Midwest Q4 FY26 results (Jan–Mar 2026) and concall

Consumer Durables · Concall AI · Call held 27 May 2026

Company page: Midwest share price, financials & guidance record

Midwest Limited reported a 3% YoY revenue growth for FY26, reaching INR 645 crores, with improved Q4 EBITDA margins. The company made strategic advancements in new mining leases and Rare Earths projects, while also reducing debt. However, Q4 granite sales faced headwinds from logistics, and initial Quartz production issues impacted profitability.

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What they filed

Q4 FY26: revenue down 6.1%, net profit down 22.9% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26
Revenue	141	117	230	142	159 +13%	129 +10%	216 −6%
Expenses	111	94	156	103	112	98	157
EBITDA	31	23	75	39	47 +52%	31 +35%	58 −23%
Margin	22%	20%	32%	27%	29%	24%	27%
Other income	4	6	2	4	2	5	3
Interest	2	3	3	4	4	5	2
Depreciation	6	6	8	7	7	9	8
Profit before tax	27	20	66	33	38 +41%	22 +10%	51 −23%
Tax rate	42%	28%	26%	26%	26%	23%	27%
Net profit	15	15	48	24	28 +87%	17 +13%	37 −23%
EPS	4.40	4.18	13.95	6.86	8.22	5.06	9.83

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.

What they filed

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