Midwest Limited (MIDWESTLTD) Financial Results — Revenue ₹645.62 Cr

1 Financial Results 🔴 High Importance Neutral 📄 PDF

📢 Key Event
Midwest Limited announces audited financial results for Q4 FY26 with significant PAT growth

🔄 What Changed
PAT grew 113% QoQ to ₹37.02 crores; EBITDA up 91% to ₹58.32 crores; EBITDA margin reached 27.03%

🔮 What's Next
Plans to double quartz processing capacity to 606,600 MTPA by expanding the commissioned 303,600 MTPA plant; targeting export markets including China, India, and Turkey

💡 Investor Takeaway
Strong margin expansion and PAT growth signal improving profitability despite slight YoY revenue decline, supporting long-term growth in mineral exports

Midwest Limited reported consolidated revenue of ₹215.81 crores for Q4 FY26, up 68% QoQ, with PAT surging 113% to ₹37.02 crores. EBITDA grew 91% QoQ to ₹58.32 crores, reflecting strong margin expansion. Revenue declined 6.25% YoY, but 3-year CAGR remains robust at 25.06%. The company achieved a record 27.03% EBITDA margin and 17.16% PAT margin, driven by operational efficiencies and scale in quartz and mineral processing. Strategic capacity expansion to 606,600 MTPA and entry into titanium and rare earth segments position it for long-term growth in high-demand markets.

2 Financial Results Neutral 📄 PDF

📢 Key Event
Audio recording of earnings conference call made available

💡 Investor Takeaway
Investors can now access the audio recording to review the company's financial discussion.

Midwest Limited announced that the audio recording of its earnings conference call for the quarter and year ended March 31, 2026, held on May 27, 2026, is now available on its website at the provided link for investors to access.

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