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

Markolines Pavement Technologies Limited reported a consolidated net profit of ₹26.23 crore for the financial year ended March 31, 2026, reflecting a 15.5% 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.

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.

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 Board approved the amalgamation on March 6, 2026, at a share exchange ratio of 1:1.05. 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.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0FW001016/aa4c969dc9924d55.pdf