Markolines Pavement Technologies Limited has released the transcript of its Post Earnings Conference Call held on 29th May 2026, discussing the audited financial results for the quarter and year ended 31st March 2026. The company reported revenues of ₹348.49 crore for FY26, an increase from ₹307 crore in the previous year, with EBITDA at ₹48.54 crore and Profit After Tax (PAT) at ₹26.23 crore, marking a 15% increase. Earnings Per Share (EPS) grew by 17% to ₹11.90 from ₹10.16. For the fourth quarter of FY26, revenues stood at ₹105 crore with a PAT margin of 10.81% and an EBITDA margin of 18%. The company highlighted a revenue CAGR of 17% and EBITDA CAGR of 21% over the last five years, with PAT growing at a 27% CAGR. Markolines Pavement Technologies is strategically positioning itself as India's 'Road Doctor', focusing on highway life cycle maintenance. The company noted a shift in the industry towards rehabilitation and maintenance of maturing road networks, driven by privatization and a focus on life cycle performance. Markolines emphasizes its specialized maintenance capabilities, integrated service offerings, and a strong track record with international funds and government agencies. The company also provided an update on the proposed merger of Markolines Pavement and Markolines Infra, expecting completion by FY27. This merger is anticipated to create a consolidated entity with revenues exceeding ₹500 crore, enhancing operational synergies and bidding eligibility. The combined entity aims to be the sole highway O&M platform offering a complete spectrum of services. Looking ahead, Markolines has an active pipeline of over ₹2000 crore and an unexecuted order book of ₹600 crore. The company is eligible to bid for projects up to ₹500 crore individually. Management anticipates a revenue growth of at least 30% in FY27, with PAT margins expected to remain steady between 7% and 8%. The company also mentioned plans for CAPEX of around ₹10 crore in FY27 for new pavers and an HMP, driven by client needs and equipment churning every 3-4 years.
