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OPTO CIRCUITS Announces Quarterly Results (1QFY19); Net Profit Up 44.1%

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OPTO CIRCUITS Announces Quarterly Results (1QFY19); Net Profit Up 44.1%
Mon, 6 Aug

OPTO CIRCUITS has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

OPTO CIRCUITS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m4846647137.4%47.5%
Other incomeRs m15617.5%648.8%
TurnoverRs m4846707207.4%48.6%
ExpensesRs m4085295442.8%33.3%
Gross profitRs m14813516925.1%14.2%
DepreciationRs m323227-14.2%-14.3%
InterestRs m221162966.0%-25.6%
Profit before taxRs m9510913221.9%38.5%
TaxRs m51296.8%-62.6%
Profit after taxRs m9010813021.2%44.1%
Gross profit margin%30.720.423.7
Effective tax rate%5.20.91.4
Net profit margin%18.716.118.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 47.5% on a year-on-year (YoY) basis. The expenses were up by 33.3% YoY during the same period.
  • The company's operating profit increased by 14.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.7% in 1QFY19 as against 30.7% in 1QFY18.
  • Depreciation charges and finance costs declined by 14.3% YoY and 25.6% YoY, respectively.
  • Other income increased by 648.8% YoY during the quarter.
  • Net profit for the quarter increased by 44.1% YoY. Net profit margins during the quarter declined from 18.7% in 1QFY18 to 18.1% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.8% QoQ during the same period.
  • The company's operating profit increased by 25.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.7% in 1QFY19 as against 20.4% in 4QFY18.
  • Net profit for the quarter increased by 21.2% QoQ, while net profit margins increased from 16.1% in 4QFY18 to 18.1% in 1QFY19.

To see how OPTO CIRCUITS has performed over the last eight quarters, please visit here.

OPTO CIRCUITS Share Price Performance

Over the last one year, OPTO CIRCUITS share price has moved up from Rs 9.1 to Rs 12.5, registering a Gain of Rs 3.3 or around 36.5%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,365.9 (up 0.3%). Over the last one year it has moved up from 17,723.8 to 18,365.9, a gain of 642 points (up 3.6%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 12.5, the price to earnings (P/E) ratio of OPTO CIRCUITS stands at 9.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.3 times.

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