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IDBI Q3 standalone net profit up at Rs 175.84 cr

Published on Thu, Jan 17 at 12:35 , Updated at Thu, Jan 17 at 16:53
Source : moneycontrol.com

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IDBI has declared its third quarter numbers. It has posted standalone net profit of Rs 175.84 crore for the quarter ended December 2007 as against Rs 126.79 crore in same period of previous year.

Standalone net interest income went up at Rs 212.92 crore from Rs 211.93 crore (YoY).

Result (Rs cr) Dec-07 Sep-07 Jun-07 Mar-06 Dec-06
Interest Earned / Operating Income 2077 1901 1793 1814 1697
Interest on Advance 1707 1591 1469 1492 1422
Income on Investment 358 292 300 275 261
Interest on Balances 10 7 18 43 9
Others Interests 3 11 6 4 6
Other Income 394 463 400 371 180
Total Income 2471 2364 2193 2185 1878
Interest Expanded -1864 -1756 -1730 -1602 -1485
Operating Expenses -215 -229 -206 -205 -189
Payment/Provisions for Employees -81 -84 -79 -75 -76
Other Operating Expenses -133 -145 -127 -130 -113
Total Expenditure for Banks -2079 -1985 -1936 -1807 -1674
Profit before Tax 392.51 378.26 257.35 378.37 203.23
Tax -21.50 -21.00 -18.50 -3.23 -26.76
Provisions and Contingencies -195.17 -201.76 -85.73 -161.59 -49.68
Net Profit 175.84 155.50 153.12 213.54 126.79
Equity Capital 724.68 724.59 724.49 724.35 724.14

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i would say shift from idfc to idbi

IDBI has all bussiness model of IDFC plus it is share holder of IDFC. IDBI has better scope for appreciation then I...

in IDBI Bank - vm179210 at 08-Aug-08 06:28

i hav idbi bank 15 @93.2

can stay for 3 to 6 months will i get good returns...

in IDBI Bank - hemantgujral at 08-Aug-08 12:45

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