Mahindra & Mahindra Financial Services today reported a 32% increase in stand-alone net profit at Rs 108cr for the year-ended March 31, 2006 when compared with Rs 82 crore in FY05.According to an official release issued today, total income increased 47% to Rs 582 crore in FY06 from Rs 396 crore in FY05.The board today cleared a final dividend of 20%. Along with the interim dividend of 15%, the total dividend for FY06 works out to 35%.The board also cleared a proposal to hike the investment limit of FIIs to 35% from 24%.
