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OPTO CIRCUITS Announces Quarterly Results (4QFY19); Net Profit Up 2.7%

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OPTO CIRCUITS Announces Quarterly Results (4QFY19); Net Profit Up 2.7%
Thu, 6 Jun

OPTO CIRCUITS has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

OPTO CIRCUITS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m664664616-7.2%-7.3%
Other incomeRs m55860.2%48.2%
TurnoverRs m670669624-6.7%-6.8%
ExpensesRs m529489472-3.4%-10.7%
Gross profitRs m135175144-18.0%6.3%
DepreciationRs m32262912.7%-8.6%
InterestRs m158-1-101.4%-256.6%
Profit before taxRs m1099712428.0%14.1%
TaxRs m10131296.8%
Profit after taxRs m1089711014.0%2.7%
Gross profit margin%20.426.423.3
Effective tax rate%0.9-0.210.7
Net profit margin%16.114.517.7
* 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 fell 7.3% on a year-on-year (YoY) basis. The expenses were down by 10.7% YoY during the same period.
  • The company's operating profit increased by 6.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.3% in 4QFY19 as against 20.4% in 4QFY18.
  • Depreciation charges declined by 8.6% and finance costs declined by 256.6% YoY, respectively.
  • Other income increased by 48.2% YoY during the quarter.
  • Net profit for the quarter increased by 2.7% YoY. Net profit margins during the quarter increased from 16.1% in 4QFY18 to 17.7% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.4% QoQ during the same period.
  • The company's operating profit declined by 18.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.3% in 4QFY19 as against 26.4% in 3QFY18.
  • Net profit for the quarter increased by 14.0% QoQ, while net profit margins increased from 14.5% in 3QFY18 to 17.7% in 4QFY19.

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 10.0 to Rs 6.7, registering a Loss of Rs 3.3 or around 33.4%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 19,997.5 (down 0.5%). Over the last one year it has moved up from 18,350.9 to 19,997.5, a gain of 1,647 points (up 9.0%).

Overall, the S&P BSE SENSEX is up 14.2% over the year.

Current Valuations

At the current price of Rs 6.7, the price to earnings (P/E) ratio of OPTO CIRCUITS stands at 3.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.2 times.

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