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Opto Circuits reports 46% rise in Q1 consolidated net profit

17 Jul 2018 Evaluate

Opto Circuits (India) has reported results for first quarter ended June 30, 2018.

The company has reported a net profit of Rs 8.41 crore for the quarter under review as against a net loss of Rs 0.65 crore for the same quarter in the previous year. Total income of the company reported around 3-fold jump at Rs 29.04 crore for Q1FY19 as compared Rs 10.11 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 45.78% in its net profit at Rs 12.96 crore for the quarter under review as compared to Rs 8.89 crore for the same quarter in the previous year. Total consolidated income of the company increased by 48.55% at Rs 71.96 crore for Q1FY19 as compared Rs 48.44 crore for the corresponding quarter previous year.

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