Net profit of Opto Circuits (India) declined 95.46% to Rs 0.49 crore in the quarter ended June 2020 as against Rs 10.80 crore during the previous quarter ended June 2019. Sales declined 60.56% to Rs 19.83 crore in the quarter ended June 2020 as against Rs 50.28 crore during the previous quarter ended June 2019.

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Opto Circuits (India) will hold a meeting of the Board of Directors of the Company on 14 September 2020.

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Opto Circuits (India) Ltd fell 4.57% today to trade at Rs 10.45. The S&P BSE Healthcare index is down 0.31% to quote at 17071.47. The index is up 5.33 % over last one month. Among the other constituents of the index, Glenmark Pharmaceuticals Ltd decreased 3.41% and Sun Pharmaceuticals Industries Ltd lost 2.59% on the day. The S&P BSE Healthcare index went up 33.66 % over last one year compared to the 2.49% fall in benchmark SENSEX.

Opto Circuits (India) Ltd has lost 14.83% over last one month compared to 5.33% gain in S&P BSE Healthcare index and 7.63% rise in the SENSEX. On the BSE, 1545 shares were traded in the counter so far compared with average daily volumes of 6.78 lakh shares in the past one month. The stock hit a record high of Rs 19.85 on 03 Jul 2020. The stock hit a 52-week low of Rs 1.45 on 26 Mar 2020.

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Net loss of Opto Circuits (India) reported to Rs 116.41 crore in the quarter ended March 2020 as against net profit of Rs 11.13 crore during the previous quarter ended March 2019. Sales declined 43.39% to Rs 34.88 crore in the quarter ended March 2020 as against Rs 61.61 crore during the previous quarter ended March 2019.

For the full year,net loss reported to Rs 1367.87 crore in the year ended March 2020 as against net profit of Rs 51.38 crore during the previous year ended March 2019. Sales declined 30.10% to Rs 178.65 crore in the year ended March 2020 as against Rs 255.58 crore during the previous year ended March 2019.

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