Healthcare equipment maker Opto Circuits today said its consolidated net profit rose by 40% to Rs 116.38 crore for the first quarter ended June 30.
The company had a net profit of Rs 83.09 crore in the same period previous fiscal, Opto Circuits (India) said in a filing to the Bombay Stock Exchange (BSE).
For the quarter under review, net sales of the company rose to Rs 520.81 crore compared with Rs 291.98 crore.
Commenting on the results Opto Circuits Chairman and Managing Director Vinod Ramnani said: "The Opto Circuits Group has efficiently integrated the operations and functions of its US businesses, strengthening it further."
"Keeping in line with this, we have also restructured our medical equipment and interventional devices business segments to save cost and obtain operational efficiency. We are confident of achieving our growth objectives for the year," Ramnani added.
Shares of Opto Circuits today closed at Rs 275.10 on the BSE, up 0.55% from previous close.
