IDBI reported a consolidated net profit of Rs 746.59 cr for FY '08

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Mumbai, Apr 26 (UNI) Industrial Development Bank of India Limited (IDBI) today announced a consolidated turnover of Rs 9,963.11 crore for Fiscal 2008 with net profit being Rs 746.59 crore.

The Company had in 2006-07 reported a turnover of Rs 7,516.82 crore and a net Profit of Rs 588.31 crore.

On a stand alone basis, the Bank reported a net profit of Rs 729.45 crore for the year ended March 31, 2008 as compared to Rs 630.31 crore for the year ended March 31, 2007. Total Income has increased from Rs 7,372.60 crore for the year ended March 31, 2007 to Rs 9,656.31 crore for the year ended March 31, 2008.

For Q4 of last fiscal, the Bank had posted a net profit of Rs 244.99 crore as compared to Rs 213.55 crore for the quarter ended March 31, 2007 with the total income increasing from Rs 2,185.35 crore for the quarter ended March 31, 2007 to Rs 2,628.20 crore for the quarter ended March 31, 2008.

UNI VK GR SM1508

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