MRO-TEK Reality , formerly known as MRO-TEK Realty Limited, has reported a stellar financial performance for the second quarter, with a significant boost in profitability.

Financial Highlights

For the quarter ended September 30, MRO-TEK Reality reported:

The company's performance for the first half was equally impressive:

Key Developments

• The company's other income for the first quarter included a substantial profit of Rs 4,041.95 lakhs from the sale of property at Electronic City, Bangalore.
• MRO-TEK Reality operates in three business segments: Products, Real Estate Development, and Solutions.
• The board had previously decided to discontinue Electronic Contract Manufacturing Services operations in January.

Segment Performance

For the current quarter:

Balance Sheet Highlights

As of September 30:

• Total Assets: Rs 25,362.17 lakhs
• Total Equity: Rs 11,259.56 lakhs
• Non-current Liabilities: Rs 12,240.41 lakhs
• Current Liabilities: Rs 1,862.20 lakhs

Management Commentary

The company's board of directors approved these unaudited financial results in their meeting held on October 15. The strong performance, particularly in the Real Estate segment, indicates the company's strategic focus on this area.

Future Outlook

With the discontinuation of its Electronic Contract Manufacturing Services and the significant profit from property sale, MRO-TEK Reality appears to be realigning its business focus. The robust performance in the Real Estate and Solutions segments suggests potential areas for future growth.

Investors and stakeholders will be keen to see if the company can maintain this growth trajectory in the coming quarters, especially given the one-time gain from property sale that boosted this quarter's results.

MRO-TEK Reality , formerly known as MRO-TEK Realty Limited, has reported a significant increase in promoter shareholding during the second quarter. The company has also announced its upcoming board meeting to review and approve the financial results for the same quarter.

Promoter Shareholding Increase

According to the company's filing, the promoters of MRO-TEK Reality have substantially increased their stake in the company:

The promoters acquired an additional 604,790 shares from the open market during the second quarter, resulting in a 3.23 percentage point increase in their shareholding. This move demonstrates the promoters' confidence in the company's future prospects and their commitment to increasing their stake.

Upcoming Board Meeting

MRO-TEK Reality has scheduled its 4th board meeting for the financial year on Wednesday, October 15. The primary agenda for this meeting includes:

• Consideration and approval of the unaudited financial results for the quarter ended September 30.

The company has duly informed the National Stock Exchange of India Limited and BSE Limited about the scheduled board meeting, in compliance with regulatory requirements.

Regulatory Compliance

MRO-TEK Reality has emphasized that the increase in promoter shareholding is in full compliance with the regulatory requirements under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company has promptly reported this change to the stock exchanges as part of its commitment to transparency and adherence to listing obligations.

Investors and market participants will be keenly watching for the Q2 results, which will provide insights into the company's financial performance and potentially shed light on the promoters' decision to increase their stake in the company.

MRO-TEK Reality, with its registered office in Bangalore, operates under the CIN: L28112KA1984PLC005873.