Midwest Ltd

🚀 Midwest Ltd Expands Capacity & Diversifies: Key Growth Updates & Financial Highlights

- Commissioned Phase 1 of 303,000 metric ton/year quartz plant; Phase 2 to double capacity to 606,000 metric tons.

- Diversifying into heavy mineral sands & rare earth materials, with operations starting FY 2027.

- Targeting 15-20% reduction in energy consumption & carbon footprint via electric dump trucks & solar integration.

- Future goals: 2.5x revenue growth from FY 2025 baseline, 35% ROCE, and 3x profitability in 3-4 years.

- India’s largest producer of Black Galaxy & Absolute Black Granite—20% of Black Galaxy production & 64% of exports in FY '25.

- CRISIL upgraded credit rating from 'CRISIL A-' to 'CRISIL A stable'.

- Received LOI from Kerala Mines & Minerals for monazite cracking pilot project.

- H1 FY '26: Revenue up 8% to ₹301 Cr, EBITDA up 16% to ₹86 Cr, working capital days improved from 120 to 99.

- Q2 FY '26: EBITDA grew 52% YoY, PAT up 80% YoY, EBITDA margins exceeded 29%.

- Raised ₹250 Cr via IPO for Phase 2 expansion, electric vehicles, solar integration, and debt repayment.