Markolines Pavement Technologies Limited has informed the Exchange regarding a press release dated May 26, 2026, titled "Press Release for Audited Financial Results for Q4 and year ended March 31, 2026".
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Markolines reported strong Q4FY26 performance with revenue of Rs. 105.15 crore (up 13.12% QoQ), EBITDA of Rs. 19.01 crore (up 58.53% QoQ), and PAT of Rs. 11.36 crore (up 62.39% QoQ). For full year FY26, revenue grew 13.35% to Rs. 348.49 crore, EBITDA increased 8.74% to Rs. 48.54 crore, and net profit rose 15.46% to Rs. 26.23 crore. The company has an order book of Rs. 600+ crore providing 12-18 months revenue visibility, with a pipeline of nearly Rs. 2,000+ crore. Revenue from specialized construction business grew from ~25% to ~35% of total revenue. Management guided for nearly 3x growth in revenue with similar profitability scale-up. The company also completed warrant conversion (1.4 lakh warrants at Rs. 165/share) and is pursuing amalgamation of subsidiary Markolines Infra Limited.
Strong sequential and annual growth with improving margins signals solid execution in highway O&M. The large order book and management's 3x growth guidance indicate robust revenue visibility, which could be positive for the stock. The warrant conversion also strengthens the capital structure.