IDBI Q2 net at Rs 155cr

Industrial Development Bank of India (IDBI) today reported a net profit of Rs 155.50 crore for the second quarter ended September 30, 2007 when compared with Rs 139.40 crore in Q2FY07.

According to a release issued to the BSE today, total income moved up to Rs 2,363.72 crore from Rs 1,641.24 crore in Q2FY07.

"The erstwhile United Western Bank (UWB) was amalgamated with the bank effective October 03, 2006. The results for the quarter and six months ended September 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 September 2006," the release added.