With reference to the subject, we hereby submitting the revised segment reporting as per the new format. It is to clarify that there is no change in the amount and figures of the financial ....
MARKOLINES · price
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Markolines Pavement Technologies has resubmitted its segment reporting for H1 FY24 (ended 30 Sept 2023) in a revised format, clarifying that all financial amounts remain unchanged from earlier filings. The company now reports across three segments: Major Maintenance & Toll Operation, Specialised Construction, and Unallocated, after previously operating in a single business segment until September 2022. For H1 FY24, revenue from operations stood at Rs 13,103.78 lakh (down from Rs 15,225.30 lakh in H1 FY23), while profit after tax was Rs 608.79 lakh vs Rs 667.74 lakh in the year-ago period. Notably, the company reported negative operating cash flow of Rs -950.13 lakh versus positive Rs 2,012.40 lakh for full year FY23, alongside a sharp rise in long-term and short-term borrowings.
For shareholders, the bottom-line numbers have not changed — this is a presentation reformatting exercise, so no fresh earnings impact. However, the underlying financials show declining revenue and profits, rising debt, and a swing to negative operating cash flow, which warrant a closer look at working capital and liquidity health.