IDBI Q1 net at Rs 153cr, income Rs 2,193cr

Industrial Development Bank of India (IDBI) today reported a net profit of Rs 153.12 crore for the first quarter ended June 30, 2007 when compared with Rs 150.57 crore in Q1FY07.

According to a release issued to the BSE today, total income moved up to Rs 2,193 crore for the quarter ended June 30, 2007 from Rs 1,668.34 crore in Q1FY07.

"The erstwhile United Western Bank (UWB) was amalgamated with the bank effective October 3, 2006. The results for the quarter ended June 2007 and for the year ended March 2007 include the operations of UWB, and hence are not comparable with the results for the quarter ended June 2006," the release added.