Markolines Pavement Technologies Limited intends to expand its operations into the Marine Infrastructure Construction and Maintenance segment as part of its long-term growth strategy. The company aims to leverage its engineering, construction, and maintenance capabilities across adjacent infrastructure sectors to capitalize on emerging opportunities in the marine and port infrastructure domain. This strategic initiative is designed to diversify the company's service offerings and utilize its expertise in specialized construction and asset management.

The company is evaluating participation in bids and projects relating to three primary activity areas. These include Jetty Construction and Repair Works, which encompasses the construction of jetties and associated marine structures, as well as the repair and rehabilitation of ship docking infrastructure. Additionally, the company will focus on Jetty Revamping and Upgradation, involving structural strengthening, refurbishment, and capacity enhancement of existing marine assets.

Another key area of focus is Fire Protection Systems for Marine Facilities. This involves the design, engineering, supply, installation, testing, and commissioning of firefighting systems in dock and port areas. The company also plans to offer operation and maintenance services for these firefighting and safety systems within marine infrastructure facilities.

Markolines Pavement Technologies believes its existing expertise positions it well to participate in this growing segment. The company stated that its capabilities in rehabilitation, maintenance, and asset management are directly applicable to the requirements of the marine infrastructure sector.

The company has confirmed that it will make appropriate disclosures in accordance with applicable regulatory requirements upon securing any material orders, contracts, or business developments arising from this initiative. This disclosure was submitted to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Markolines Pavement Technologies Limited reported a Profit After Tax (PAT) of ₹26.23 crore for the financial year ended March 31, 2026, marking an increase of approximately 15% year-on-year. The company's revenue from operations for FY26 stood at ₹348.49 crore, growing from ₹307 crore in the previous year. The EBITDA for the period was recorded at ₹48.54 crore. The earnings per share (EPS) increased from ₹10.16 to ₹11.90, reflecting a growth of 17% over the previous year.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. For the fourth quarter of FY26, the company recorded a revenue of about ₹105 crore with a PAT margin of 10.81% and an EBITDA margin of approximately 18%. Vijay Oswal, Founder and Chief Financial Officer, highlighted that the company has been growing at a CAGR of 17% in revenue, 21% in EBITDA, and 27% in PAT over the last five years from FY22 to FY26.

Financial Performance

The company’s order book remains robust with an unexecuted order book of over ₹600 crore as of March 31, 2026. Additionally, Markolines has an active pipeline of projects worth ₹2,000-plus crore. The management stated that they are now eligible to bid for projects up to ₹500 crore individually, compared to previous limits, due to the completion of a specialized tunnel project in Maharashtra.

Strategic Developments and Outlook

Vijay Oswal discussed the proposed merger of Markolines Pavement Technologies Limited with Markolines Infra. The merger application has been filed, and queries have been addressed. The company expects the merger process to be completed within six months, aiming to become a merged entity by the end of FY27. This merger is anticipated to create the only listed integrated highway operation and maintenance (O&M) platform, combining revenues to exceed ₹500 crore.

Looking ahead, the management expressed confidence in achieving a revenue target of ₹1,000 crore. While the initial timeline was three years, the company is working to prepone this milestone. For FY27, the company expects a standalone revenue growth of at least 30%. The merger with Markolines Infra, which currently contributes about 45% of the revenue of Markolines Pavement Technologies Limited, is expected to provide an additional boost. The company also plans to incur a capital expenditure of close to ₹10 crore in FY27, primarily for acquiring new pavers and hot mix plants.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0FW001016/89b41d0dff3b4095.pdf