IDBI Bank declares its third quarter results

Subscribe to GoodReturns

IDBI Bank declares its third quarter results
IDBI Bank has posted its results for the fourth quarter ending March 2011. The company has registered an increase in its operating income by 21.79 per cent, to reach Rs. 186,008.20 million in the quarter ended March 2011 as compared to Rs. 152,726.30 million in the corresponding quarter last year.

The company has recorded increase in net profit by 60.04 per cent, to reach Rs. 16,503.20 million in the quarter ended March 2011 from Rs. 10,311.30 million in the quarter ended March 2010. Moreover, the expenditure stood at Rs. (165,266.20) million in the March 2011 quarter from Rs. (148,366.40) million in the corresponding quarter last year.

The other income of the company decreased to Rs. 20,836.50 million from Rs. 22,909.60 million in the quarter ended March 2010. The equity share capital of the company in the quarter ended March 2011 amounted to Rs. 9,845.70 million from Rs 7,248.60 million. The tax expense of IDBI Bank was Rs. (6,306.60) million in the quarter ended March 2011 as compared to Rs. (135.90) million during the corresponding quarter last year.

At 11:44 AM, on BSE, shares of the company were trading at Rs. 148.20, up by 1.96 per cent.

Read more about: idbi bank, inr, results
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?