IDBI Q2 standalone net profit at Rs 155.5 cr
Saturday, October 20, 2007 | | |
IDBI has announced its second quarter numbers. It has posted standalone net profit of Rs 155.5 crore in the quarter ended September 2008 as against Rs 139.4 crore in same quarter of last year.
Standalone net interest income stood at Rs 144.7 crore versus Rs 134.9 crore.
The profit before tax was at Rs 378 crore. Other income increased to Rs 463 crore versus Rs 193 crore.
IDBI Q2 numbers are not comparable due to merger with United Western Bank.
According to CNBC-TV18 estimates, the bank was expected to post 4% growth in net profit of Rs 145 crore in Q2FY08 as against Rs 139.4 crore in same quarter of last year.
Net interest income (NII) was seen going down 36.6% at Rs 85.5 crore from Rs 134.9 crore and operating profit was likely to go up 60.45% at Rs 213.7 crore versus Rs 133.2 crore.