UNITED  STATES
                     SECURITIES AND EXCHANGE COMMISSION
                          Washington,  D.C.    20549

                            Form  10 - Q
(Mark  One)

    X    QUARTERLY  REPORT  PURSUANT  TO  SECTION 13  OR  15(d) OF THE
  -----  SECURITIES EXCHANGE  ACT  OF  1934.
           For  the  period  ended  October 31,  1997.

         TRANSITION REPORT PURSUANT TO SECTION 13 OR  15  (d)  OF  THE  
  -----  SECURITIES EXCHANGE  ACT  OF  1934.
           For  the  transition  period  from    to    .
                                             ---    ---
                     Commission  file  number  0-15407

                         Circuit  Systems,  Inc.
          -------------------------------------------------------
         (Exact  name  of  registrant  as  specified  in  charter)

     Illinois                                          36-2663010
 ---------------------------------                    ----------------
(State  or  other  jurisdiction                      (I.R.S.  Employer
 of incorporation or organization)                 Identification No.)

2350 East Lunt Avenue, Elk Grove Village, Illinois              60007
--------------------------------------------------           ---------
(Address  of  principal  executive  offices)                (Zip Code)

(847)  439 - 1999
 ------------------------------           -----------------------------
(Registrant's  telephone  number,      (Former name, former address and
  including  area  code)                and former fiscal year, if
                                        changed since  last  report)

Indicate  by check  mark  whether the  registrant (1)  has  filed all  reports
required to be filed by  Section  13 or 15 (d) of  the Securities Exchange Act
of 1934 during  the preceding 12 months (or for such  shorter period  that the
registrant  was required to file  such reports), and (2)  has been subject  to
such  filing  requirements  for  the  past 90 days.  Yes  X      No     .
                                                         ----       ----

            APPLICABLE  ONLY  TO  ISSUERS  INVOLVED  IN  BANKRUPTCY
                PROCEEDING  DURING  THE  PRECEDING  FIVE  YEARS

Indicate  by check mark  whether the  registrant has  filed all documents  and
reports required to  be filed by Sections 12, 13, or 15 (d) of  the Securities
Exchange  Act of 1934  subsequent to  the distribution  of securities under  a
plan confirmed by a court.        Yes        No      .
                                      -----     -----
APPLICABLE ONLY TO CORPORATE ISSUERS:        Indicate  the  number  of  shares
outstanding of each of the issuer's classes of common stock,  as of the latest
practicable date:  December 3,  1997  4,877,373.

<PAGE>
                            CIRCUIT  SYSTEMS,  INC.
                               AND  SUBSIDIARIES

                                     INDEX


                                                                     Page
                                                                    Number
PART   I.              FINANCIAL  INFORMATION

     1.  Financial  Statements

           Consolidated Condensed Balance Sheets  ..................   3

           Consolidated Condensed Statements of Operations  ........   4

           Consolidated Condensed Statement of Cash Flows  .........   5

           Notes to Consolidated Condensed Financial Statements  ...   6

     2.  Management's Discussion and Analysis of Financial Condition
           and Results of Operations   .............................   7


PART  II.  OTHER  INFORMATION

         Item  6.    Exhibits and Reports on Form 8-K  .............   9


<PAGE>
                           
                           CIRCUIT  SYSTEMS,  INC.
                              AND  SUBSIDIARIES
                   CONSOLIDATED CONDENSED  BALANCE  SHEETS
                                (UNAUDITED)

<TABLE>
                                            4/30/97        10/31/97
                                          -----------     -----------
<S>                                      <C>             <C>
     ASSETS
CURRENT  ASSETS                         
  CASH  AND  CASH  EQUIVALENTS  ........  $   294,204     $   634,573
  ACCOUNTS  RECEIVABLE,  LESS
    ALLOWANCE  OF  $500,000   ..........    6,561,782      12,431,808
  INVENTORIES
    RAW MATERIALS   ....................    2,797,845       2,974,227
    WORK  IN  PROCESS   ................    2,129,627       3,417,282
    FINISHED  GOODS   ..................    1,709,349       2,436,347
                                          -----------      ----------
                                            6,636,821       8,827,856

  DEFERRED  INCOME  TAXES   ............      363,000         363,000
  PREPAID  EXPENSES   ..................      215,674         199,826
                                          -----------      ----------
       TOTAL  CURRENT  ASSETS  .........   14,071,481      22,457,063

INVESTMENT  IN  AFFILIATE    ...........    2,841,193       2,919,681

PROPERTY,  PLANT,  AND  EQUIPMENT  -  AT  COST

  BUILDING  AND  IMPROVEMENTS   ........    9,446,475      13,511,918
  MACHINERY  AND  EQUIPMENT   ..........   33,871,214      40,620,526
  AUTOMOTIVE  EQUIPMENT   ..............       83,796          72,304
                                           ----------      ----------
                                           43,401,485      54,204,748
    LESS  ACCUMULATED  DEPRECIATION        18,442,154      20,601,013
                                           ----------      ----------
                                           24,959,331      33,603,735
  LAND   ...............................    2,814,613       2,981,425
                                           ----------      ----------
                                           27,773,944      36,585,160
OTHER  ASSETS
  DEPOSITS  AND  SUNDRY   ..............    1,071,481       1,187,435
                                           ----------      ----------
                                          $45,758,099     $63,149,339
                                           ==========      ==========
</TABLE>
<PAGE>
<TABLE>

    LIABILITIES  AND  SHAREHOLDERS'  EQUITY
<S>                                      <C>             <C>
CURRENT  LIABILITIES
  CURRENT MATURITIES OF L/T OBLIGATIONS   $ 4,662,289     $ 6,085,455 
  ACCOUNTS  PAYABLE   ..................    4,095,791       6,450,162
  ACCRUED  LIABILITIES   ...............    1,193,969       1,154,960
  INCOME  TAXES  PAYABLE   .............      384,745         350,000 
                                           ----------      ----------
       TOTAL  CURRENT  LIABILITIES         10,336,794      14,040,577

LONG - TERM  OBLIGATIONS   .............   10,640,363      25,798,602
DEFERRED  INCOME  TAXES   ..............    1,848,000       1,784,000
MINORITY INTEREST   ....................      471,246         432,101

SHAREHOLDERS'  EQUITY
  COMMON  STOCK   ......................    2,882,322       2,773,037
  RETAINED  EARNINGS   .................   19,596,240      18,344,172
  CUMULATIVE FOREIGN CURRENCY
    TRANSLATION ADJUSTMENT   ...........      (16,866)        (23,150)
                                           ----------      ----------
                                           22,461,696      21,094,059
                                           ----------      ----------
                                          $45,758,099     $63,149,339
                                           ==========      ==========
</TABLE>
 THE  ACCOMPANYING  NOTES  ARE  AN  INTEGRAL  PART  OF  THESE  STATEMENTS
<PAGE>
                                                 
                            CIRCUIT  SYSTEMS,  INC.
                              AND  SUBSIDIARIES
                CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
                                (UNAUDITED)
<TABLE>

                              THREE MONTHS ENDED        SIX  MONTHS  ENDED
                             10/31/96     10/31/97     10/31/96     10/31/97
                            ----------   ----------   ----------   ----------
<S>                        <C>          <C>          <C>          <C>
NET  SALES  .............. $18,399,817  $20,473,136  $32,735,227  $33,395,754

COST OF GOODS SOLD  ......  16,326,328   18,242,125   28,704,849   30,525,683
                            ----------   ----------   ----------   ----------
    GROSS PROFIT .........   2,073,489    2,231,011    4,030,378    2,870,071

SALES & MARKETING EXPENSES     864,119      729,079    1,553,793    1,369,168
ADMINISTRATIVE  EXPENSES ..    656,692      645,503    1,407,533    1,233,858
                            ----------   ----------   ----------   ----------
                             1,520,811    1,374,582    2,961,326    2,603,026

    OPERATING INCOME  .....    552,678      856,429    1,069,052      267,045

OTHER (INCOME) DEDUCTIONS
   INTEREST EXPENSE  ......    391,863      661,164      760,508    1,016,157
   GAIN ON SALE OF EQUIPMENT     ---           (325)       ---           (325)
   EQUITY IN  EARNINGS  OF
    UNCONSOLIDATED AFFILIATE  (261,810)     (45,960)    (393,658)     (78,488)
   MINORITY INTEREST IN LOSS
      OF SUBSIDIARY   ......     ---        (22,817)       ---        (51,192)
   RENTAL INCOME   .........   (78,600)    (118,460)    (156,600)    (209,320)
   SUNDRY   ................   (17,919)      (1,827)     (24,104)     (20,155)
                             ---------   ----------    ---------    ---------
                                33,534      471,775      186,146      656,677
     EARNINGS (LOSS) BEFORE
            INCOME TAXES       519,144      384,654      882,906     (389,632)

   INCOME  TAXES  .........    199,400      168,000      339,000     (104,000)
                             ---------   ----------    ----------   ---------
    NET EARNINGS (LOSS) ... $  319,744  $   216,654   $   543,906  $ (285,632)
                             =========   ==========    ==========   =========

PER  SHARE  DATA
 NET EARNINGS (LOSS) PER SHARE   $0.06        $0.04         $0.10      ($0.06)

 WEIGHTED AVERAGE NUMBER OF
    SHARES  OUTSTANDING      5,357,977    5,045,038     5,371,141   5,088,115

</TABLE>
      THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE STATEMENTS
<PAGE>
                            CIRCUIT  SYSTEMS,  INC.
                               AND  SUBSIDIARIES
                   CONSOLIDATED  STATEMENTS  OF  CASH  FLOWS
                                  (UNAUDITED)
<TABLE>

                                                     SIX  MONTHS  ENDED
                                                   10/31/96        10/31/97
                                                 -----------     -----------
<S>                                             <C>           <C>
CASH  FLOWS  FROM  OPERATING  ACTIVITIES:

 NET  EARNINGS   (LOSS)   ....................   $   543,906   $    (502,286)

 ADJUSTMENTS TO RECONCILE NET EARNINGS (LOSS) TO
   NET CASH PROVIDED BY OPERATING ACTIVITIES:
   DEPRECIATION   ............................     1,860,000         979,320
   GAIN  ON  SALE  OF  EQUIPMENT  ............          --              (325)
   MINORITY  INTEREST  IN  LOSS  OF  SUBSIDIARY         --           (51,192)
   DEFERRED  INCOME  TAXES   .................        48,000         (64,000)
   EQUITY IN EARNINGS OF UNCONSOLIDATED AFFILIATE   (393,658)        (78,488)

 CHANGES  IN  ASSETS  AND  LIABILITIES,
   NET OF EFFECTS FROM ACQUISITION
   ACCOUNTS  RECEIVABLE   ....................    (2,207,669)     (5,870,026)
   INVENTORIES   .............................      (174,165)     (1,521,035)
   PREPAID  EXPENSES   .......................        35,095          15,848
   OTHER  ASSETS   ...........................        32,202        (115,954)
   ACCOUNTS  PAYABLE  AND  ACCRUED  LIABILITIES    2,380,225       2,280,617
                                                  ----------      ----------  
       TOTAL  ADJUSTMENTS  ...................     1,580,030      (3,238,496)
                                                  ----------      ----------
 NET CASH PROVIDED BY (USED IN) OPERATIONS         2,123,936      (3,524,128)

  CASH  FLOWS  FROM  INVESTING  ACTIVITIES
   CAPITAL  EXPENDITURES   ...................    (2,008,880)     (1,497,275)
   MINORITY  INTEREST  CAPITAL  CONTRIBUTION .
        TO  SUBSIDIARY   .....................          --            12,047
   PAYMENT FOR PURCHASE OF PRINTED CIRCUIT BOARD
        OPERATION OF PHILLIPS  ...............          --       (10,150,000)
   PROCEEDS  FROM  SALE  OF  EQUIPMENT  ......          --               325
                                                  ----------      ----------
       NET CASH USED IN INVESTING ACTIVITIES .    (2,008,880)    (10,588,933)

</TABLE>
<PAGE>
<TABLE>
 <S>                                            <C>              <C>
  CASH  FLOWS  FROM  FINANCING  ACTIVITIES
   NET  BORROWINGS  UNDER  LINE  OF  CREDIT ..       264,335       8,331,778
   REPURCHASE  OF  COMMON  STOCK   ...........         --         (1,075,721)
   PROCEEDS  FROM  LONG - TERM  OBLIGATIONS ..     1,500,000      10,898,632
   PAYMENTS  ON  LONG - TERM  OBLIGATIONS ....    (1,819,705)     (2,649,005)
                                                   ---------       ---------
       NET  CASH  (USED IN)  PROVIDED BY
         FINANCING ACTIVITIES   ..............       (55,370)     15,505,684

  EFFECT  OF  FOREIGN  EXCHANGE  RATE  CHANGES         --             (6,284)
                                                  ----------      ----------
  (DECREASE) INCREASE IN  CASH  ..............        59,686         340,369
    
  CASH  AT  THE  BEGINNING  OF  THE  PERIOD          243,269         294,204
                                                  ----------      ----------
  CASH  AT  THE  END  OF  THE  PERIOD            $   302,955    $    634,573
                                                  ==========      ==========

SUPPLEMENTAL  DISCLOSURES  OF  CASH  FLOW  INFORMATION:
  CASH  PAID  DURING  THE   PERIOD  FOR:
      INTEREST   .............................   $   722,472    $  1,001,514
      INCOME  TAXES   ........................       465,000         320,227

</TABLE>
    THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE STATEMENTS
<PAGE>
                             
                       CIRCUIT SYSTEMS,  INC.
                          AND  SUBSIDIARIES

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                             (UNAUDITED)

   1.  These  interim Consolidated Condensed Financial  Statements
       should  be  read  in  conjunction  with  the   Consolidated
       Financial  Statements and notes  included in the  Company's
       April 30, 1997 Annual Report and Form 10-K.

   2.  In  the opinion of the Company, the accompanying  unaudited
       condensed  consolidated financial information reflects  all
       adjustments (consisting only of normal recurring  accruals)
       necessary  for  a  fair  presentation  of  the   statements
       contained herein.

   3.  These  consolidated statements are presented in  accordance
       with  the requirements of  Form 10-Q  and consequently  may
       not include all disclosures normally required by  generally
       accepted   accounting  principles  normally  made  in   the
       Company's Annual Report and Form 10-K.

   4.  Effective  July 28, 1997, the  Company, through a  recently
       formed   affiliate,  Circuit   Systems  of   Tennessee,   a
       Tennessee  limited partnership  ("CST, LP"),  acquired  the
       printed   circuit  board  operation  of  Philips   Consumer
       Electronics  Company  ("Philips"), a  division  of  Philips
       Electronics  North America  Corporation.   The  acquisition
       consisted  of inventory, machinery and equipment, land  and
       building  for an aggregate  cost of $10,150,000,  including
       direct costs of acquisition.

             The purchase price was allocated as follow:
                 Inventory                            $670,000
                 Machinery and equipment             5,480,000
                 Building                            3,845,000
                 Land                                  155,000
                                                    ----------
                                                 $  10,150,000
                                                    ==========
             The purchase  was funded  through term  and  mortgage
       notes   with  the   Company's  commercial   lender.     The
       acquisition  has been accounted for  as a purchase and  the
       operations  have been  included from the effective date  of
       the acquisition.  In addition, CST, LP and Philips  entered
       into a printed circuit board ("PCB") purchase agreement  in
       which  CST, LP will manufacture and sell to Philips all  of
       its  television PCB requirements  for North  America for  a
       minimum of two years.

   5.   Effective November 24, 1997, the Company acquired certain of
        the PCB assets of Zenith Electronics Corporation ("Zenith") for
        $625,000, which was funded by a secured installment note
        with the Company's commercial lender. The Company intends to
        move necessary equipment into its existing Elk Grove Village,
        Illinois and Greeneville, Tennessee facilities.

        In addition, the Company and Zenith entered into PCB purchase
        agreement whereby the Company will supply Zenith with 100% of
        the PCB's which were previously produced by Zenith's Kostner 
        Avenue, Chicago facility & a minimum of 50% of any newly
        designed PCB's for a period of two years, subject to competitive
        pricing requirements.

<PAGE>
                        CIRCUIT  SYSTEMS,  INC.
                          AND  SUBSIDIARIES

               MANAGEMENT'S  DISCUSSION  AND  ANALYSIS
        OF  FINANCIAL  CONDITION  AND  RESULTS  OF OPERATIONS

   Note:     To the extent any statements in this Form 10-Q may  be
   deemed to be forwardlooking, such statements should be evaluated
   in the context of  the risks and  uncertainties inherent in  the
   Company's business, including those risks and uncertainties  set
   forth in  the Company's  Annual Report  and  Form 10-K  for  the
   fiscal year ended April 30, 1997.

   Effective July 28, 1997, the Company, through a recently  formed
   affiliate, Circuit  Systems of  Tennessee, a  Tennessee  limited
   partnership ("CST, LP"),  acquired the  printed  circuit  board
   operation of Philips Consumer Electronics Company ("Philips"), a
   division of Philips Electronics North America Corporation.   The
   acquisition consisted  of  inventory, machinery  and  equipment,
   land  and  building  for  an  aggregate  cost  of   $10,150,000,
   including the direct  costs of  acquisition.   The purchase  was
   funded through  term  and  mortgage  notes  with  the  Company's
   commercial lender.  The acquisition has been accounted for as  a
   purchase and the results of  operations have been included  from
   the effective date of the acquisition.

   Reference to  "Circuit Systems"  in this  discussion relates  to
   Illinois operations only.

   The net  sales  for the  quarter  ended October  31,  1997  were
   $20,473,000, increasing  by 11%  from $18,400,000  for the  same
   quarter last  year.    The  increase in  sales  is  due  to  the
   inclusion of    CST,  LP and  Circuit  Systems  (India)  Limited
   ("CSIL")  which  were  $5,992,000  and  $105,000,  respectively.
   Circuit Systems' sales accounted  for $14,376,000 or a  decrease
   of 22% when compared  to $18,400,000 for  the same quarter  last
   year.   Net sales  to five  individual customers  accounted  for
   approximately 78%,  of  which    SigmaTron  International,  Inc.
   ("SigmaTron") and Philips accounted for 8% and 24%, respectively
   compared to the same period last  year in which three  customers
   including SigmaTron  accounted  for  approximately  59%  of  net
   sales.  The gross profit for the quarter was $2,231,000 or 10.9%
   of net sales, compared to $2,073,000  or 11.3% of net sales  for
   the same quarter last year.   Circuit Systems and CST, LP had  a
   gross profit of 6.9% and 21.0%,  respectively, while CSIL had  a
   gross deficit of 13.1%.  The lower gross profit is attributed to
   very competitive  pricing,  lower  sales  volume  and  operating
   inefficiencies at Circuit Systems.  In addition, a reduction  in
   sales for Circuit Systems  prevented the Company from  covering
   fixed  expenses  associated   with  the   overall  increase   in
   production equipment/capacity, as well as the start-up of  CSIL.
   These factors  in  effect  caused  expenses  to  increase  as  a
   percentage of sales.

<PAGE>
                       CIRCUIT  SYSTEMS,  INC.
                          AND  SUBSIDIARIES

               MANAGEMENT'S  DISCUSSION  AND  ANALYSIS
        OF  FINANCIAL  CONDITION  AND  RESULTS  OF OPERATIONS
                           ( CONTINUED )
   
   The net sales  for the six  months ended October  31, 1997  were
   $33,396,000, increasing  by 2%  from  $32,735,000 for  the  same
   period last year.  The increase in sales is due to the inclusion
   of CST,  LP  and  CSIL,  which  were  $6,262,000  and  $173,000,
   respectively.  Circuit Systems' sales accounted for  $26,961,000
   or a decrease of 18% when  compared to $32,735,000 for the  same
   period  last  year.  Net  sales  to  four  individual  customers
   accounted for approximately 66%, of which SigmaTron and  Philips
   accounted for 9% and  14%, respectively,   compared to the  same
   period last year  in which three  customers including  SigmaTron
   accounted for approximately 55% of net sales.  The gross  profit
   for the six months ended October 31, 1997 was $2,870,000 or 8.6%
   of net sales, compared to $4,030,000  or 12.3% of net sales  for
   the same period in the prior year.  Circuit Systems and CST,  LP
   had a gross profit of 6.0%  and 20.6%, respectively, while  CSIL
   had a gross  deficit of 21.0%.  The gross profit for the Company
   was affected by the same factors as noted above.

   Sales and marketing, and  administrative expenses for the  three
   and six months ended October 31,  1997, were $1,375,000 or  6.7%
   of net sales and $2,603,000 or 7.8% of net sales,  respectively,
   compared to $1,521,000 or  8.3% of net  sales and $2,961,000  or
   9.0% of net sales, respectively, for the same periods last year.
   The decrease in the  expenses as a percentage  of  net sales  is
   due  to  current  CST,  LP   current customer base sales is  not  
   subject to commissions, and a  decrease in professional  fees and 
   bad debt expense.  These  were partly offset  by administrative  
   expenses related to CSIL and an increase in salaries.

   Other deductions-net for the three and six months ended  October
   31, 1997, were $472,000 and $657,000, respectively, compared  to
   $34,000 and $186,000, respectively, for the same periods in  the
   prior  year.    Interest  expense  increased  to  $661,000   and
   $1,016,000, respectively,  in  1997, compared  to  $392,000  and
   $761,000, respectively, for  the same  periods last  year.   The
   increase is due to CST, LP's debt load and increased  borrowings
   under the line-of-credit.   Rental income increased to  $118,000
   and $209,000  for the  three and  six months  ended October  31,
   1997, compared  to $79,000  and $157,000,  respectively for  the
   same periods  last  year.    The  increase  is  due  to  renting
   additional space at the  2450 E. Lunt location.   The equity  in
   the net  earnings of  the unconsolidated  affiliate,  SigmaTron,
   decreased to $46,000 and  $78,000 for the  three and six  months
   ended October  31,  1997,  compared to  $262,000  and  $394,000,
   respectively, for the same periods last year.   The decrease  of
   SigmaTron's net  earnings  for the  current  year is  due  to  a
   decline in revenues from the current customer base.

   The effective income tax rate for  the six months ended  October
   31, 1997 is (26.7)%,  compared to the 1996  rate of 38.4%.   The
   lower effective tax rate  is due to  the inability to  recognize
   the tax effects of certain foreign net operating losses.
<PAGE>
                       CIRCUIT  SYSTEMS,  INC.
                          AND  SUBSIDIARIES

               MANAGEMENT'S  DISCUSSION  AND  ANALYSIS
        OF FINANCIAL CONDITION & RESULTS OF OPERATIONS (CONTINUED)

   The net earnings  and earnings per  share for  the three  months
   ended October 31,  1997, were $217,000  or $.04,  while the  six
   months ended October 31, 1997 reflected a net loss and loss per
   share of $286,000 or $.06 compared to net earnings and  earnings
   per share of $320,000 or $.06 and $544,000 or $.10 for the three
   and six month periods in the prior year.

   LIQUIDITY  AND  CAPITAL  RESOURCES

   The  Company's  financial  requirements  were  met  through   an
   increase in long-term obligations and borrowings under the  line
   of credit.

   For the  six months  ended October  31, 1997,  the cost  of  the
   Philips  acquisition  of   $10,150,000,  increase  in   accounts
   receivable of $5,870,000, payments  on long-term obligations  of
   $2,649,000,  increase  in  inventories  of  $1,521,000,  capital
   expenditures of $1,497,000 and  the repurchase of Company  stock
   of $1,076,000 were funded by proceeds from long-term obligations
   of  $10,899,000,  net  borrowings  on  the  line  of  credit  of
   $8,332,000 and  the increase  in  accounts payable  and  accrued
   liabilities of $2,281,000.

   The Company has purchase commitments as  of October 31, 1997  of
   approximately $2,300,000 for future deliveries of machinery  and
   equipment and $350,000 for building improvements to the 2400  E.
   Lunt Avenue  property.   The  Company  intends to  finance  such
   purchases through  collateralized borrowing,  installment  loans
   and existing cash flow.

   Effective November 24, 1997, the Company acquired certain of the
   PCB assets  of  Zenith Electronics  Corporation  ("Zenith")  for
   $625,000, which was  funded by a  secured installment note  with
   the Company's commercial  lender.  The  Company intends to  move
   necessary  equipment  into  its  existing  Elk  Grove   Village,
   Illinois and Greeneville,  Tennessee facilities.   In  addition,
   the Company entered  into a PCB  purchase agreement whereby  the
   Company will supply  Zenith with 100%  of the  PCB's which  were
   previously produced by Zenith's Kostner Avenue, Chicago facility
   and a minimum of 50% of any newly designed PCB's for a period of
   two years, subject to competitive pricing requirements.   From
   November through December 3, 1997, the Company repurchased 87,000 
   of its common stock for $404,000.

   The Company's  backlog at  October  31, 1997,  is  approximately
   $18,615,000 which includes approximately $6,230,000 for CST,  LP
   (which  is  primarily   product  for  Philips)     compared   to
   $14,136,000 at October  31, 1996.   CST,  LP backlog  represents
   orders scheduled to be  shipped within approximately six  months
   while CSI backlog is scheduled to  be shipped in four months  or
   less.   The reliability  of backlog  as an  indicator of  future
   sales varies substantially  with makeup of  customer orders  and
   the Company's scheduled production and delivery dates.
<PAGE>

                       CIRCUIT  SYSTEMS,  INC.
                          AND  SUBSIDIARIES

                   PART  2  -   OTHER  INFORMATION


   Item  6.    Exhibits and reports on Form 8-K

               (a)  Exhibits

                    Exhibit 11 -  Calculation of Primary and Fully
                                    Diluted Per Share Earnings (Loss)

               (b)  Reports on Form 8-K

                    Form 8-K filed August 8, 1997, regarding the
                    acquisition of the printed circuit board
                    manufacturing operation of Philips Consumer
                    Electronics Company, a division of Philips
                    North America Operation.

                    Form 8-K/A filed October 6, 1997, amending the 8-K
                    filed on August 8, 1997.


<PAGE>
<TABLE>
    Exhibit  11
                       CIRCUIT  SYSTEMS,  INC.
                         AND   SUBSIDIARIES
               COMPUTATION  OF   PER  SHARE  EARNINGS (LOSS)


<S>                                <C>        <C>        <C>        <C>
                                      THREE MONTHS ENDED     SIX MONTHS ENDED
    PRIMARY   EPS                     10/31/96   10/31/97   10/31/96  10/31/97
                                    ---------- ----------  ---------  --------
WEIGHTED AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING
DURING THE PERIOD                   5,321,973  5,015,741  5,321,973  5,056,792

NET ADDITIONAL SHARES ASSUMING
DILUTIVE STOCK OPTIONS EXERCISED &
PROCEEDS USED TO PURCHASE TREASURY
SHARES AT AVERAGE FAIR MARKET VALUE    36,004     29,297     49,168     31,323
                                    ---------   --------   --------  ---------

WEIGHTED AVERAGE NUMBER OF
COMMON SHARES & COMMON EQUIVALENT
SHARES OUTSTANDING                  5,357,977  5,045,038  5,371,141  5,088,115
                                    =========  =========  =========  =========
NET EARNINGS (LOSS)  ............. $  319,774  $ 216,654 $  543,906 $(285,632)
                                    =========  =========  =========  =========
PRIMARY EARNINGS (LOSS) PER SHARE       $0.06      $0.04      $0.10    ($0.06)
                                    =========  =========  =========  =========

     FULLY  DILUTED  EPS

WEIGHTED AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING
DURING THE PERIOD                   5,321,973  5,015,741  5,321,973  5,056,792

NET ADDITIONAL SHARES ASSUMING
DILUTIVE STOCK OPTIONS EXERCISED &
PROCEEDS USED TO PURCHASE TREASURY
SHARES AT FAIR MARKET VALUE (OR
AVERAGE FAIR MARKET VALUE
IF HIGHER)                             36,004     29,297     49,168     31,323
                                    ---------   --------   --------  ---------

WEIGHTED AVERAGE NUMBER OF
COMMON SHARES & COMMON EQUIVALENT
SHARES OUTSTANDING                  5,357,977  5,045,038  5,371,141  5,088,115
                                    =========  =========  =========  =========
NET EARNINGS (LOSS)  ............. $  319,774  $ 216,654 $  543,906 $(285,632)
                                    =========  =========  =========  =========
PRIMARY EARNINGS (LOSS) PER SHARE       $0.06      $0.04      $0.10    ($0.06)
                                    =========  =========  =========  =========
</TABLE>
<PAGE>
                                                                            
                  
                       CIRCUIT  SYSTEMS,  INC.
                          AND  SUBSIDIARIES



                             SIGNATURES





   Pursuant to the requirements of the Securities Exchange Act of
   1934, the registrant has duly caused this report to be signed
   on its behalf by the undersigned, registrant's principal
   financial officer, thereunto duly authorized.


                                                  Circuit Systems, Inc.
                                                     (registrant)

                                                     Dilip  S. Vyas
                                                  ----------------------
                                                     Dilip  S. Vyas

                                              (Principal Financial Officer)


   December  11, 1997