IDBI Q4 net up 6 pc at Rs 213.5 crore

The Industrial Development Bank of India has posted a 6.11 per cent increase in net profit at Rs 213.54 crore for the quarter end on March 31.

The Industrial Development Bank of India (IDBI) has posted a 6.11 per cent increase in net profit at Rs 213.54 crore for the quarter ended March 31, compared to Rs 201.24 crore for the same quarter last year The total income of the company also increased 12.40 per cent to Rs 2,185.35 crore for the fourth quarter ended March 31, from Rs 1,944.16 crore for the same quarter last year For the financial year ended March 31, the bank recorded a net profit of Rs 630.31 crore compared to Rs 560.89 crore for the year-ago period and the total income increased to Rs 7,372.60 crore from Rs 6,661.17 crore. The group posted a net profit of Rs 588.32 crore for the year ended March 31 compared to Rs 543.91 crore for the same period last year.

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