New Delhi, Aug 13 (PTI) Communications technology company Mro-Tek on Friday posted a consolidated profit of Rs 81.3 crore for the June quarter, mainly on account of a real estate transaction.

The company had recorded a loss of Rs 2.36 crore in the same period a year ago.

Also Read | iQOO 8 Pro Teased To Get 50W Wireless Charging, iQOO 8 Series To Feature 120W Fast Charging.

Revenue from operations increased multifold to Rs 92 crore from Rs 5.43 crore in the corresponding quarter of 2020-21.

Mro-Tek transferred a portion of a developed building to the developer as per the development agreement, which led to revenue of Rs 88.34 crore for the company, it said.

Also Read | Adi Godrej to Step Down as Chairman of Godrej Industries Ltd on October 1, Younger Brother Nadir Godrej To Succeed Him.

Mro-Tek's board also approved the appointment of Karbonn Chairman Sudhir Hasija as an additional non-executive non-independent director of the company.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)