Markolines Pavement Q3FY26 PAT Soars 72% QoQ to ₹7 Cr on 20% Revenue Growth
Markolines Pavement Technologies reported strong Q3FY26 results with PAT up 72% QoQ to ₹7.00 crore and Revenue from Operations up 20% QoQ to ₹92.95 crore. For 9MFY26, PAT grew 43% YoY to ₹14.87 crore on revenue of ₹243.34 crore (+31% YoY). EBITDA increased 31% QoQ to ₹11.62 crore.
The substantial increase in revenue and profit, coupled with positive management commentary about future growth prospects and leveraging government infrastructure spending, is expected to have a significant positive impact on the company's stock.
The company reported significant year-on-year and quarter-on-quarter growth in key financial metrics like Revenue from Operations, EBITDA, PBT, and PAT, indicating strong operational performance and profitability.
Markolines Pavement Technologies Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, following a board meeting on February 14, 2026.
For the third quarter of fiscal year 2026 (Q3FY26), the company reported a significant 20% quarter-on-quarter growth in Revenue from Operations, reaching ₹92.95 crore. This performance was driven by healthy project execution and improved billing traction. On a nine-month basis (9MFY26), revenue stood at ₹243.34 crore, marking a robust 31% year-on-year increase compared to ₹185.92 crore in the same period last year. The company highlighted the strength of its order book and its ability to scale operations as key factors behind this growth.
EBITDA for Q3FY26 saw a 31% quarter-on-quarter increase to ₹11.62 crore, while EBITDA for the nine-month period grew by 29% year-on-year to ₹28.81 crore. This improvement was attributed to a focus on cost discipline, operational efficiency, and a better project mix. Profit Before Tax (PBT) for the quarter rose by 48% QoQ to ₹8.42 crore, and for the nine-month period, PBT grew by an impressive 54% YoY to ₹19.30 crore. The company's Profit After Tax (PAT) surged by 72% QoQ to ₹7.00 crore in Q3FY26, and for 9MFY26, PAT increased by 43% YoY to ₹14.87 crore. Management attributed this strong growth trajectory to disciplined execution, improved productivity, and operating leverage benefits.
Mr. Sanjay Patil, Founder, Chairman & Managing Director, expressed confidence in sustaining growth momentum, citing a strong order pipeline and healthy execution visibility. He also mentioned exploring other infra sectors as additional growth drivers. The company anticipates benefiting from the government's continued infrastructure push, with public capital expenditure projected at ₹12.2 lakh crore for FY27, and expects a sustained pipeline of highway and road development projects.
Markolines Pavement Technologies Limited, established in 2002, is a leading highway operations and maintenance (O&M) and specialized infrastructure solution provider in India. The company has executed over 5,140 lane kilometers of highway maintenance work and is recognized for pioneering maintenance techniques. The company recently migrated to the BSE Mainboard on June 12, 2025, and listed on the NSE Mainboard in October 2025. It is currently resubmitting its merger application with BSE and NSE.
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