Midwest Share Price

Construction Materials company Midwest announced Q4FY26 & FY26 results Consolidated Financial Highlights: Total Income: Reported at Rs 2,184.38 million for Q4FY26. This reflects a growth of 62.86% QoQ (compared to Rs 1,341.22 million in Q3FY26) and a decrease of 5.97% YoY (compared to Rs 2,323.12 million in Q4FY25). For FY26, the total income was Rs 6,597.75 million, an increase of 2.59% YoY (compared to Rs 6,431.42 million in FY25). Net Profit: For Q4FY26, the net profit was Rs 370.23 million, representing a growth of 113.22% QoQ (compared to Rs 173.64 million in Q3FY26) and a decrease of 23.61% YoY (compared to Rs 484.67 million in Q4FY25). For FY26, the net profit was Rs 1,064.76 million, a decrease of 20.12% YoY (compared to Rs 1,332.99 million in FY25). Standalone Financial Highlights: Total Income: Reported at Rs 1,225.07 million for Q4FY26. This reflects a growth of 12.37% QoQ (compared to Rs 1,090.25 million in Q3FY26) and a decrease of 16.64% YoY (compared to Rs 1,469.61 million in Q4FY25). For FY26, the total income was Rs 4,387.64 million, an increase of 8.51% YoY (compared to Rs 4,043.51 million in FY25). Net Profit: For Q4FY26, the net profit was Rs 255.74 million, a decrease of 11.44% QoQ (compared to Rs 288.76 million in Q3FY26) and a decrease of 30.68% YoY (compared to Rs 368.93 million in Q4FY25). For FY26, the net profit was Rs 976.28 million, an increase of 10.34% YoY (compared to Rs 884.73 million in FY25). Business Highlights: Segment-wise Performance: Granite: Revenue for Q4FY26 was Rs 2,146.02 million. For FY26, the revenue was Rs 6,339.84 million. Quartz: Revenue for Q4FY26 was Rs 13.43 million. For FY26, the revenue was Rs 18.40 million. Others: Revenue for FY26 was Rs 120.77 million. Company Appointment: The Board of Directors approved the appointment of Mr. K. Achyutanand Reddy as the Company Secretary & Compliance Officer of the Company, effective May 26, 2026. General: The Company is primarily engaged in the business of exploration, extraction, manufacturing, processing, and sale of dressed granite blocks, slabs, quartz, and diamond cutting wires. Result PDF

• Trendlyne
• 4 days 11 hours ago

The Nebraska State Legislature in the US has adopted a resolution recognising the celebration of Deepavali, in what the Indian mission in Seattle described as a "historic" move for the state's Hindu community. The resolution was sponsored by State Senator John Frederickson and signed by Speaker John Arch on March 31. The adoption of the resolution is a "historic" development for the Indian diaspora in the American Midwest and marks a "watershed moment" for the approximately 9,000 Hindus who call the "Cornhusker State" (Nebraska's official nickname) home, the Consulate General of India in Seattle said in a statement. The Consulate noted that Frederickson, whose district includes the Hindu Temple of Omaha established in 1993, has been a "long-time ally" of the community, frequently attending temple events. While Hindus account for less than one per cent of Nebraska's population, the passage of resolution LR 424 signals an "era of deep cultural integration and respect," it said. The

• Business Standard
• 1 month 4 weeks ago

Construction Materials company Midwest announced Q3FY26 results Revenue: Rs 128.86 crore against Rs 117.12 crore during Q3FY25, change 10%. EBITDA: Rs 30.54 crore against Rs 23.37 crore during Q3FY25, change 31%. EBITDA Margin: 23.7% for Q3FY26. PBT: Rs 22.5 crore against Rs 20.09 crore during Q3FY25, change 12%. PAT: Rs 17.36 crore against Rs 14.51 crore during Q3FY25, change 20%. EPS: Rs 0.1348 for Q3FY26. Kollareddy Ramachandra Promoter, Whole-time Director & CEO, said: Midwest Limited, a leading quartz processor and India’s largest producer of Black Galaxy and Absolute Black Granite, is expanding into Heavy Mineral Sands and Rare Earth Minerals. The Union Budget 2026–27 announcement of Dedicated Rare Earth Corridors for mining, processing, research, and manufacturing of Rare Earth Permanent Magnets (REPMs) further strengthens the sector outlook for Midwest. I am happy to share that we also received a 30-year quarry lease work order from the Government of Andhra Pradesh for extraction of colored quartzite blocks useful for cutting and polishing. Coming to 9MFY26 performance, I am pleased to share that Revenue, EBITDA, and PAT grew by 9%, 19%, and 18% YoY, respectively. Backed by strong leadership, diversified reserves, and operational excellence, we are progressing toward becoming a world-class integrated materials processing company. We remain steadfast in our pursuit of the long-term vision of becoming one of the world’s top three producers of Quartz Grit and Powder, South East Asia’s largest producer of Titanium feedstock, and among the world’s leading producers of Rare Earth Oxides. Result PDF

• Trendlyne
• 3 months 2 weeks ago