Midwest Ltd

🚀 Midwest Ltd Reports Strong Growth & Expansion in Q2FY26

- Revenue for Q2FY26 grew by 12.38% YoY to ₹158.69 Cr; H1FY26 revenue at ₹300.96 Cr, up 7.92% YoY.

- EBITDA for Q2FY26 increased by 51.91% YoY to ₹46.53 Cr; H1FY26 EBITDA at ₹85.50 Cr, up 15.93% YoY.

- PAT for Q2FY26 surged by 79.54% YoY to ₹27.71 Cr; H1FY26 PAT (adjusted) rose by 16.95% YoY to ₹52.09 Cr.

- Commissioned Phase I of Quartz Processing Plant (303,600 MTPA capacity) in September 2025.

- Secured permissions for new Black Galaxy Granite Mine and Letter of Interest from KMML for Monazite cracking pilot project.

- Working capital efficiency improved by 18%, reducing days from 120 in FY25 to 99 in H1FY26.

- Diversifying into Heavy Mineral Sands (HMS) and Rare Earth Materials (REE) with exploration licenses in Sri Lanka.

- Focus on innovation: electric dressing stations and solar power generation.