IndusInd Bank FY06 net down 82% at Rs36.82cr

IndusInd Bank has posted an 82% drop in net profit at Rs 36.82 crore for the year ended March 31, 2006 when compared with Rs 210.15 crore for FY05.

According to an official release issued to the BSE today, total income has increased to Rs 1414.39 crore for FY06 from Rs 1385.15 crore in FY05. The bank has posted a net loss of Rs 62.40 crore for the quarter ended March 31, 2006 as compared to a net profit of Rs 62.91 crore for Q4FY05. Total income has decreased to Rs 360.32 crore for Q4FY06 from Rs 373.03 crore in Q4FY05.