Prudential Insurance Reports 43 Percent Plunge In Net Profit [Q2 Report]

February 13, 2023 | Investopaper

Prudential Insurance Company Limited (PICL) has posted a net profit of Rs 4.01 crores until the second quarter of the current fiscal year 2079/80. The profit has decreased by more than 43 percent as compared to the corresponding period of the previous fiscal year. Last year, such profit stood at Rs 7.07 crores in the six months period.


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See the performance of Prudential insurance in the table below:

Prudential Insurance (PICL): Q2 Report Summary, FY 2079/80

Financial Indicators Q2, F.Y. 2079/80 Q2, F.Y. 2078/79 Percent Change
Paid-up Capital (Rs. ‘crores’) 118.61 110.85 7.00
Reserve & Surplus (Rs. ‘crores’) 28.59 30.2 -5.33
Insurance Fund  (Rs. ‘crores’) 69.89 57.23 22.12
Total Investments  (Rs. ‘crores’) 237.62 234.89 1.16
Total Premium (Rs. ‘crores’) 64.37 67.09 -4.05
Net Premium  (Rs. ‘crores’) 20.48 26.06 -21.41
Net Claim (Rs. ‘crores’) 13.59 13.45 1.04
Total Outstanding Claim (Rs. ‘crores’) 54.81 47.14 16.27
Net Profit  (Rs. ‘crores’) 4.01 7.07 -43.28
Management Expenses (Rs. ‘crores’) 12.08 10.87 11.13
Number Of Policies 66,273 73,156 -9.41
Earnings Per Share (Rs.) 13.55
Networth Per Share (Rs.) 185.3
Market Price Per Share (Rs.) [Poush end, 2079] 475
P/E Ratio 35.06

Source: Unaudited Q2 Report, FY 2079/80


Note:

The above figures are based on the unaudited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.

The share price, as well as the P/E ratio, is based on the data of Poush’s end, 2079 BS. At current, the numbers may vary. 

If you want to see the reports of other companies, Click Here.

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