Bharat Forge today reported an 8% decline in consolidated net profit at Rs 70.96 crore for the third quarter ended December 31, 2007 when compared with Rs 76.96 crore in Q3FY07.According to a release issued to the BSE today, total income increased to Rs 1,099.44 crore from Rs 1,037.10 crore in Q3FY07.