IME Life Insurance has announced remarkable Q3 results, boasting a 75.79% increase in net profit

IME Life Insurance Company Limited (ILI) has shown really good financial results for the third quarter of the fiscal year 2080/2081. Their net profit jumped a lot, by 75.79%, reaching Rs. 33.15 crores from Rs. 18.86 crores in the same quarter last year.

Earnings Per Share: Rs 11.05

Price Earnings Ratio (P/E):   49.8 times (last price Rs 550.4)

Net worth Per Share: Rs 177.25

Net Profit/Loss

Compared to the previous year, there has been an increase in the net profit of insurance till the end of March of the current financial year. The net profit of the company till this quarter is 33 crore 15 lakh rupees. In the same period of the last financial year, the insurance had earned a profit of Rs 18 crore 86 lakhs. Net profit has increased by about 75.7%.

Net Premium Income

By the third quarter, insurance has earned 3 arba 11 crore rupees from private insurance fees, which was 2 arba 89 crore rupees in the previous year. This is an increase of about 7.79%.

Total income

By the third quarter, the total income of insurance has reached 4 Arba 12 crore rupees, which was 3 arba 50 crore rupees in the same period of the last financial year. The total income has increased by about 17.5%.

Total Expenses

By the third quarter, the total cost of insurance has reached Rs 3.79 arba, which was Rs 3.31 Arba in the same period of the previous financial year. The total expenditure has increased by about 14.22%.

Investment

By the third quarter of this year, the insurance investment has increased to Rs 14 arba 41 crore, which was Rs 10 arba 3 crore in the same period of the previous financial year.

Distributable Profits

The distributable profit from the current year's business till this quarter is 33 crore 15 lakh 60 thousand rupees.