Foreign Institutional Investor (FII)-backed stock has unveiled its fourth-quarter monetary results for the fiscal 12 months 2023–24. The small-cap entity reported a considerable surge in whole income, reaching Rs 56.7 crore for the quarter ending March 31, 2024. This marked a big improve from the Rs 36.5 crore recorded within the corresponding interval of the earlier fiscal 12 months.
Revenue breakdown
The firm’s income from operations witnessed a commendable rise, standing at Rs 48.38 crore for the fourth quarter of FY 2023–24. This represents a notable escalation from each the earlier quarter’s determine of Rs 33.36 crore and the fourth quarter of the previous monetary 12 months, which reported income of Rs 39.45 crore.
Profit earlier than tax evaluation
Ok Play India Limited disclosed a revenue earlier than tax of Rs 7.68 crore within the fourth quarter of the final monetary 12 months. While this determine represents a outstanding enchancment in comparison with the meager Rs 9 lakh reported within the earlier quarter, it’s barely decrease than the Rs 10.08 crore recorded within the third quarter of the final fiscal 12 months.
Encouraging gross sales development
Earlier indications from Ok Play India hinted at a promising upward trajectory, with gross sales within the fourth quarter of FY 2023–24 hovering by roughly 13% year-on-year to Rs 60.08 crore. This demonstrates a notable improve from the corporate’s whole gross sales of Rs 53.26 crore throughout the January-March quarter of FY 2022–23.
Narrowed losses
In a optimistic growth, Ok Play India has narrowed its losses throughout the January-March quarter of 2024, reporting a internet lack of Rs 0.71 crore. This contrasts favourably with the online lack of Rs 2.03 crore incurred throughout the corresponding quarter of the earlier fiscal 12 months.
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