ALFA Finder| 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
- ₹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 Other Announcement
Midwest Ltd filed its quarterly BSE shareholding pattern for the quarter ended 30 September 2026. The filing is routine SEBI Reg 31 disclosure with no transaction.
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.