| Management target | Revenue 150.0% next 3-4 years |
|---|
| Revenue growth | 35% YoY in Q1FY27 |
|---|---|
| Margins | EBITDA margin at 25.47% vs 27.39% YoY |
| Demand visibility | Strong quartz demand driven by solar glass and engineered stone sectors |
| Management confidence | High; aiming for 2.5x revenue growth |
Growth
Q1FY27 Revenue grew 35% YoY to ₹191.84 Cr; EBITDA rose 25.4% to ₹48.87 Cr; PAT increased 27.3% to ₹31.04 Cr.
Outlook
Targets 2.5x revenue and 3x profitability growth over 3-4 years, backed by ₹300 Cr capex and Quartz capacity doubling.
Risks
Risks include fiscal policy changes, global competition, inflationary pressures, and demand/supply volatility in international natural stone markets.
Last quarter's promises, checked
Delivered
- Guided 60% Quartz Phase 1 utilization → delivered Sept-25 commissioning (= BEAT)
- Guided debt reduction → delivered ₹50 Cr reduction to ₹171.83 Cr (= BEAT)
- Guided 10-13% granite growth → delivered 35% YoY revenue growth (= BEAT)
Partly delivered
- Guided Quartz Phase 2 Q4FY26 commissioning → delivered Sept-25 Phase 1 only (= PARTIAL)
Investor Presentation filed with NSE, 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 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
Midwest Earnings Call: Key Takeaways
Midwest Ltd reported FY26 revenue of ₹645cr (3% growth) with EBITDA at 27.01%. Strategy shifts toward Quartz and Rare Earth oxides alongside core granite operations.