i-flex Solutions today reported a 6.16% increase in consolidated net profit at Rs 48.20 crore for the third quarter ended December 31, 2005 as against Rs 45.40 crore in Q3FY05.According to a release issued by the company to the BSE today, total revenue increased to Rs 388 crore in Q3FY06 from Rs 300 crore in Q3FY05.