Medical equipment maker Opto Circuits today reported its net profit rose by 15.61 per cent to Rs 77.37 crore for the quarter ended September 30.
The net profit of the company was Rs 66.92 crore in the same period last fiscal, Opto Circuits said in a filing to the Bombay Stock exchange (BSE).
Net sales during the second quarter this fiscal was at Rs 331.37 crore, as against Rs 255.73 crore for the corresponding period last fiscal, it added.
"Our businesses performed well during the quarter. Both our business segments continue to grow and our future plans are on track", Opto Circuits Chairman and Managing Director Vinod Ramnani said.
"We expect our continued focus on emerging markets to deliver similar drive and progress going forward", he added.
For the six months ended September 30 this year, the company posted a net profit Rs 160.47 crore as against Rs 126.13 crore for the same period last year.
Net sales of the company for the six months period stood at Rs 623.35 crore compared to Rs 486.09 crore for the same period last fiscal.
In October the company had said it planned to acquire US-based cardiology device maker Cardiac Science Corporation for an outgo of up to $85 million (about Rs 375 crore).
Both the companies are targeting a late Q4, 2010 closing for the merger.
Shares of Opto Circuits were trading at Rs 307.50 on BSE in the after noon trade, up 0.18 per cent from its previous close.
