| Revenue growth | 3% YoY growth in FY26. |
|---|---|
| Margins | Stable granite margins; Quartz margins impacted by fixed costs/glitches. |
| Demand visibility | Strong demand for Galaxy granite in China and Middle East. |
| Management confidence | High on green energy transition and new mining leases. |
Growth
FY26 revenue ₹645cr vs ₹626cr YoY. Q4 consolidated revenue ₹215cr; granite standalone EBITDA 27.55%.
Outlook
Guiding 10-12% granite growth. Phase 2 Quartz capex ₹130cr. Targeted ₹400cr Quartz and ₹350-400cr HMS revenue in 4 years.
Risks
Logistics issues due to war impacted Q4 sales by ₹25cr. Fuel costs and monazite policy delays are key headwinds.
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