OK Play India Reports Strong Financial Performance in Q1 FY25, with Improvements in Key Areas

OK Play India, a microcap company in the plastic products industry, has recently announced its financial results for the quarter ending June 2024. The company has shown positive performance in this quarter, with a score of 6 out of 10, a significant improvement from 0 in the last 3 months.

One of the key factors contributing to this positive performance is the growth in Profit Before Tax less Other Income (PBT) which has increased by 151.5% to Rs 3.42 crore compared to the average PBT of the previous four quarters at Rs 1.36 crore. This indicates a strong near-term trend for PBT.

Another positive aspect is the company’s ability to manage interest payments, with the Operating Profit to Interest ratio being the highest in the last five quarters at 3.03 times. This shows an improvement in the company’s financial management.

The net sales for the quarter have also seen a significant increase, reaching Rs 60.08 crore, the highest in the last five quarters. This is a growth of 35.2% compared to the average net sales of the previous four quarters at Rs 44.44 crore, indicating a positive trend in sales.

The company’s operating profit (PBDIT) for the quarter is also at its highest in the last five quarters at Rs 11.24 crore, showing a positive trend in the near term. Similarly, the PBT for the quarter is also the highest in the last five quarters at Rs 3.42 crore, indicating a positive trend.

On the other hand, the company’s Profit After Tax (PAT) for the quarter has fallen by -1562.0% to Rs -0.71 crore compared to the average PAT of the previous four quarters at Rs -0.04 crore. This is a concerning trend that needs to be addressed by the company.

Additionally, the company’s Debtors Turnover Ratio for the half-yearly period is at its lowest in the last five periods at 7.22 times. This indicates a slowdown in the company’s pace of settling its debtors.

Overall, OK Play India has shown positive financial performance in the quarter ending June 2024, with improvements in key areas such as PBT, net sales, and operating profit. However, the company needs to address the decline in PAT and the slowdown in debtors turnover ratio to sustain its positive trend.