OK Play India faces profit decline in 2025 annual report

OK Play India Limited reported a substantial decline in financial performance for the year ended March 31, 2025. Standalone net profit after tax fell to Rs. 34.90 lacs from Rs. 574.35 lacs in the previous year, with consolidated net profit reporting a loss of Rs. (83.23) lacs, down from a profit of Rs. 113.20 lacs. Total revenue from operations also decreased, with standalone revenue at Rs. 8,349.84 lacs (from Rs. 14,508.07 lacs in 2024) and consolidated revenue at Rs. 16,779.04 lacs (from Rs. 18,456.06 lacs in 2024).

The company announced the re-appointment of Rajan Handa as managing director, and Rishab Handa as whole-time director, with remuneration of Rs. 7,00,000/- and Rs. 4,00,000/- per month respectively. Bhavika Sharma was also appointed as an independent director for five years. Despite the profit decline, the company noted it had adequate profits and paid a BSE penalty of Rs. 20,000/- plus GST for late application submission.

The report also detailed that 82.61% of shares were held in dematerialized form as of March 31, 2025. The company continues to focus on energy conservation, technology absorption, and R&D, particularly in the toy sector, aligning with the "Make in India" initiative.