Midwest Limited has informed the Exchange about Investor Presentation
MIDWESTLTD · price
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Midwest Limited shared its Q3FY26 results showing revenue of Rs. 128.86 Cr (up 10% YoY), EBITDA of Rs. 30.54 Cr (up 30.7% YoY) with margin expansion to 23.70% from 19.95%, and PAT of Rs. 17.36 Cr (up 19.7% YoY). For 9MFY26, revenue rose 8.5% YoY to Rs. 429.81 Cr, EBITDA grew 19.5% to Rs. 116.05 Cr with margins at 27%, and adjusted PAT was up 17.6% at Rs. 69.45 Cr. Key strategic updates include a 30-year quarry lease from Andhra Pradesh, plans to set up a wholly-owned subsidiary in Sierra Leone for HMS reserves, a new Galaxy mine expected to start in Q4FY26, and a revised plan to add an HPQ line alongside Quartz Phase II. Management outlined a 3-4 year vision targeting 2.5x+ revenue growth, 3x+ profit growth, Rs. 300 Cr capex, and 35% ROCE.
Margin expansion and strong YoY growth in both Q3 and 9MFY26, coupled with a clear multi-year growth roadmap, signal a positive business trajectory. The QoQ decline from a strong Q2 may cause near-term volatility, but new mine leases and rare earth/HMS expansion plans provide long-term growth visibility for shareholders.