Mumbai, November , 2026: Markolines Pavement Technologies Ltd. (BSE: 543364, NSE: MARKOLINES), a leading highway operations and maintenance (O&M) and specialised infrastructure solutions company, announced its unaudited financial results for the quarter and half year ended September 30, 2026.
Mr. Sanjay Patil, Founder, Chairman & Managing Director of Markolines Pavement Technologies Limited said, “During the first half of FY27, we continued to strengthen our position in India’s specialised infrastructure and highway maintenance sector, supported by our engineering capabilities, execution expertise and technology-led solutions. Our diversification beyond highways is progressing well, and we are exploring opportunities in Marine Infrastructure Construction & Maintenance, with promising potential across jetty construction, marine facility repair and maintenance, and other adjacent infrastructure segments. These opportunities open new avenues for our future growth and business expansion.
With a robust total current unexecuted order book of ₹624.22 crore, we remain well-positioned to capitalise on the growing infrastructure opportunities in India. Going forward, our focus will remain on strengthening our core highway maintenance business, expanding our specialised technology offerings such as Micro Surfacing, CIPR and FDR, and building a diversified infrastructure portfolio to drive sustainable long-term growth.”
Mr. Vijay Oswal, Founder & Chief Financial Officer of Markolines Pavement Technologies Limited said, “We are pleased to report improved financial performance for Q2 and H1 FY27, driven by better project execution and our strong in-house capabilities. Our continued focus on operational efficiencies, disciplined cost management and execution excellence has further strengthened our operational performance and profitability.
For Q2 FY27, revenue from operations stood at ₹86.02 crore, registering a growth of 10.75% year-on-year on a consolidated basis. EBITDA increased by 24.62% to ₹11.34 crore, with EBITDA margin improving to 13.18%, while PAT stood at ₹4.95 crore, reflecting our emphasis on maintaining healthy profitability.
For H1 FY27, revenue from operations stood at ₹161.88 crore, representing a growth of 7.64% year-on-year. EBITDA increased by 16.95% to ₹20.51 crore, with EBITDA margin at 12.67%, while PAT stood at ₹9.31 crore.
Our financial performance demonstrates our ability to maintain profitability while pursuing growth opportunities. We remain focused on leveraging our in-house capabilities, strengthening working capital management, improving project execution efficiency and maintaining financial discipline to support our future growth ambitions.”
The Company secured two work orders from the Brihanmumbai Municipal Corporation (BMC), aggregating to ₹135.20 crore (inclusive of GST), for microsurfacing and resurfacing works on Mumbai’s Eastern and Western Express Highways. Additionally, the Company continues to explore opportunities in Marine Infrastructure Construction & Maintenance, including jetty construction and the repair and maintenance of marine facilities, while strengthening its technology-led road maintenance capabilities through specialised techniques such as Micro Surfacing, Cold In-Place Recycling (CIPR) and Full Depth Reclamation (FDR).
Established in 2002, Markolines Pavement Technologies Limited (Markolines) is one of India’s leading highway operations and maintenance (O&M) and specialized infrastructure solution providers. Markolines is the only listed company operating in this segment. With a strong focus on innovation and execution excellence, the company offers the most comprehensive suite of services in highway maintenance – spanning from Major Maintenance & Repairs (MMR), Rigid Pavement (concrete road) Maintenance, specialised maintenance services and specialised construction activities.
