Opto Circuits net dips 63% to Rs 51 crore in Q1

Total income declines 43% to Rs 405 crore

Mahesh Kulkarni Bangalore
Last Updated : Aug 14 2013 | 11:08 AM IST
Bangalore-based medical devices maker Opto Circuits (India) Ltd has reported 63% decline in net profit at Rs 51 crore for the first quarter ended June 30, 2013 compared to Rs 138 crore in the corresponding quarter last year.

Its total income for the quarter declined 43.4% to Rs 405 crore as against Rs 716 crore in the year ago period.

The operating profit for the quarter under review has shown a decline of 67.8% to Rs 55 crore as compared to Rs 171 crore in the year ago period. The company's interest outgo during the quarter went up 26% to Rs 24 crore during the first quarter.

Revenues from the healthcare products segment came down marginally by 1.5% to Rs 396 crore in the first quarter. There was no revenue from the information technology segment during the quarter.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 14 2013 | 11:06 AM IST

Next Story