Markolines Q1 Profit Doubles, Revenue Up 44 Per Cent

20 Aug 2025 CW Team

Markolines Pavement Technologies Limited, an integrated highway maintenance solutions company, has reported strong growth in its Q1 FY26 results, with both revenue and profit showing sharp gains.

Operating income rose 44 per cent year-on-year to Rs 727 million in Q1 FY26 from Rs 504 million a year earlier. EBITDA increased 38 per cent to Rs 75 million, while profit after tax more than doubled to Rs 38 million compared with Rs 17 million in Q1 FY25. PAT margin improved to 5.2 per cent from 3.4 per cent. Earnings per share also rose significantly to Rs 1.72 from Rs 0.90 last year.

The company secured new orders worth around Rs 400 million during the quarter, expanding its unexecuted order book to Rs 4 billion as of 30 June 2025, which is expected to translate into revenue over the next 12–24 months. Management highlighted that despite the quarter typically being impacted by the monsoon season, efficient execution across diverse locations enabled higher resource utilisation and improved operational performance.

Chairman and Managing Director Sanjay Patil said the company’s performance reflected its ability to create value for stakeholders by building strong execution capabilities. Chief Financial Officer Vijay R. Oswal added that the company is targeting large-scale, high-margin projects to benefit from increased government spending on roads and highways.

Established in 2002, Markolines Pavement Technologies has delivered over 4,870 lane kilometres of highway maintenance projects across India. Its services include preventive maintenance, micro-surfacing, and cold in-place recycling. With a pan-India presence and a growing order book, the company aims to strengthen its leadership in the highway operations and maintenance sector.

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