Ipca Laboratories today reported a 102% increase in net profit at Rs 35.4 crore for the second quarter ended September 30, 2006 when compared with Rs 17.49 crore in Q2FY06.According to a release issued by the company to the BSE today, total income increased 24.46% to Rs 244.48 crore from Rs 196.42 crore in Q2FY06.The board has declared an interim dividend of 35% for the financial year 2006-07.