ALFA Finder| 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
- ₹985.00
- Market cap
- ₹3,562 Cr
- Revenue (annual)
- ₹645.6 Cr
- Net profit (annual)
- ₹104.8 Cr
- P/E (TTM)
- 31.7×Sector 33.5×
- Promoter holding
- 77.12%+0.00% QoQ
- FII holding
- 3.84%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Midwest Ltd
All →Midwest Earnings Call Transcript: Key Takeaways
H1 FY27 revenue +24%, PAT ~+17%, but operating cash flow turned negative on receivables, inventory and early payables. Quartz hit 16k tons in Q2 and is still ramping. Management is confident on targets; its cash-flow explanation is defensive.
- Call
- Guides 150% growth
Midwest Q2 FY27 Results: Net Profit ₹30.2 Cr, Up 9.0% YoY
Midwest Ltd reported revenue from operations of ₹182.5 Cr (+15.0% YoY) and net profit of ₹30.2 Cr (+9.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹30.2 Cr · +9.0% YoY
Midwest Board Meeting Date
Midwest Limited has scheduled a board meeting for November 10, 2026. The board will consider and approve the company's standalone and consolidated financial results.
Midwest Other Announcement
Midwest Ltd filed its quarterly shareholding pattern for the quarter ended 30 September 2026. Promoters hold 77.12% of equity; public holds 22.88%.
Midwest Other Announcement
Midwest Ltd has filed its quarterly shareholding pattern for the period ended September 30, 2026. The report details the promoter and public shareholding information.
Midwest Adverse Business Impact
Midwest Ltd's Chimakurthy granite mine faces a DGMS prohibitory order halting extraction after a side collapse. Operations are suspended until the danger is removed, with no fine imposed.