Markolines Pavement Technologies Ltd
P&L
Quarterly Standalone
vs Q3 FY26
Markolines: FY26 Revenue Up 13.35% to ₹348.49 Cr
26 May 2026 · 26 May, 10:22 pm
Summary
Markolines Pavement Technologies Ltd. reported strong financial performance for Q4FY26 and the full fiscal year FY26. For Q4FY26, revenue from operations grew by 13.12% quarter-on-quarter to ₹105.15 crore, with Profit After Tax (PAT) increasing by 62.39% to ₹11.36 crore. For the full year ended March 31, 2026, the company recorded a 13.35% year-on-year growth in revenue from operations, reaching ₹348.49 crore, and net profit grew by 15.46% to ₹26.23 crore. The company's unexecuted order book stood at over ₹600 crore as of FY26-end, with management expressing confidence in achieving nearly 3x revenue growth and similar profitability scale-up in the future, supported by a robust order pipeline of ₹2,000+ crore.
Key Highlights
- 1
Markolines Pavement Technologies reported a strong Q4FY26 with Revenue from Operations reaching ₹105.15 crore, marking a 13.12% growth quarter-on-quarter.
- 2
For Q4FY26, Profit Before Tax (PBT) surged by 71.36% quarter-on-quarter to ₹15.08 crore, while Profit After Tax (PAT) grew by 62.39% QoQ to ₹11.36 crore.
- 3
For the full fiscal year FY26, Revenue from Operations increased by 13.35% year-on-year to ₹348.49 crore, driven by robust demand for specialized highway maintenance solutions.
- 4
Net Profit for FY26 stood at ₹26.23 crore, reflecting a 15.46% growth compared to ₹22.72 crore in the previous fiscal year.
- 5
The company's order book touched ₹600+ crore as of March 31, 2026, providing clear revenue visibility for the next 12-18 months.
- 6
Revenue contribution from the specialized construction business increased significantly from approximately 25% to around 35% during FY26.
- 7
Markolines maintains a healthy order pipeline of nearly ₹2,000+ crore, positioning it well to capitalize on structural growth opportunities in the infrastructure sector.
Management Comments
Vijay Oswal
On a sequential basis, the Company delivered a strong operational and financial performance in Q4FY26. Revenue from Operations of Rs. 105.15 crore as against Rs. 92.95 crore in Q3FY26, registering a growth of 13.12% Q-o-Q. EBITDA for the quarter was reported at Rs. 19.01 crore compared to Rs. 11.99 crore in the previous quarter, reflecting a strong growth of 58.53% Q-o-Q. PAT for Q4FY26 stood at Rs. 11.36 crore compared to Rs. 7.00 crore in the preceding quarter, reflecting a growth of 62.39% Q-o-Q. For the year ended March 31, 2026 (FY2026), the company reported 13.35% growth in Revenue from Operations at Rs. 348.49 crore as against Rs. 307.43 in the corresponding period last year following a strong demand for specialized highway maintenance solutions. EBITDA grew by 8.74 % at at Rs. 48.54 crore compared to Rs. 44.64 crore in FY25, demonstrating the company’s ability to maintain margins while scaling operations. Meanwhile Net Profit grew by 15.46% at Rs. 26.23 crore compared to Rs. 22.72 crore in FY25, reflecting a growth of 15.46% YoY. For the financial year, the company has registered a strong order book position at Rs. 600+ crore as of 31st March 2026, provides clear revenue visibility over the next 12–18 months as the company continue to focus on timely execution, efficient capital allocation, and expanding our presence across high-value infrastructure segments. Focus on technology-led execution remains a key differentiator for the company along with early adoption and successful implementation of advanced techniques such as micro-surfacing, Technology like Cold In-Place Recycling, and Full Depth Reclamation have enabled it to address the growing need for cost-efficient and sustainable road maintenance solutions in India. As infrastructure assets mature, the demand for such specialised services is expected to grow significantly, positioning the company favourably within the sector.
Sanjay Patil
Going forward, we aim to achieve nearly 3x growth in revenue along with a similar scale- up in profitability, supported by the strong growth opportunities arising from the Government’s continued focus on infrastructure development. Over the last few years, several initiatives such as asset monetization and the expansion of the national highway network have created significant long-term opportunities for the sector. As planned earlier, we have successfully secured orders in other infrastructure segments, further strengthening our diversified business portfolio. Our revenue contribution from specialized construction business has increased from approx. 25% to around 35% during the year and we expecting further growth in coming years. With a healthy order pipeline of nearly Rs. 2,000+ crore, strong execution capabilities, and a technology-driven approach, we remain well- positioned to capitalize on these structural growth opportunities in the infrastructure sector.
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