ALFA Finder| 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
- ₹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.