Markolines FY26 net profit rises 15.4% to ₹26.23 crore
Markolines Pavement Technologies Limited reported a consolidated net profit of ₹26.23 crore for FY26, a 15.4% increase, with revenue from operations rising to ₹348.49 crore. The Board approved the audited results on May 26, 2026, showing a Q4 net profit of ₹11.36 crore. The company maintains a ₹600+ crore order book and aims for 3x revenue growth, supported by recent orders and capital structure adjustments.

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Markolines Pavement Technologies Limited reported a consolidated net profit of ₹26.23 crore for the financial year ended March 31, 2026, reflecting a 15.4% increase from ₹22.72 crore in the previous year. Revenue from operations for the year stood at ₹348.49 crore, compared to ₹307.43 crore in FY25. The company's order book position stood at ₹600+ crore as of March 31, 2026, providing revenue visibility for the next 12–18 months. The Board of Directors approved the audited standalone and consolidated financial results at a meeting held on May 26, 2026, at the company's registered office in Navi Mumbai.
Financial Performance
For the quarter ended March 31, 2026, the company recorded a consolidated net profit of ₹11.36 crore, up from ₹7.00 crore in the preceding quarter. Total income for the quarter was ₹105.15 crore. The company's basic earnings per share (EPS) for FY26 was ₹11.90, compared to ₹10.16 in the prior year.
| Particulars (₹ in crore) | Q4FY26 | Q3FY26 | QoQ % | FY26 | FY25 | YoY % |
|---|---|---|---|---|---|---|
| Revenue from Operations | 105.15 | 92.95 | 13.12% | 348.49 | 307.43 | 13.35% |
| EBITDA | 19.01 | 11.99 | 58.53% | 48.54 | 44.64 | 8.74% |
| PAT | 11.36 | 7.00 | 62.39% | 26.23 | 22.72 | 15.46% |
Segment Results
The company operates through two primary segments: Major Maintenance (MMR) and Specialised Construction. The MMR segment reported revenue of ₹22,696.06 lakh for the year, while Specialised Construction contributed ₹12,152.73 lakh. The total segment revenue for FY26 was ₹35,684.92 lakh.
| Segment | Revenue FY26 (₹ in Lacs) | Revenue FY25 (₹ in Lacs) |
|---|---|---|
| Major Maintenance (MMR) | 22,696.06 | 21,948.51 |
| Specialised Construction | 12,152.73 | 8,738.24 |
| Unallocated | 763.70 | 593.13 |
| Total | 35,684.92 | 31,336.35 |
Management Commentary
Mr. Vijay Oswal, Founder & Chief Financial Officer, attributed the growth to strong demand for specialized highway maintenance solutions. Mr. Sanjay Patil, Founder, Chairman & Managing Director, stated that the company aims to achieve nearly 3x growth in revenue, supported by a healthy order pipeline of nearly ₹2,000+ crore and strong execution capabilities. The revenue contribution from the specialized construction business increased from approximately 25% to around 35% during the year.
Key Developments
The company strengthened its capital structure by converting 1,40,000 warrants into equity shares at ₹165 per share through a preferential allotment. It is also progressing with the amalgamation of its group company, Markolines Infra Limited, and has submitted the scheme to the stock exchanges. The company secured recent orders worth ₹439.75 crore.
Auditor's Report
M/s. Jay Gupta & Associates, Chartered Accountants, issued an unmodified opinion on the audited standalone and consolidated financial results. The report confirms that the results give a true and fair view of the company's financial position in conformity with the applicable accounting standards.
What specific strategies will the company employ to convert the ₹2,000+ crore order pipeline into actual revenue to achieve the 3x growth target?
How will the amalgamation of Markolines Infra Limited impact the company's operational efficiency and financial structure once completed?
Will the increasing contribution of the Specialised Construction segment affect the company's overall profit margins going forward?

































