Midwest Ltd

Midwest Ltd Expands Operations & Reports Steady Growth 📈

- Received 30-year quarry lease from Government of Andhra Pradesh for colored quartzite extraction

- Advancing HPQ line to Phase II (from Phase III)

- Establishment of subsidiary in Sierra Leone for HMS expansion

- Expected production commencement at 10.9-hectare Galaxy mine in Q4FY26

- Aiming to become top global producer in quartz grit, titanium feedstock, and rare earth oxides

- Q3FY26 net revenue Rs. 128.86 Cr, up 10.02% YoY

- Nine-month revenue growth of 9% YoY

- EBITDA rose 30.70% YoY to Rs. 30.54 Cr in Q3FY26

- Nine-month EBITDA growth of 19% YoY

- PAT growth of 18% YoY for nine-month period