Bharat Forge today reported a 28.57% increase in net profit at Rs 53.27 crore for the third quarter ended December 31, 2005 as against Rs 41.43 crore in Q3FY05.According to a release issued by the company to the BSE today, total income increased to Rs 415.46 crore in Q3FY06 from Rs 311.25 crore in Q3FY05.