Cipla today reported a 39.50% increase in net profit at Rs 175.31 crore for the third quarter ended December 31, 2005 as against Rs 125.67 crore in Q3FY05.According to a release issued by the company to the BSE today, total income increased to Rs 855.07 crore in Q3FY06 from Rs 637.32 crore in Q3FY05.