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

Total income declines 43% to Rs 405 crore

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.