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Mumbai, May 29: Utility vehicles and tractor major Mahindra&Mahindra has posted a net profit of Rs 321.17 crore for the quarter ended March 31, as compared to Rs 152.66 crore for the corresponding quarter the previous fiscal.

Announcing the results, the company said its total income has increased from Rs 1,951.30 crore in Q4 FY-05 to Rs 2,302.60 crore for Q4 FY-06.

It has posted a net profit of Rs 857.10 crore for the year ended March 31, as compared with Rs 512.67 crore for the year ago period. Total income has increased from Rs 6,769.05 crore in FY-05 to Rs 8,326.53 crore for FY-06.

The company's board has recommended a dividend at 75 per cent on the enhanced share capital and also a special dividend of 25 per cent aggregating to Rs 10 per share. The special dividend is being recommended in light of the successful listing of the MMFSL equity shares on the stock exchange.

UNI