Madno means beloved, Dilbaro means a beloved too, and Mashuko is a beloved again. The meanings vary like Madno is something like saajnaa, while dilbaro is like dilbar of urdu only. Mashuko is like Mashuka of Urdu again.
Here are the Kashmiri lyrics of the song.
Beh chus shab che subah,
Meelith doshvay juda
Beh chus lab che dua,
Meelith doshvay juda…
I am the night and you are morning,
being together too we are apart,
i am lips, you are prayer,
being together too we are apart..