IDBI Q3 net up at Rs 1.19 bn

IDBI has posted a net profit of Rs 119.30 crore for the quarter ended December 31, 2005.

Industrial Development Bank of India Ltd (IDBI) on Tuesday posted a net profit of Rs 119.30 crore for the quarter ended December 31, 2005, whereas the same was at Rs 62.13 crore for the quarter ended December 31, 2004.

HT Image

The company's total Income was at Rs 1,548.16 crore for the third quarter of FY 05-06 where as the same was at Rs 1,259.08 crore in the third quarter of FY 04-05, IDBI informed the Bombay Stock Exchange.

The results for the quarter ended December 31, 2005 are not comparable with the same quarter in the previous year as they include the operations of erstwhile IDBI Bank Ltd, which was merged with IDBI in April, it added.