IFCI Ltd has reported a 41 per cent decline in net profit for the first quarter ended June 30 at Rs 55.11 crore (Rs 93.61 crore). Total income from operations for the quarter under review declined by 16.55 percent to Rs 551.44 crore (Rs 660.84 crore). Other income nearly doubled to Rs 10.09 crore (Rs 5.76 crore).

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