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OPTO CIRCUITS Announces Quarterly Results (2QFY19); Net Profit Up 463.7%

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OPTO CIRCUITS Announces Quarterly Results (2QFY19); Net Profit Up 463.7%
Mon, 5 Nov

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

OPTO CIRCUITS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m549713659-7.6%20.0%
Other incomeRs m2621233.7%876.8%
TurnoverRs m551720680-5.5%23.4%
ExpensesRs m368544510-6.2%38.4%
Gross profitRs m80169149-12.1%85.5%
DepreciationRs m4227281.5%-34.2%
InterestRs m231640143.1%72.5%
Profit before taxRs m18132103-22.0%489.4%
TaxRs m1211472.2%872.7%
Profit after taxRs m1613092-29.1%463.7%
Gross profit margin%14.623.722.6
Effective tax rate%6.31.410.4
Net profit margin%3.018.113.6
* 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 20.0% on a year-on-year (YoY) basis. The expenses were up by 38.4% YoY during the same period.
  • The company's operating profit increased by 85.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.6% in 2QFY19 as against 14.6% in 2QFY18.
  • Depreciation charges declined by 34.2% and finance costs increased by 72.5% YoY, respectively.
  • Other income increased by 876.8% YoY during the quarter.
  • Net profit for the quarter increased by 463.7% YoY. Net profit margins during the quarter increased from 3.0% in 2QFY18 to 13.6% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.2% QoQ during the same period.
  • The company's operating profit declined by 12.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.6% in 2QFY19 as against 23.7% in 1QFY18.
  • Net profit for the quarter declined by 29.1% QoQ, while net profit margins declined from 18.1% in 1QFY18 to 13.6% in 2QFY19.

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 8.1 to Rs 9.9, registering a Gain of Rs 1.8 or around 21.8%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,026.6 (down 0.6%). Over the last one year it has moved down from 18,601.4 to 18,026.6, a gain of 575 points (down 3.1%).

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 9.9, the price to earnings (P/E) ratio of OPTO CIRCUITS stands at 5.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.3 times.

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