Financial Performance Summary (Q1FY27 vs Q1FY26)
| Particulars (₹ crore) | Q1FY27 | Q1FY26 | YoY Change |
| Revenue from Operations | 75.86 | 72.72 | +4.33% |
| EBITDA | 9.18 | 8.44 | +8.68% |
| PBT | 5.57 | 5.31 | +5.02% |
| PAT | 4.36 | 3.79 | +15.06% |
Key Financial Highlights
Revenue Growth: Revenue from operations increased to ₹75.86 crore in Q1FY27 from ₹72.72 crore in Q1FY26, representing 4.33% year-on-year growth.
Profitability Metrics:
- EBITDA increased by 8.68% YoY to ₹9.18 crore from ₹8.44 crore
- PBT grew by 5.02% YoY to ₹5.57 crore from ₹5.31 crore
- PAT showed strong growth of 15.06% YoY to ₹4.36 crore from ₹3.79 crore
Margin Performance: The company achieved 49 basis points expansion in EBITDA margin on a year-on-year basis, driven by operational efficiencies.
Operational and Strategic Highlights
Order Book Position: The company maintains a robust unexecuted order book of over ₹550 crore as of 30th June 2026, providing healthy revenue visibility for the next 18 months.
Diversification Strategy: The company is expanding beyond highways into adjacent infrastructure segments:
- Successfully entered the Marine Infrastructure Construction & Maintenance segment
- Evaluating opportunities in jetty construction and repair & maintenance for marine facilities
- Expecting to secure initial orders in the near term
Corporate Actions:
- Progressing with amalgamation of group company Markolines Infra Limited
- Submitted merger scheme to stock exchanges and provided required clarifications
- Appointed Sobhagya Capital Options as Merchant Banker for the amalgamation
- Received NSE & BSE approval for listing and trading of 1,62,800 equity shares pursuant to warrant conversion
Management Commentary
Mr. Sanjay Patil, Founder, Chairman & Managing Director: Emphasized confidence in creating long-term sustainable value supported by robust order book, strong execution capabilities, and technology-driven approach. Highlighted successful order wins across adjacent infrastructure segments and entry into marine infrastructure leveraging engineering and asset management capabilities.
Mr. Vijay Oswal, Founder & Chief Financial Officer: Attributed performance to continued strength of execution capabilities and resilience of specialized infrastructure business. Focused on timely execution, operational efficiency, and disciplined cost management while maintaining healthy profitability. Expressed optimism about securing initial orders in marine infrastructure segment.
Technology Focus
The company continues to focus on technology-led solutions including:
- Micro Surfacing
- Cold In-Place Recycling (CIPR)
- Full Depth Reclamation (FDR)
Corporate Background
Markolines is the only listed company operating in the highway operations and maintenance segment, having executed over 5,670 lane kilometers of highway maintenance work across multiple states in India. The company migrated to BSE Mainboard on June 12, 2025 and achieved NSE Mainboard listing in October 2025.
Forward-looking Statements
The document contains forward-looking statements based on current management expectations, subject to uncertainty and changes in circumstances due to economic, business, competitive, technological, regulatory factors, exchange rate fluctuations, and other costs.