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  July  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:  August 31, 1997   5,029,273.
<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         7/31/97
                                          -----------     -----------
<S>                                      <C>             <C>
     ASSETS
CURRENT  ASSETS                         
  CASH  AND  CASH  EQUIVALENTS  ........  $   294,204     $   323,641
  ACCOUNTS  RECEIVABLE,  LESS
    ALLOWANCE  OF  $500,000   ..........    6,561,782       6,026,264
  INVENTORIES
    RAW MATERIALS   ....................    2,797,845       2,745,598
    WORK  IN  PROCESS   ................    2,129,627       2,371,176
    FINISHED  GOODS   ..................    1,709,349       2,056,064
                                          -----------      ----------
                                            6,636,821       7,172,838

  DEFERRED  INCOME  TAXES   ............      363,000         363,000
  PREPAID  EXPENSES   ..................      215,674         212,312
                                          -----------      ----------
       TOTAL  CURRENT  ASSETS  .........   14,071,481      14,098,055

INVESTMENT  IN  AFFILIATE    ...........    2,841,193       2,873,721

PROPERTY,  PLANT,  AND  EQUIPMENT  -  AT  COST

  BUILDING  AND  IMPROVEMENTS   ........    9,446,475      13,322,236
  MACHINERY  AND  EQUIPMENT   ..........   33,871,214      39,799,065
  AUTOMOTIVE  EQUIPMENT   ..............       83,796          72,469
                                           ----------      ----------
                                           43,401,485      53,193,770
    LESS  ACCUMULATED  DEPRECIATION        18,442,154      19,414,274
                                           ----------      ----------
                                           24,959,331      33,779,496
  LAND   ...............................    2,814,613       2,971,297
                                           ----------      ----------
                                           27,773,944      36,750,793
OTHER  ASSETS
  DEPOSITS  AND  SUNDRY   ..............    1,071,481       1,454,168
                                           ----------      ----------
                                          $45,758,099     $55,176,737
                                           ==========      ==========
</TABLE>
<PAGE>
<TABLE>

    LIABILITIES  AND  SHAREHOLDERS'  EQUITY
<S>                                      <C>             <C>
CURRENT  LIABILITIES
  CURRENT MATURITIES OF L/T OBLIGATIONS   $ 4,662,289     $ 5,862,490 
  ACCOUNTS  PAYABLE   ..................    4,095,791       4,330,188
  ACCRUED  LIABILITIES   ...............    1,193,969       1,497,935
  INCOME  TAXES  PAYABLE   .............      384,745           --
                                           ----------      ----------
       TOTAL  CURRENT  LIABILITIES         10,336,794      11,690,613

LONG - TERM  OBLIGATIONS   .............   10,640,363      19,884,877
DEFERRED  INCOME  TAXES   ..............    1,848,000       1,810,000
MINORITY INTEREST   ....................      471,246         459,782

SHAREHOLDERS'  EQUITY
  COMMON  STOCK   ......................    2,882,322       2,820,937
  RETAINED  EARNINGS   .................   19,596,240      18,522,327
  CUMULATIVE FOREIGN CURRENCY
    TRANSLATION ADJUSTMENT   ...........      (16,866)        (11,799)
                                           ----------      ----------
                                           22,461,696      21,331,465
                                           ----------      ----------
                                          $45,758,099     $55,176,737
                                           ==========      ==========
</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                    
                                          7/31/96             7/31/97
                                        -----------         -----------
<S>                                   <C>                 <C>
NET  SALES   .....................     $ 14,335,410        $ 12,922,618

COST  OF  GOODS  SOLD   ..........       12,378,521          12,283,558
                                         ----------          ----------
  GROSS  PROFIT   ................        1,956,889             639,060

SALES  AND  MARKETING  EXPENSES ..          689,674             640,089
ADMINISTRATIVE  EXPENSES  ........          750,841             588,355
                                         ----------          ----------
                                          1,440,515           1,228,444
                                         ----------          ----------
  OPERATING  INCOME (LOSS)                  516,374            (589,384)

OTHER   (INCOME)  DEDUCTIONS
  INTEREST  EXPENSE   ............          368,645             354,993
  EQUITY IN  EARNINGS  OF
    UNCONSOLIDATED   AFFILIATE ...         (131,848)            (32,528)
  MINORITY  INTEREST IN LOSS
    OF SUBSIDIARY   ..............             --               (28,375)
  RENTAL  INCOME   ...............          (78,000)            (90,860)
  SUNDRY   .......................           (6,185)            (18,328)
                                         ----------          ----------
                                            152,612             184,902
                                         ----------          ----------
  EARNINGS (LOSS) BEFORE INCOME TAXES       363,762            (774,286)

INCOME  TAXES   ..................          139,600            (272,000)
                                         ----------          ----------
  NET  EARNINGS (LOSS)  ..........      $   224,162         $  (502,286)
                                         ==========          ==========

PER  SHARE  DATA :

  NET  EARNINGS (LOSS)  PER  SHARE            $0.04              $(0.10)
                                         ==========          ==========
  WEIGHTED  AVERAGE  NUMBER OF
   SHARES  OUTSTANDING   .........        5,385,257           5,097,843


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

                                                    THREE  MONTHS ENDED
                                                   7/31/96         7/31/97
                                                 -----------     -----------
[S]                                             [C]           [C]
CASH  FLOWS  FROM  OPERATING  ACTIVITIES:

 NET  EARNINGS   (LOSS)   ....................   $   224,162    $   (502,286)

 ADJUSTMENTS TO RECONCILE NET EARNINGS (LOSS) TO
   NET CASH PROVIDED BY OPERATING ACTIVITIES:
   DEPRECIATION   ............................       930,000         979,320
   GAIN  ON  SALE  OF  EQUIPMENT  ............          --              (325)
   MINORITY  INTEREST  IN  LOSS  OF  SUBSIDIARY         --           (28,375)
   DEFERRED  INCOME  TAXES   .................        19,600         (38,000)
   EQUITY IN EARNINGS OF UNCONSOLIDATED AFFILIATE   (131,848)        (32,528)

   CHANGES  IN  ASSETS  AND  LIABILITIES,
     NET OF EFFECTS FROM  ACQUISITION
   ACCOUNTS  RECEIVABLE   ....................       467,053         535,518
   INVENTORIES   .............................       873,313         113,983
   PREPAID  EXPENSES   .......................        10,898           3,362
   OTHER  ASSETS   ...........................       (77,913)       (382,687)
   ACCOUNTS  PAYABLE  AND  ACCRUED  LIABILITIES     (224,670)        153,618
                                                  ----------      ----------  
       TOTAL  ADJUSTMENTS  ...................     1,866,433       1,303,886
                                                  ----------      ----------
       NET  CASH  PROVIDED  BY  OPERATIONS         2,090,595         801,600

  CASH  FLOWS  FROM  INVESTING  ACTIVITIES
   CAPITAL  EXPENDITURES   ...................      (468,131)       (456,169)
   MINORITY  INTEREST  CAPITAL  CONTRIBUTION .
        TO  SUBSIDIARY   .....................          --            16,911
   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 .      (468,131)    (10,588,933)

<PAGE>
<TABLE>
<S>                                               <C>            <C> 
  CASH  FLOWS  FROM  FINANCING  ACTIVITIES
   NET  BORROWINGS  UNDER  LINE  OF  CREDIT ..    (2,140,735)      1,315,463
   REPURCHASE  OF  COMMON  STOCK   ...........         --           (633,012)
   PROCEEDS  FROM  LONG - TERM  OBLIGATIONS ..     1,500,000      10,426,363
   PAYMENTS  ON  LONG - TERM  OBLIGATIONS ....      (999,676)     (1,297,111)

       NET  CASH  (USED IN)  PROVIDED BY
         FINANCING ACTIVITIES   ..............    (1,640,411)      9,811,703

  EFFECT  OF  FOREIGN  EXCHANGE  RATE  CHANGES        --               5,067
                                                  ----------      ----------
  (DECREASE) INCREASE IN  CASH  ..............       (17,947)         29,437
    
  CASH  AT  THE  BEGINNING  OF  THE  PERIOD          243,269         294,204
                                                  ----------      ----------
  CASH  AT  THE  END  OF  THE  PERIOD            $   225,322    $    323,641
                                                  ==========      ==========

SUPPLEMENTAL  DISCLOSURES  OF  CASH  FLOW  INFORMATION:

CASH  PAID  DURING  THE   PERIOD  FOR:
   INTEREST   ..............................     $   365,291    $    401,139
   INCOME  TAXES   .........................         110,000         189,227

</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.

<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 operations have been  included from
the effective date of the acquisition.

Net sales  for the quarter ended  July 31, 1997, were  $12,923,000, decreasing
by  9.9% when compared  to $14,335,000 for  the same quarter  last year.   The
decrease in sales is primarily due to a general  decrease in business activity
within  the existing customer base.   Net sales  to three customers  accounted
for  approximately $7,580,000  or 59%  for the  quarter ended  July 31,  1997,
compared  to three customers representing  approximately $6,983,000 or 49%  of
net sales for the same quarter last year.

Gross profit  for the quarter was $639,000 or  4.9% of net sales,  compared to
$1,957,000 or  13.7% of net sales for the  same quarter last year.   The lower
gross  profit is  attributed to a  reduction in  sales for  the first  quarter
which had an adverse effect on covering fixed  expenses and continued pressure
on  pricing.   These  factors  in effect  caused  expenses  to increase  as  a
percentage of sales.

Sales  and  marketing,  and  administrative  expenses  for  the  quarter  were
$1,228,000 or 9.5% of net sales, compared to $1,441,000 or  10.1% of net sales
for the same quarter last year.  The decrease in the  expenses as a percentage
of net  sales is due to a decrease  in professional fees and bad  debt expense
which  was  offset by  administrative  expenses related  to  CST, LP  and  CSI
(India) and an increase in salaries.

Other  deductions-net  was  $185,000  for  the  current  quarter  compared  to
$153,000  for the  same quarter  last year.   The  equity in  the earnings  of
SigmaTron  decreased to $33,000 for  the current quarter compared  to $132,000
for  the same period last  year.  This  was offset by  a decrease in  interest
expense  to $355,000  in  the current  year from  $369,000  (due to  decreased
borrowings),  an increase  in  rental income  to $91,000  from  $78,000 and  a
credit of $28,000  for minority interest in the loss of the  Indian subsidiary
during the current quarter.

<PAGE>
                            CIRCUIT  SYSTEMS,  INC.
                               AND  SUBSIDIARIES

                    MANAGEMENT'S  DISCUSSION  AND  ANALYSIS
             OF  FINANCIAL  CONDITION  AND RESULTS  OF  OPERATIONS
                                  (CONTINUED)
                                  
The effective  income tax rate for the quarter  ended July 31, 1997  is 35.1%,
compared to the  1996 rate of 38.4%.  The lower income tax rate is due  to the
operating loss in  the current quarter and the inability to recognize  the tax
effects of certain foreign net operating losses.

The  net loss and  loss per share  for the  quarter ended  July 31, 1997  were
$502,000  and $.10, respectively,  compared to net  earnings and earnings  per
share of $224,000 and $.04, respectively, for the same period last year.


LIQUIDITY  AND  CAPITAL  RESOURCES

The  Company's financial  requirements were  met through  cash generated  from
operations and an increase in long-term obligations.

For the quarter  ended July 31, 1997, the Philips acquisition  of $10,150,000,
payments  on  long-term obligations of $1,297,000, repurchase of the Company's
common stock  of  $633,000  and  capital expenditures of $456,000  were funded
by  cash  provided by  operations,  proceeds  from  long-term  obligations  of
$10,426,000 and net borrowings on the line of credit of $1,315,000.

The  Company  renewed  its  line  of  credit  for  $10,000,000, consisting  of
$6,000,000, which matures  August 31,  1999 and  $4,000,000, which matures  on
August 31, 1998.

The  Company has purchase  commitments as  of July  31, 1997 of  approximately
$2,700,000 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.

The  Company's backlog at  July 31, 1997,  is approximately $18,790,000  which
includes  approximately $9,066,000  for  CST, LP  (which is primarily  product
for  Philips)  compared   to   $15,004,000   at   July   31,  1996.    Backlog
represents orders scheduled to be shipped within approximately 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

        (b) Reports on Form 8-K

            There were no reports on Form 8-K filed for the quarter ended
            July 31, 1997.

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

  PRIMARY   EPS                                      THREE  MONTHS  ENDED
                                                  7/31/96           7/31/97
                                                 ----------       ----------
                                                <C>              <C>
WEIGHTED  AVERAGE  NUMBER  OF  COMMON             
SHARES  OUTSTANDING  DURING  THE  PERIOD ...      5,321,973        5,097,843

NET  ADDITIONAL  SHARES  ASSUMING  DILUTIVE
STOCK  OPTIONS  EXERCISED  AND  PROCEEDS
USED  TO  PURCHASE  TREASURY  SHARES  AT
AVERAGE  FAIR  MARKET  VALUE  ..............         63,285           32,594

WEIGHTED  AVERAGE  NUMBER  OF  COMMON  SHARES
AND  COMMON  EQUIVALENT  SHARES  OUTSTANDING      5,385,258        5,130,437
                                                  =========        =========
NET  EARNINGS (LOSS)  ......................    $   224,162       $ (502,286)
                                                  =========        =========
PRIMARY  EARNINGS (LOSS) PER  SHARE ........          $0.04           $(0.10)
                                                  =========        =========

             FULLY  DILUTED  EPS
             
WEIGHTED  AVERAGE  NUMBER  OF  COMMON
SHARES  OUTSTANDING  DURING  THE  PERIOD ...      5,321,973        5,097,843

NET  ADDITIONAL  SHARES  ASSUMING  DILUTIVE
STOCK  OPTIONS  EXERCISED  AND  PROCEEDS
USED  TO  PURCHASE  TREASURY  SHARES  AT
FAIR  MARKET  VALUE  (OR  AVERAGE  FAIR
MARKET VALUE  IF  HIGHER)  .................         63,285           35,441

WEIGHTED  AVERAGE  NUMBER  OF  COMMON  SHARES
AND  COMMON  EQUIVALENT  SHARES  OUTSTANDING      5,385,258        5,133,284
                                                  =========        =========
NET  EARNINGS (LOSS)  ......................    $   224,162       $ (502,286)
                                                  =========        =========
FULLY  DILUTED  EARNINGS (LOSS) PER  SHARE            $0.04           $(0.10)
                                                  =========        =========
</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)

                                            \s\ Dilip  S.  Vyas
                                           --------------------------
                                                Dilip  S.  Vyas
                                          (Principal  Financial  Officer)

September  11,  1997

<PAGE>