Monday, April 28, 2008

IDBI Announces Q4 & FY 08 Results

Industrial Development Bank of India Ltd (IDB) has announced the following results for the quarter & year ended March 31, 2008:

The Unaudited results for the Quarter ended March 31, 2008
The Bank has posted a net profit of Rs 2449.90 million for the quarter ended March 31, 2008 as compared to Rs 2135.50 million for the quarter ended March 31, 2007. Total Income has increased from Rs 21853.50 million for the quarter ended March 31, 2007 to Rs 26282.00 million for the quarter ended March 31, 2008.

The Audited results for the Year ended March 31, 2008
The Bank has posted a net profit of Rs 7294.50 million for the year ended March 31, 2008 as compared to Rs 6303.10 million for the year ended March 31, 2007. Total Income has increased from Rs 73726.00 million for the year ended March 31, 2007 to Rs 96563.10 million for the year ended March 31, 2008.

The Consolidated results are as follows:
The Audited consolidated results for the Year ended March 31, 2008
The Group has posted a net profit of Rs 7465.90 million for the year ended March 31, 2008 as compared to Rs 5883.10 million for the year ended March 31, 2007. Total Income has increased from Rs 75168.20 million for the year ended March 31, 2007 to Rs 99631.10 million for the year ended March 31, 2008.

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