PNB MetLife India Insurance Company standalone net profit rises 702.51% in the March 2024 quarter

Sales rise 11.50% to Rs 3235.12 crore

Net profit of PNB MetLife India Insurance Company rose 702.51% to Rs 143.89 crore in the quarter ended March 2024 as against Rs 17.93 crore during the previous quarter ended March 2023. Sales rose 11.50% to Rs 3235.12 crore in the quarter ended March 2024 as against Rs 2901.50 crore during the previous quarter ended March 2023.

For the full year,net profit rose 145.71% to Rs 275.66 crore in the year ended March 2024 as against Rs 112.19 crore during the previous year ended March 2023. Sales rose 11.70% to Rs 9309.02 crore in the year ended March 2024 as against Rs 8333.94 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales3235.122901.50 11 9309.028333.94 12 OPM %3.82-0.48 -2.530.50 - PBDT171.7520.08 755 308.94131.87 134 PBT171.7520.08 755 308.94131.87 134 NP143.8917.93 703 275.66112.19 146

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