Guras Life insurance reported surged in net profit 36.80% in fourth quarter of fiscal year 2074/75.
As per the report, insurance company has posted surge in net profit of Rs. 5.72 crore in the Q4 from Rs. 4.18 crore in corresponding quarter of previous fiscal year 2073/74.
Net insurance premium has risen to Rs.1.45 arba from Rs. 1.13 arba in the last corresponding quarter. It has income from investment Rs.39.72 crore.
The company has made a payment of Rs.24.41 crore for claims. The company still remains to pay claims of Rs.25.47 lakh. Existing number of insurance policies is 198,446.
Currently, its paid up capital is 59.40 crore with reserves of 24.59 crore.
It has maintained Rs.4.27 arba in life insurance fund & Rs. 3.02 crore in disaster fund.
Its EPS stands at 9.63 & net worth per share is 146.49. PE ratio stands at 89.81 times.
Also Read: Q4 Report of National life insurance – profit grown by 27%
