Opto Circuits plunges on poor Q1FY20 results

Opto Circuits has reported its numbers for the latest quarter ending June, 2019. Shares of the company tumbled 9 per cent at closing hours on Tuesday.

Opto Circuits (India) Ltd. is a global medical devices and technology group with a diversified product portfolio, has declared its financial results for the quarter ended June 2019.

On a consolidated basis, total revenue from operations declined to Rs 50.28 crore versus 71.31 crore while EBITDA was at Rs 13.63 crore. EBITDA Margin improved by 337 bps y-o-y to 27.1 per cent. Interest cost declined to Rs 0.50 crore as compared to Rs 1.62 crore in Q1FY19. Profit after tax was at Rs 10.86 crore down 16 per cent YoY while PAT Margin improved by 332 bps YoY to 21.6 per cent.

The shares of the company on Tuesday opened at Rs. 4.88 against Moday’s close of Rs.4.44. At closing hours, it was trading at Rs.4, 9.91 per cent lower than its previous close. The stock hit an intraday high of Rs. 4.88 and intraday low was Rs. 4.00. Its 52-week high was Rs. 5.31 and 52-week low was Rs. 2.95 per share on the BSE.