Markolines Pavement Technologies Limited has informed the Exchange about General Updates
MARKOLINES · price
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The company shared its Q3 FY2026 earnings, reporting a 16% YoY rise in revenue and EBITDA, an 11% rise in PAT, and a 19% rise in EPS to Rs. 3.33. For the nine-month period, revenue grew 30%, EBITDA 29% and PAT 42%. The order book stood at Rs. 695 crore (including Rs. 439 crore of newly received orders), with another Rs. 300+ crore in the pipeline. Management guided to Rs. 375–400 crore revenue in FY26 (30%+ growth) and 40–50% growth in FY27, with a Rs. 1,000 crore revenue target over the next three years. The merger of Markolines Infra into the listed entity (effective January 1, 2026) is expected to complete in 6–9 months, and the company plans to start bidding directly with NHAI for larger projects.
Strong order book visibility and clear multi-year revenue targets are positive for shareholders, though management indicated margins will remain steady as the business is volume-driven rather than margin-driven. The merger and direct NHAI bidding capability could meaningfully expand the addressable market.