Toys Making Company Ok Play India Announces Q3FY24 Results; Check Details Here

Ok Play India announced positive Q3FY24 and 9MFY24 results for the fiscal year 2023-24. According to quarterly results, net profit rose by 169.2 per cent to Rs 1.75 crore in Q3FY24 over Q2FY24. The net sales increased by 1.55 per cent to Rs 40.93 per cent.

Whereas, in its nine-month results, the company reported net profit raised by 2,558 per cent to Rs 1.85 crore in 9MFY24 over 9MFY23. The net sales of Rs 124.48 crore in 9MFY24 and in 9MFY23, reported a net sales of Rs 128.19 crore.

Along with this, the Board had approved a stock split where each existing share with a face value of Rs 10 will be divided into 10 shares with a face value of Rs 1, essentially increasing the number of shares outstanding while maintaining the company's overall value. The authorized share capital of the company is Rs 40,00,00,000 consisting of 40 crore equity shares of Rs 1 each.

The stock gave multibagger returns of 190 per cent in just 1 year and a whopping 900 per cent in 3 years.
Recently, OK Play India has joined forces with MANN+HUMMEL, a global leader in filtration technology, to tackle India's air pollution crisis. This strategic partnership aims to improve air quality and benefit the health of millions of people through the distribution and installation of MANN+HUMMEL's cutting-edge Pure Air Mobile Fine Dust Particle Filter Roof Box.

OK Play India Ltd is a leading manufacturer of plastic moulded products in India, with two business segments: Toys and Automotive Components. The company's products are exported to over 60 countries around the world, and OK Play is a major player in the Indian toy industry.