IDBI announces net profit of Rs.150.57 Crores on a revenue of Rs.1668.34 Crores

Industrial Development Bank of India Ltd (IDBI) has announced the following Unaudited Results for the quarter ended June 30, 2006.

The Bank has posted a net profit of Rs 1505.70 million for the quarter ended June 30, 2006 (Q1 FY 06-07) as compared to Rs 1085.10 million for the quarter ended June 30, 2005 (Q1 FY 05-06). Total Income has increased from Rs 16006.80 million in Q1 FY 05-06 to Rs 16683.40 million for Q1 FY 06-07.

Source : Equity Bulls

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