Integrated Filing — IndAS



General information about company

Scrip Code 543364
NSE Symbol MARKOLINES
MSEI Symbol NOTLISTED
ISIN INE0FW001016
Name of company Markolines Pavement Technologies Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 14-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 10-11-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Half Yearly
Reporting Quarter Half yearly
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 14-11-2025   16:30:00
End date and time of board meeting 14-11-2025   20:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 09-12-2024
Indicate Company website link for updated RPT policy of the Company https://www.markolines.com/investors/code-and-policies/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 15,038.82 15,038.82
Other income 326.08 326.08
Total income 15,364.90 15,364.90
2 Expenses
(a) Cost of materials consumed 4,884.31 4,884.31
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (3,073.33) (3,073.33)
(d) Employee benefit expense 850.77 850.77
(e) Finance costs 294.40 294.40
(f) Depreciation, depletion and amortisation expense 337.68 337.68
(f) Other Expenses
1 Other Expenses 10,949.78 10,949.78
Total other expenses 10,949.78 10,949.78
Total expenses 14,243.61 14,243.61
3 Total profit before exceptional items and tax 1,121.29 1,121.29
4 Exceptional items 0.00 0.00
5 Total profit before tax 1,121.29 1,121.29
6 Tax expense
7 Current tax 0.00 0.00
8 Deferred tax 24.74 24.74
9 Total tax expenses 24.74 24.74
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 1,096.55 1,096.55
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 1,096.55 1,096.55
17 Other comprehensive income net of taxes 2.61 2.61
18 Total Comprehensive Income for the period 1,099.16 1,099.16
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 2,200.45 2,200.45
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 3.53 3.53
Diluted earnings (loss) per share from continuing operations 3.53 3.53
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 3.53 3.53
Diluted earnings (loss) per share from continuing and discontinued operations 3.53 3.53
24 Debt equity ratio 0.34 0.34
25 Debt service coverage ratio 0.32 0.32
26 Interest service coverage ratio 5.96 5.96
27 Disclosure of notes on financial results



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 2,834.60
Capital work-in-progress 129.39
Investment property 0.00
Goodwill 0.00
Other intangible assets 24.60
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method
Non-current financial assets
Non-current investments 3,630.21
Trade receivables, non-current
Loans, non-current 0.00
Other non-current financial assets
Total non-current financial assets 3,630.21
Deferred tax assets (net) 126.83
Other non-current assets 6,231.61
Total non-current assets 12,977.24
2 Current assets
Inventories 3,821.30
Current financial asset
Current investments 0.00
Trade receivables, current 10,499.32
Cash and cash equivalents 58.83
Bank balance other than cash and cash equivalents 0.00
Loans, current 51.40
Other current financial assets
Total current financial assets 10,609.55
Current tax assets (net)
Other current assets 1,745.24
Total current assets 16,176.09
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 29,153.33
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2,204.09
Other equity 16,017.25
Total equity attributable to owners of parent 18,221.34
Non controlling interest
Total equity 18,221.34
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 850.66
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
Total non-current financial liabilities 850.66
Provisions, non-current 36.08
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities 16.86
Total non-current liabilities 903.60
Current liabilities
Current financial liabilities
Borrowings, current 5,197.84
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 2,976.51
Total Trade payable 2,976.51
Other current financial liabilities
Total current financial liabilities 8,174.35
Other current liabilities 379.43
Provisions, current 1,448.09
Current tax liabilities (Net) 26.52
Deferred government grants, Current
Total current liabilities 10,028.39
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 10,931.99
Total equity and liabilites 29,153.33
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Major Maintenance (MMR) 4,758.02 4,758.02
2 Specialised Construction 3,009.14 3,009.14
3 Unallocated 0.0018229 0.0018229
Total Segment Revenue 7,949.45 7,949.45
Less: Inter segment revenue
Revenue from operations 7,949.45 7,949.45
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Major Maintenance (MMR) 504.79 504.79
2 Specialised Construction 709.97 709.97
3 Unallocated (624.29) (624.29)
Total Profit before tax 590.47 590.47
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax 590.47 590.47
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Major Maintenance (MMR) 0.00 0.00
2 Specialised Construction 0.00 0.00
3 Unallocated 0.00 0.00
Total Segment Asset 0.00 0.00
Un-allocable Assets 0.00 0.00
Net Segment Asset 0.00 0.00
4 Segment Liabilities
Segment Liabilities
1 Major Maintenance (MMR) 0.00 0.00
2 Specialised Construction 0.00 0.00
3 Unallocated 0.00 0.00
Total Segment Liabilities 0.00 0.00
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 0.00 0.00
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 (a) Items that will not be reclassified to Profit & Loss 349000 349000
Total Amount of items that will not be reclassified to profit and loss 3.49
2 Income tax relating to items that will not be reclassified to profit or loss 0.88 0.88
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 2.61 2.61



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax
Adjustments for reconcile profit (loss)
Adjustments for finance costs 294.40
Adjustments for decrease (increase) in inventories (3,025.06)
Adjustments for decrease (increase) in trade receivables, current 7,151.27
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (1,114.72)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (1,314.67)
Adjustments for increase (decrease) in trade payables, non-current (25.44)
Adjustments for increase (decrease) in other current liabilities (1,616.34)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 337.68
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 745.82
Adjustments for provisions, non-current (11.68)
Adjustments for other financial liabilities, current 26.52
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 170.66
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 775.01
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 2,052.13
Net cash flows from (used in) operations 3,173.42
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 318.61
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 2,854.81
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 1,491.38
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 13.98
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 170.66
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (679.31)
Net cash flows from (used in) investing activities (2,014.01)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 45.05
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 84.17
Repayments of borrowings 0.00
Payments of lease liabilities 0.00
Dividends paid 330.07
Interest paid 294.40
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (338.06)
Net cash flows from (used in) financing activities (833.31)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 7.49
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 7.49
Cash and cash equivalents cash flow statement at beginning of period 51.31
Cash and cash equivalents cash flow statement at end of period 58.80





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Jay Gupta & Associates Yes 31-07-2027


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Others
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 27-06-2025
Amount Raised 45,04,500.00
Report filed for Quarter ended 30-09-2025
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation false
Comments of the Audit Committee after review No comments received
Comments of the auditors, if any No comments received
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 General Corporate expenses (Not exceeding Rs.6,00,00,000) - 0.00 0.00 0.00 0.00
2 Working capital expenditure, Equipment purchase (CAPEX), Business expansion, Repayment of existing loans - 45,04,500.00 0.00 45,04,500.00 0.00


Signatory Details

Name of signatory Sanjay Patil
Designation of person Managing Director
Place Navi Mumbai
Date 14-11-2025




Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Markolines Pavement Technologies Limited Sanjay Patil Chairman & Managing Director Loan Omnibus approval of audit committee 508.62 (725.07) (216.45) Loan 8.80 1 year Loan 8.80 1 year Unsecured For business operations
2 Markolines Pavement Technologies Limited Sanjay Patil Chairman & Managing Director Remuneration Omnibus approval of audit committee 63.00 0.00 0.00
3 Markolines Pavement Technologies Limited Vijay Oswal Chief Financial Officer Remuneration Omnibus approval of audit committee 51.00 0.00 0.00
4 Markolines Pavement Technologies Limited Praveen Panchal Director Remuneration Omnibus approval of audit committee 30.00 0.00 0.00
5 Markolines Pavement Technologies Limited Anil Nikam CEO Remuneration Omnibus approval of audit committee 27.63 0.00 0.00
6 Markolines Pavement Technologies Limited Kirtinandini Patil Director Any other transaction Director sitting fee Omnibus approval of audit committee 1.00 0.00 0.00
7 Markolines Pavement Technologies Limited Akash Phatak Director Any other transaction Director sitting fee Omnibus approval of audit committee 0.90 0.00 0.00
8 Markolines Pavement Technologies Limited Vaishali Tarsariya Director Any other transaction Director sitting fee Omnibus approval of audit committee 0.60 0.00 0.00
9 Markolines Pavement Technologies Limited Anjali Patil Director Any other transaction Director sitting fee Omnibus approval of audit committee 0.60 0.00 0.00
10 Markolines Pavement Technologies Limited UniqueUHPC Markolines LLP Group entity Investment Omnibus approval of audit committee 863.66 1,872.37 2,736.03
11 Markolines Pavement Technologies Limited UniqueUHPC Markolines LLP Group entity Sale of goods or services Omnibus approval of audit committee (34.65) 34.65 0.00
12 Markolines Pavement Technologies Limited Markolines - Evrascon JV Group entity Investment Omnibus approval of audit committee 627.72 265.70 893.42
13 Markolines Pavement Technologies Limited Markolines Infra Limited Group company Loan Omnibus approval of audit committee 2,522.95 0.00 0.00 Loan 8.35 3 months Textual Information(1)
14 Markolines Pavement Technologies Limited Markolines Infra Limited Group company Loan Omnibus approval of audit committee (2,522.95) 0.00 0.00 Loan 8.35 3 months Textual Information(2)
15 Markolines Pavement Technologies Limited Markolines Infra Limited Group company Sale of goods or services Omnibus approval of audit committee (2.62) 225.02 222.40
16 Markolines Pavement Technologies Limited Pranav Chaware Company Secretary Remuneration Omnibus approval of audit committee 4.31 0.00 0.00
17 Markolines Pavement Technologies Limited Markolines Technologies Private Limited Group company Purchase of goods or services Omnibus approval of audit committee 50.43 (54.81) (4.38)
Total value of transaction during the reporting period 2,192.20



Text Block

Textual Information(1) During the year, loan taken of ₹2522.95 lacs and was repaid suring the year.
Textual Information(2) During the year, loan taken of ₹2522.95 lacs and was repaid suring the year.