| Revenue growth | FY26 revenue ₹645.62cr vs ₹626.18cr in FY25. |
|---|---|
| Margins | EBITDA margin stable at 27.01%; PAT margin 16.49%. |
| Demand visibility | High for solar glass and engineered stone sectors. |
| Management confidence | Strong outlook on quartz and rare earth diversification. |
Growth
Q4FY26 revenue, EBITDA, and PAT grew 68%, 91%, and 113% QoQ respectively. FY26 Revenue grew 3% YoY.
Outlook
Targeting 2.5x revenue and 3x profit growth in 3-4 years. Planned ₹300cr capex and expansion into Sierra Leone.
Risks
Segment concentration in granite (96% revenue) and risks from fiscal policy, competition, and inflationary pressures.
Earnings Call filed with BSE, NSE: MIDWESTLTD. Summary written with AI assistance from the document.
Midwest Ltd: key numbers
- Share price
- ₹929.50
- Market cap
- ₹3,361 Cr
- Revenue (annual)
- ₹645.6 Cr
- Net profit (annual)
- ₹104.8 Cr
- P/E (TTM)
- 30.3×Sector 33.0×
- Promoter holding
- 77.12%-0.01% QoQ
- FII holding
- 3.88%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Midwest Ltd
All →Midwest Other Announcement
Midwest Limited informed exchanges about the dispatch of physical letters to shareholders with unregistered emails, providing links to the 45th AGM notice and Annual Report.
Midwest Annual Report
Midwest Ltd has filed its Annual Report for FY 2025-26 and the notice for its 45th Annual General Meeting. This report is now available to shareholders.
Midwest Annual General Meeting
Midwest Ltd has issued a notice convening its 45th Annual General Meeting to be held on September 28, 2026, through video conferencing.
Midwest Earnings Call Transcript: Key Takeaways
Midwest Ltd reported strong growth in Granite but faced margin pressure from extreme diesel price volatility. Management is pivoting toward higher-margin Rare Earths and Quartz expansion to diversify revenue.
- Call
- Guides 30% growth
Midwest Investor Presentation: Key Takeaways
Midwest Limited delivered strong Q1FY27 results with 35% YoY revenue growth. The company is pivoting from granite dominance toward high-growth verticals like Quartz and Rare Earth Materials.
- Call
- Guides 150% growth
Midwest Q1 FY27 Results: Net Profit ₹31 Cr, Up 27.0% YoY
Midwest Ltd reported revenue from operations of ₹191.8 Cr (+34.8% YoY) and net profit of ₹31 Cr (+27.0% YoY) for Q1 FY27.
- Key figure
- Net profit ₹31 Cr · +27.0% YoY