 times in the third quarter; Prabhu Life Insurance and Reliance Life Insurance show decent performance in the third quarter

Fri, May 11, 2018 1:55 AM on Financial Analysis, Latest, Stock Market,

Surya Life Insurance Company Limited (SLICL) has also published its Q3 report for the FY 2074/75. It has reported a profit of Rs 9.77 crore in the third quarter of the current year which was a profit of Rs 6.03 crore in the corresponding quarter.

The company collected Rs 1.04 arba as earnings from premium in the current quarter which is an increment from the corresponding quarter’s Rs 77.62 crore. The life insurance fund of the company is Rs 3.22 arba .

The paid up capital of the company stands at Rs 72.18 crore with Rs 35.34 crore in the reserve. SLICL has issued 40% right shares for its shareholders which will take its capital to Rs 1.01 arba.

It has not been able to conduct its AGM for the previous fiscal year 2073/74.

The Earning per share (EPS) of SLICL stands at Rs 18.06 and Net worth per share at Rs 155.16. Also, the P/E ratio of the life insurance company is 46.51 times.

Similarly, Prabhu Life Insurance (PRLIL) has published its third quarter report of its first year of operation. The net profit of Rs 4.87 crore was reported in the third quarter of the current fiscal year which was Rs 3.72 crore in the second quarter of the same fiscal year.

The company’s earnings from premium is Rs 3.14 crore in Q3 of the current fiscal year. Its life insurance fund stands at Rs 2.03 crore.

The company’s paid up capital is Rs 1.4 arba with Rs 4.90 crore in the reserve. The insurance company is soon slated to issue its public shares worth Rs 60 crore to increase its paid up capital to Rs 2 arba.

Likewise, Reliance Life Insurance Company (RLIL) has also published their unaudited financial report for the third quarter of the current fiscal year. The profit has been reported as Rs 10.60 crore in the current quarter.

The insurance company collected Rs 2.02 crore as earnings from premium in the Q3 of FY 2074/75.

The paid up capital of the company is Rs 1.47 arba with Rs 10.60 crore in the reserve and surplus. It does not have any amount in the life insurance fund of the company.