| Management target | Revenue 30.2% FY27 |
|---|
| Revenue growth | 35% YoY growth reported for Q1 FY27. |
|---|---|
| Margins | EBITDA margins down 190 bps due to diesel cost spikes. |
| Demand visibility | Strong export demand from China; diversifying into Rare Earths. |
| Management confidence | Confident, focusing on operational electrification to counter fuel volatility. |
Growth
Revenue grew 35% YoY driven by Granite; Quartz started with ₹5cr revenue targeting 15,000 tons/month throughput.
Outlook
FY27 revenue guidance is ₹840cr vs ₹645cr in FY26; Quartz phase 2 commissioning in 10-12 months.
Risks
Heavy dependence on diesel prices (13% of costs) and potential execution delays in international projects like Sri Lanka.
Last quarter's promises, checked
Delivered
- Guided Quartz Phase 1 stabilization → delivered 15,000 tons/month ramp-up (= BEAT)
- Guided 3-4% price hikes in Granite → delivered 3-5% hike (= BEAT)
- Guided debt reduction → delivered ₹50cr reduction (= BEAT)
Partly delivered
- Guided Quartz Phase 2 commissioning in 10-12 months → delivered project underway (= PARTIAL)
- Guided Sri Lanka policy finalization by June → delivered policy finalized (= PARTIAL)
Missed
- Guided stable margins → delivered 190 bps EBITDA margin contraction (= MISS)
Earnings Call Transcript 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 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
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.