Opto Circuits net profit at Rs 138 crore in Q1
The consolidated net sales also increased 37 per cent at Rs 715 crore in Q1FY 13 against Rs 521 crore in Q1 FY 12.
By PTI | Updated:
MUMBAI: Opto Circuits (India) Ltd ( OCI), a leading developer and manufacturer of medical equipment and interventional devices for the global markets, today said its net profit improved by 19 per cent to Rs 138 crore in Q1 FY 13 against Rs 116 crore in the same period last year.
The consolidated net sales also increased 37 per cent at Rs 715 crore in Q1FY 13 against Rs 521 crore in Q1 FY 12.
For Q1FY13, medical equipment contributed 82 per cent to the turnover, interventional devices contributed 18 per cent and non-medical businesses contributed 1 percent.
Vinod Ramnani, Chairman and Managing Director, said, "Both our businesses have performed in line with our expectations during the quarter. Our focus on emerging markets is paying off and is reflecting in our revenue growth."
The consolidated net sales also increased 37 per cent at Rs 715 crore in Q1FY 13 against Rs 521 crore in Q1 FY 12.
For Q1FY13, medical equipment contributed 82 per cent to the turnover, interventional devices contributed 18 per cent and non-medical businesses contributed 1 percent.
Vinod Ramnani, Chairman and Managing Director, said, "Both our businesses have performed in line with our expectations during the quarter. Our focus on emerging markets is paying off and is reflecting in our revenue growth."
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