Opto Circuits Q1 net up 40% at Rs 116 Crores

Medical devices maker Opto Circuits today said its consolidated net profit grew by 40% to RS 116.38 crore in the first quarter ended June 30.

The company had a net profit of Rs 83.09 crore during the same period last year, Opto Circuits (India) said STORAGE Bombay Stock Exchange (BSE).

For the quarter under review, net sales of the company amounted to Rs 520.81 crore from Rs 291.98 million rupees compared.

Commenting on the results Opto Circuits President and CEO Vinod Ramnani said, "Opto Circuits Group effectively integrated the operations and functions of its U.S. business was further strengthened."

"In line with this, we also restructured our segment of medical equipment and device company to intervene to save costs and achieve operational efficiency. We are confident of achieving our growth objectives for the year," Ramnani said.

Opto Circuits shares today closed on BSE at Rs 275.10, up 0.55% from the previous close.