The net profit took a hit due to higher finance costs and lower than expected sales during the quarter.
The total income of the company went down 22.7% to Rs 313 crore from Rs 405 crore in the year ago quarter. The operating profit too declined 21.8% to Rs 43 crore as against Rs 55 crore.
Opto's shares closed 0.36% lower at Rs 27.95 per share on Bombay Stock Exchange on Tuesday.