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New Delhi, Jan 30: Mahindra and Mahindra today said its net profit increased 68 per cent to Rs 405.15 crore for the third quarter ended December 31, 2007 as compared to Rs 241.68 crore in the corresponding quarter last year. Its total income has increased 14 per cent to Rs 2,980.25 crore for the quarter ended December 31, 2007 from Rs 2,617.3 crore for in the same quarter last year.

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