OK Play India 9m FY23 revenues doubled, turnaround at net profit

Mumbai (Maharashtra) [India], February 10: OK Play India Limited (BSE Code – 526415), engaged in the business of manufacturing Toys, School furniture, and outdoor play equipment, has announced its unaudited Financial Results for the Q3 & 9M FY23.

Key Financials at a Glance:

For Q3FY23:

  • Revenues at  47 crore; up 72.29%
  • EBITDA at 7 crore; up 198.47%
  • EBITDA Margin 24.89% Vs 14.37%
  • Turnaround at PAT reported a net profit of 48 crore
  • PAT Margin at 9.53% and EPS at 34 (-1.18)

For 9MFY23:

  • Revenues at 32 crore; up 113.62%
  • EBITDA at 77 crore; up 327.20%
  • EBITDA margin at 17.74% Vs 8.87%
  • PAT at 7 lakhs Vs Loss of 14,17 crore
  • EPS at 04

Commenting on the performance, Mr. Rajan Handa, Managing Director of OK Play India Limited said, “Post the Covid pandemic, the business has bounced back and we are witnessing robust growth in all our verticals. The positive policies of our government in the toys sector have helped in increased demand for quality products not only for the domestic market but also for exports. The CV market is also on a growth trajectory and the numbers are captured in our results.”

If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

 

Business

The Business Stalwart from Surat: Chirag Nakrani Joins Shark Tank India as a Visionary Shark

Surat (Gujarat) [India], March 18: Chirag Nakrani, the dynamic Founder and Director of Rayzon Solar, has added a new feather to his already decorated cap by becoming the first-ever entrepreneur from Surat to feature as a Shark on Shark Tank India. This milestone is not just a personal achievement for Chirag, but a moment of […]

Read More
Business

Manik Shah: The Visionary Leader Behind Manik Shah Group’s Global Success

New Delhi [India], March 10: In the world of entrepreneurship, few names stand out as prominently as Manik Shah, the Managing Director of Manik Shah Group. With an illustrious career spanning over 45 years, he has carved a niche for himself as a dynamic business leader, a global FMCG distributor, a visionary in real estate, […]

Read More
Business

Structured Pre-Bid Services Ensure Success of Renewable Energy Projects: Director, SgurrEnergy

New Delhi [India], March 10: A structured, data-driven, and technologically advanced pre-bid services ensures success of renewable energy approach ensure the success of renewable energy projects, according to Mr Arif Aga, Director of SgurrEnergy.   SgurrEnergy is setting new benchmarks in optimizing renewable energy bids through a structured, data-driven, and technologically advanced approach. With its technical excellence […]

Read More