OPTO CIRCUITS Announces Quarterly Results (3QFY19); Net Profit Up 20.3%

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OPTO CIRCUITS Announces Quarterly Results (3QFY19); Net Profit Up 20.3%
Tue, 26 Feb

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

OPTO CIRCUITS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m5876596640.8%13.2%
Other incomeRs m4215-76.4%43.2%
TurnoverRs m590680669-1.6%13.4%
ExpensesRs m459510489-4.2%6.5%
Gross profitRs m12814917517.9%37.2%
DepreciationRs m372826-6.8%-29.7%
InterestRs m12405847.0%371.3%
Profit before taxRs m8210397-6.3%17.3%
TaxRs m2110-101.8%-109.8%
Profit after taxRs m8192974.8%20.3%
Gross profit margin%21.822.626.4
Effective tax rate%2.410.4-0.2
Net profit margin%13.613.614.5
* 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 13.2% on a year-on-year (YoY) basis. The expenses were up by 6.5% YoY during the same period.
  • The company's operating profit increased by 37.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.4% in 3QFY19 as against 21.8% in 3QFY18.
  • Depreciation charges declined by 29.7% and finance costs increased by 371.3% YoY, respectively.
  • Other income increased by 43.2% YoY during the quarter.
  • Net profit for the quarter increased by 20.3% YoY. Net profit margins during the quarter increased from 13.6% in 3QFY18 to 14.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.2% QoQ during the same period.
  • The company's operating profit increased by 17.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.4% in 3QFY19 as against 22.6% in 2QFY18.
  • Net profit for the quarter increased by 4.8% QoQ, while net profit margins increased from 13.5% in 2QFY18 to 14.5% in 3QFY19.

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 9.3 to Rs 7.9, registering a Loss of Rs 1.5 or around 15.8%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,581.1 (down 1.5%). Over the last one year it has moved down from 19,236.9 to 16,581.1, a gain of 2,656 points (down 13.8%).

Overall, the S&P BSE SENSEX is up 3.9% over the year.

Current Valuations

At the current price of Rs 7.9, the price to earnings (P/E) ratio of OPTO CIRCUITS stands at 4.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.2 times.

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