New Delhi: State-owned IFCI Ltd posted 86.59%jump in net profit at Rs 142 crore for the third quarter ended December 2013 on the back of cost rationalisation and cheaper fund. The financial institution had a net profit of Rs 76 crore in the same  quarter of 2012-13. The rise in profit is on account of a decline in cost of funds as banks offered loans following government becoming majority owner. Besides, there was rationalisation in employee expenses, MD Malay Mukherjee said.

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