Alstom Projects India has reported a 85% drop in net profit at Rs 6.80 crore for the third quarter ended December 31, 2004 as compared to Rs 45.90 crore for the quarter ended December 31, 2003. As per the release issued to the BSE, total income has increased from Rs 162.30 crore in Q3-03 to Rs 191.10 crore for the quarter ended December 31, 2004.