Opto Circuits slips 4% on poor Q1 show

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Revenue of the company declined to Rs 50.28 crore versus Rs 71.31 crore.




Share price of Opto Circuits Indiaslipped more than 4 percent in the early trade on August 20 on poor June quarter numbers.

The company's Q1 consolidated net profit fell 16 percent to Rs 10.8 crore versus Rs 12.95 crore in the same quarter last fiscal.

Revenue of the company declined to Rs 50.28 crore versus Rs 71.31 crore.


At 0932 hours, Opto Circuits India was quoting at Rs 4.25, down Rs 0.19, or 4.28 percent on the BSE.

The share touched its 52-week high Rs 13.41 and 52-week low Rs 2.95 on 21 August 2018 and 31 July 2019, respectively.

Currently, it is trading 68.31 percent below its 52-week high and 44.07 percent above its 52-week low.


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