State-run financial institution IFCI today announced a profit after tax of Rs 100.78 crore in the first quarter ended June 30, 2009, down 33.28 per cent over the corresponding period a year ago.

The company had profit after tax of Rs 151.07 crore in the same period last fiscal, IFCI said in a filing with the Bombay Stock Exchange.

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The firm has three subsidiaries - IFCI Venture Capital Funds, IFCI Financial Services and IFCI Infrastructure Development.

Shares of the company closed at Rs 48.20, down 3.12 per cent from the previous close on the BSE.

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