OK Play India Q1 Results: Net Profit Rises 141.67% YoY; Share Zooms 208% In 3 Years

OK Play India Ltd a small cap company in the retail sector has declared its results for the quarter ended 30th June 2024.

OK Play India's net profit increased to Rs 0.87 crore in the quarter that ended in June 2024 from Rs 0.36 crore in the quarter that ended in June 2023, a 141.67% growth. Sales dropped 7.95% from Rs 43.25 crore in Q1FY24 to Rs 39.81 crore in Q1FY25.

Trendlyne's data indicates that the sector saw an average YoY growth in revenue of 17.23% and an average YoY rise in net profit of 34.12% during the quarter.

Under exceptional items, the company has recorded an exchange fluctuation loss of Rs 0.01 Lacs which has arisen on account of the restatement of liability towards "FCCB" at the end of the quarter.

The Board of Directors of OK Play India announced a stock split of one Rs 10 per equity share into ten of Rs 1 per equity share for its eligible shareholders in order to benefit shareholders and increase share liquidity. The record date on which the corporation kept track of shareholders' eligibility for the stock split issue was March 11.

OK Play India Limited recently disclosed to the stock market that it expanded the scope of its contract manufacturing and private-level operations. The company now offers contract manufacturing services at private expense in addition to working with several well-known brands.

OK Play India Limited was founded in 1988 and is primarily focused on three business segments: toys, automotive components, and e-vehicles. The company manufactures plastic moulded products. The firm has been producing plastic products for more than 3 decades. Its production facilities, which employ cutting-edge technologies including roto, blow, and injection moulding, are located in Rajasthan, Tamil Nadu, and Haryana. Within its Toys section, the firm offers more than 75 SKUs and serves both retail and institutional customers. Major automobile manufacturers including Ashok Leyland, Volvo, Eicher, and Caterpillar choose OK Play as a preferred supplier.

OK Play, a company dedicated to development and innovation, entered the electric vehicle industry in 2015 and now offers 12 variants of L3 Electric 3-wheelers. The engineering and design division is well known for its high-calibre work, emphasising sustainability, innovation, and quality.