Opto Circuits Q3 net profit down 9.4% to Rs 113 crore

Bangalore-based manufacturer of invasive and non-invasive medical equipment, Opto Circuits (India) Ltd has reported 9.4% decline in consolidated net profit at Rs 113.26 crore for the third quarter ended December 31, 2012 as compared to Rs 125 crore in the corresponding quarter last year.

Its total income for the quarter increased marginally by 1.30% to Rs 619.25 crore as against Rs 611.29 crore in the corresponding quarter last year.

The operating profit for the third quarter declined by 15.5% to Rs 133 crore as against Rs 157.40 crore in December quarter last year.

During the quarter, the company incurred a research and development expense of Rs 65.41 crore, which is treated as revenue expenditure.

The company's stock closed 2.05% lower at Rs 67.05 on Bombay Stock Exchange on Tuesday.