Opto Circuits net up 24.8%

Opto Circuits (India) Ltd, a Bangalore-based maker of medical diagnostic equipment, has posted a consolidated net profit of Rs 65.6 crore for the third quarter ended December 31, 2009, a growth of 24.8 per cent compared to the corresponding quarter last year.

Repayment of an outstanding debt to the extent of Rs 173 crore during the quarter helped the company bring down its costs. Its interest payment came down by 50 per cent to Rs 7.2 crore during the third quarter compared to the same period a year ago.

Its net sales for the quarter went up by 21.7 per cent to Rs 257 crore as compared to the same period a year ago.

The company posted a robust 40.2 per cent growth in its operating profit at Rs 81.5 crore during the quarter compared to the year ago period.