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 submitted revised segment reporting for FY24 in a new format, clarifying that the underlying financial figures remain unchanged from what was filed earlier. Standalone revenue from operations grew to Rs. 34,729.44 lakhs (from Rs. 31,180.02 lakhs), an 11.4% rise, while standalone profit after tax rose about 9.9% to Rs. 1,730.47 lakhs. EPS stood at Rs. 9.06 vs Rs. 8.24 previously. The auditor (Jay Gupta & Associates) issued an unmodified opinion. Two business segments are reported — Major Maintenance & Toll Operation (Rs. 25,686.50 lakhs revenue) and Specialised Construction (Rs. 7,683.96 lakhs revenue). Consolidated PAT was Rs. 1,698.38 lakhs including share of profit from associate Uniqueuhpc Markolines LLP.
No new financial information — only a re-presentation of segment data, so there is no material impact on shareholders or stock price. However, investors should note that operating cash flow turned negative at Rs. (894.72) lakhs versus Rs. 2,012.40 lakhs inflow last year, and short-term borrowings more than doubled to Rs. 3,827.70 lakhs.