Finolex Industries today reported a 17% increase in net profit at Rs 14.67 crore for the third quarter ended December 31, 2005 when compared with Rs 12.55 crore in Q3FY05.According to a release issued by the company to the BSE today, total income declined to Rs 180.44 crore in Q3FY06 from Rs 214.52 crore in Q3FY05.