Asian Paints today announced a 66.50% increase in net profit at Rs 118.87 crore for the quarter ended December 31, 2007 when compared with Rs 71.39 crore in Q3FY07.According to a release to the Bombay Stock Exchange, the company's total income increased to Rs 1,190.82 crore for the quarter ended December 31, 2007 from Rs 943.27 crore for the quarter ended December 31, 2006