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.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..