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Coal & Mining company Midwest Gold announced Q4FY26 & FY26 results Consolidated Financial Highlights: Total Income: For Q4FY26, consolidated total income stood at Rs 688.87 lakh, representing a significant QoQ increase of 379.55% from Rs 143.65 lakh in Q3FY26. For FY26, total income reached Rs 1,053.23 lakh, up 825.18% YoY from Rs 113.84 lakh in FY25. Revenue from Operations: Consolidated revenue for Q4FY26 was Rs 575.98 lakh, a QoQ increase of 378.27% compared to Rs 120.43 lakh in Q3FY26. Annual revenue For FY26 stood at Rs 865.91 lakh, marking a massive YoY growth of 1,016.15% from Rs 77.58 lakh in FY25. Net Profit/Loss: The Group reported a consolidated net loss of Rs 345.11 lakh in Q4FY26, compared to a loss of Rs 325.21 lakh in Q3FY26. For FY26, the consolidated net loss widened to Rs 1,400.69 lakh, compared to a loss of Rs 683.83 lakh in FY25. Total Comprehensive Income: The consolidated total comprehensive loss For FY26 was Rs 1,400.69 lakh, compared to a loss of Rs 682.18 lakh in FY25. Standalone Financial Highlights: Total Income: For Q4FY26, standalone total income was Rs 614.46 lakh, showing a QoQ decrease of 72.59% from Rs 2,241.61 lakh in Q3FY26. However, For FY26, standalone total income grew 750.69% YoY to Rs 3,199.21 lakh from Rs 376.07 lakh in FY25. Revenue from Operations: Standalone revenue for Q4FY26 stood at Rs 409.50 lakh, compared to Rs 2,036.39 lakh in Q3FY26. On an annual basis, FY26 revenue reached Rs 2,446.41 lakh, up 2,596.96% YoY from Rs 90.71 lakh in FY25. Net Profit/Loss: The company achieved a standalone net profit of Rs 22.32 lakh in Q4FY26, a decrease from the Rs 151.39 lakh profit reported in Q3FY26. For FY26, the company reported a net profit of Rs 279.59 lakh, a significant turnaround from the net loss of Rs 304.27 lakh in FY25. Earnings Per Share (EPS): Standalone EPS For FY26 stood at Rs 2.47, compared to a negative EPS of Rs 6.69 in FY25. Business Highlights: Corporate Name Change: The company changed its name from Midwest Gold Limited to Midwest Energy Limited, effective May 25, 2026. Amalgamation: The Scheme of Amalgamation of Midwest Energy Private Limited with the company became effective from July 01, 2025. Consequently, comparative financial information for previous periods has been restated. Segment-wise Performance: Renewable energy & power storage systems: This segment contributed the majority of the revenue, standing at Rs 2,525.90 lakh For FY26. Rare-earth materials and magnets: This segment recorded Rs Nil revenue For FY26, compared to a nominal Rs 0.16 lakh in FY25. Others: This segment contributed Rs 376.40 lakh to the total revenue For FY26. Fund Utilization: The company raised Rs 15,000.05 lakh through a preferential allotment of 10,00,000 equity shares at Rs 1,500/- per share. As of March 31, 2026, Rs 13,531.31 lakh has been utilized, including Rs 8,000.00 lakh for the repayment of unsecured loans and Rs 1,998.27 lakh for the acquisition of equipment and machinery. A further Rs 17,015.00 lakh was raised via another preferential issue of 8,50,750 equity shares at Rs 2,000/- per share, of which Rs 8,000.00 lakh was utilized for loan repayment. Audit Qualification: The statutory auditors issued a qualified opinion regarding the classification of Rs 2,558.10 lakh as "Intangible Assets Under Development," noting that the company has not provided sufficient evidence to demonstrate that the recognition criteria under Ind AS 38 have been met. Result PDF

• Trendlyne
• 2 weeks 3 days ago

Coal & Mining company Midwest Gold announced Q3FY26 results Revenue: Rs 120.43 lakh against Rs 120.12 lakh during Q2FY26, change 0%. PAT: Rs -325.21 lakh against Rs -352.43 lakh during Q2FY26. EPS: Rs -2.61 for Q3FY26. Result PDF

• Trendlyne
• 4 months 1 week ago