i-flex Solutions today reported a 42.48% increase in net profit at Rs 53.12 crore for the second quarter ended September 30, 2005 as against Rs 37.28 crore in the quarter ended September 30, 2004.According to a release issued by i-flex Solutions to the BSE today, total income has increased 35.12% to Rs 272.78 crore in Q2FY06 from Rs 201.87 crore in Q2FY05.