Opto Circuits posts Q3 net profit of Rs 96 cr

Medical equipment-maker Opto Circuits today reported a consolidated net profit of Rs 95.67 crore for the third quarter ended December 31, 2010.

The company had posted a net profit of Rs 65.68 crore for the same period last fiscal, after taking into account minority interest, Opto Circuits said in a statement.

As the results include the net profits registered by Cardiac Science -- a company which it acquired in December, 2010 -- the results are not comparable, Opto Circuits said.

The company's net sales stood at Rs 417.65 crore for the third quarter ended December 31. In the corresponding period last fiscal, Opto Circuit's net sales stood at Rs 257.02 crore.

"We've had an exciting third quarter in terms of business growth and expansion. We've performed well across important segments and key geographies," Opto Circuits Chairman and Managing Director Vinod Ramnani said.

During the quarter, Opto acquired 100 per cent of the capital stock of US-based Cardiac Science, a company that develops, manufactures and markets advanced diagnostic and therapeutic cardiology devices and systems.

Shares of Opto Circuits closed at Rs 249.40 on the Bombay Stock Exchange today, up 10.55 per cent from the previous close.