Opto Circuits Ltd, a leading manufacturer of healthcare equipments, announced impressive financial performance during the fourth quarter ended March 2006 on account of better volumes and higher demand for product across categories. In view of better performance, the board of directors recommended liberal bonus share issue in the ratio of 1:1. Further, Board declared equity dividend of 40 per cent for the FY2005-06.

The company's net sales increased by 23.4 per cent to Rs 35.45 crore from Rs 28.71 crore in the corresponding period of last year. Its net profit has taken a quantum jump of 64 per cent and touched to Rs 11.81 core from Rs 7.17 crore. The earning per share worked out to Rs 4.41 as against Rs 4.01 in the similar period of last year.

Commenting on the performance, Vinod Ramnani, chairman and managing director, said, "Strategically, FY06 has been a year of significant milestones; we accessed new geographies and launched new products. We diversified into the global invasive medical business by acquiring EuroCor. We are looking to further strengthen our international presence with inorganic initiatives. Our exports will get a further boost with US FDA approval for our SPO2 sensors and the CE approval for our durg-eluting stents - Texcor, PTCA Balloons and guide wires."

For the full year ended March 2006 its net sales increased to Rs 116.04 crore from Rs 79.14 crore, a growth of 46.6 per cent. The net profit also moved up by 82.8 per cent to Rs 35.03 crore from Rs 19.16 crore. The earning per share of the full year worked out to Rs 13.07 as compared to Rs 10.66 in the last year.