IDBI Q2 profit at Rs155 cr

IDBI Q2 profit at Rs155 cr

Mumbai: Industrial Development Bank of India on Tuesday posted a net profit of Rs155.50 crore for the quarter ended September 30, whereas the same was at Rs139.40 crore in the corresponding period last year.

The net income of the bank stood at Rs2,363.72 crore for the second quarter ended September 30, while in the year ago period, it stood at Rs1,641.24 crore, the company informed the Bombay Stock Exchange.

The results for the quarter are not comparable with that of the previous year, as it includes the operations of United Western Bank, which was merged with IDBI on October 3, 2006.

Shares of the bank were trading at Rs142.80, down 3.35% in the afternoon trade on BSE.