Healthcare equipment manufacturer Opto Circuits today said its consolidated net profit rose by 40.21 per cent to Rs 83.09 crore for the first quarter ended June 30, compared to the same period of the previous fiscal.
Net sales of the company rose to Rs 291.98 crore for the first quarter ended June 30, compared to Rs 230.35 crore in the same period of the corresponding fiscal, Opto Circuits (India) said in a filing to the Bombay Stock Exchange (BSE).
"The results meet our expectations. Both our business segments continue to grow and our future plans are on track," Opto Circuits (India) Chairman and Managing Director Vinod Ramnani said.
On a standalone basis, the company reported a net profit of 56.95 crore, compared to Rs 28.48 crore in the same period last fiscal.
The company posted net sales of Rs 127.49 crore on a standalone basis for the first quarter, compared to Rs 98.11 crore in the same period last fiscal.
Shares of Opto Circuits today closed at Rs 281.50 on the BSE, up 3.38 per cent from the previous close.
