Markolines Reports Strong Q4 And FY26 Performance

28 May 2026 CW Team

EBITDA for Q4FY26 was Rs. 190.1 mn, compared with Rs. 119.9 mn in the prior quarter, a rise of 58.53 per cent, while profit after tax in the quarter was Rs. 113.6 mn against Rs. 70.0 mn sequentially, an increase of 62.39 per cent. Profit before tax for the quarter stood at Rs. 150.8 mn, up from Rs. 88.0 mn previously. The company noted margin expansion alongside improved operational execution.

For the full year ended March 31, 2026, revenue climbed to Rs. 3,484.9 mn from Rs. 3,074.3 mn a year earlier, an increase of 13.35 per cent, and annual EBITDA reached Rs. 485.4 mn up from Rs. 446.4 mn, an 8.74 per cent rise. Net profit for FY26 was Rs. 262.3 mn, compared with Rs. 227.2 mn in FY25, a gain of 15.46 per cent. The company reported an unexecuted order book of over Rs. 6 billion (bn), providing visibility for the next 12 to 18 months.

Management highlighted technology-led execution as a key differentiator, citing the adoption of micro-surfacing, Cold In-Place Recycling and Full Depth Reclamation techniques to deliver cost-efficient and sustainable road maintenance. The firm said these methods have supported project wins across highways, pavement rehabilitation and municipal infrastructure assignments. The company maintained that its technical capabilities underpin continued geographic expansion.

The board has progressed corporate restructuring, including the proposed amalgamation of a group company and the conversion of 140,000 warrants into equity at Rs. 165 per share. Management outlined an ambition to deliver nearly threefold revenue growth over time supported by a healthy pipeline of nearly Rs. 20 bn and disciplined capital allocation. The company said it will pursue merger approvals as per regulatory timelines.

Markolines Pavement Technologies Limited approved audited results for the quarter and year ended 31 March 2026, reporting sequential gains in its highway operations and maintenance business. Revenue from operations for Q4FY26 rose to Rs. 1,051.5 million (mn), up from Rs. 929.5 mn in Q3FY26, representing a 13.12 per cent quarter-on-quarter increase. The performance reflected strong demand for specialised maintenance solutions. EBITDA for Q4FY26 was Rs. 190.1 mn, compared with Rs. 119.9 mn in the prior quarter, a rise of 58.53 per cent, while profit after tax in the quarter was Rs. 113.6 mn against Rs. 70.0 mn sequentially, an increase of 62.39 per cent. Profit before tax for the quarter stood at Rs. 150.8 mn, up from Rs. 88.0 mn previously. The company noted margin expansion alongside improved operational execution. For the full year ended March 31, 2026, revenue climbed to Rs. 3,484.9 mn from Rs. 3,074.3 mn a year earlier, an increase of 13.35 per cent, and annual EBITDA reached Rs. 485.4 mn up from Rs. 446.4 mn, an 8.74 per cent rise. Net profit for FY26 was Rs. 262.3 mn, compared with Rs. 227.2 mn in FY25, a gain of 15.46 per cent. The company reported an unexecuted order book of over Rs. 6 billion (bn), providing visibility for the next 12 to 18 months. Management highlighted technology-led execution as a key differentiator, citing the adoption of micro-surfacing, Cold In-Place Recycling and Full Depth Reclamation techniques to deliver cost-efficient and sustainable road maintenance. The firm said these methods have supported project wins across highways, pavement rehabilitation and municipal infrastructure assignments. The company maintained that its technical capabilities underpin continued geographic expansion. The board has progressed corporate restructuring, including the proposed amalgamation of a group company and the conversion of 140,000 warrants into equity at Rs. 165 per share. Management outlined an ambition to deliver nearly threefold revenue growth over time supported by a healthy pipeline of nearly Rs. 20 bn and disciplined capital allocation. The company said it will pursue merger approvals as per regulatory timelines.

Infrastructure Energy

28 May 2026

NSW Launches 2.5 GW Renewable Tender And 12 GWh Storage

New South Wales has opened a pair of record tenders seeking two point five gigawatts (GW) of new renewable generation and 12 gigawatt?hours (GWh) of long?duration storage to accelerate its clean energy transition. The generation auction, Tender 8, is the largest launched under the NSW Electricity Infrastructure Roadmap and is being managed by independent consumer trustee AusEnergy Services Limited (ASL). The storage contest, Tender 9, seeks up to 12 GWh of additional storage and follows a decision to unlock an extra 50 per cent of capacity above baseline planning targets. Officials indicated t..

Infrastructure Energy

28 May 2026

Jharkhand Researchers Develop Eco-Friendly Solar Cell

A team from the Department of Energy Engineering at the Central University of Jharkhand (CUJ) has developed an eco-friendly solar cell that uses a plant-based natural dye extracted from the petals of Mirabilis jalapa (commonly known as Gulabbas or Four O'Clock Flower). The researchers described the work as part of ongoing laboratory studies to explore sustainable alternatives to conventional photovoltaics. The device builds on dye-sensitised solar cell concepts adapted for locally available botanical materials. The lead researcher said the developed solar cell had achieved a highest power conv..

Infrastructure Energy

28 May 2026

Gwalior Floats Rs 99.8 mn Tender For Two MW Solar Plant

The Gwalior Municipal Corporation has issued a Notice Inviting Tender under a Request For Proposal to appoint an agency to develop a grid-connected solar power project at Manpur. The scheme calls for a two Megawatt AC on-grid ground-mounted solar photovoltaic plant, with a 20 per cent DC oversizing that raises the total DC capacity to two point four Megawatt (MW). The selected developer will be responsible for detailed design, construction and all associated infrastructure works required for grid integration. The original tender document was dated eight June 2024 and was digitally updated in M..