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.

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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.

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