Ok Play India Shares Ended 3% Higher After Q4 Results

Shares of OK Play India Ltd surged around 4.5 per cent up today after the announcement of Q4FY24 results.

Standalone Quarterly net sales increased by 22.6 per cent to Rs 48.38 crore in Q4FY24 compared to Q4FY23. The net profit increased by 185.9 per cent to Rs 4.26 crore in Q4FY24 compared to a net loss of Rs 4.96 crore in Q4FY23. Where as Consolidated Quarterly net sales increased by 12.8 per cent to Rs 60.08 crore in Q4FY24 compared to Q4FY23. The company reported a net loss of Rs 0.71 crore in Q4FY24 while it reported a net loss of Rs 2.03 crore in Q4FY23.

Standalone Annual net sales increased by 9.2 per cent to Rs 145.08 crore in FY24 compared to FY23. The net profit increased by 257.2 per cent to Rs 5.74 crore in FY24 compared to a net loss of Rs 3.90 crore in FY23. Consolidated annual net sales increased by 1.2 per cent to Rs 184.56 crore in FY24 compared to FY23. The net profit increased by 157.8 per cent to Rs 1.13 crore in FY24 compared to a net loss of Rs 1.96 crore in FY23.

Earlier this year, the shares of the company ex-traded stock split of equity, such that 1 equity share having a face value of Rs 10 each, fully paid-up, will be sub-divided into 10 equity shares having a face value of Rs 1 each, fully paid-up, ranking pari-passu in all respects. The ex-date for the stock split was Monday, March 11, 2024.

OK Play India, established in 1989, is a company dedicated to the production of plastic molded toys, school furniture, outdoor play equipment, point-of-purchase products, automotive components, and electric vehicles. The company is also engaged in manufacturing plastic fuel tanks for heavy commercial vehicles.