Midwest Limited has submitted to the Exchange, the standalone and consolidated financial results for the period ended March 31, 2026.
MIDWESTLTD · price
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Midwest Limited reported audited standalone net profit of Rs. 976.28 million for FY2026, up 10.3% from Rs. 884.73 million in FY2025, with total income of Rs. 4,387.64 million. Consolidated net profit stood at Rs. 1,064.76 million versus Rs. 1,332.99 million in the prior year, impacted by a Rs. 257.88 million exceptional item due to loss of control of a subsidiary. The company listed on NSE and BSE in October 2025 via an IPO raising Rs. 4,510 million. The Board also approved the appointment of Mr. K. Achyutanand Reddy as Company Secretary & Compliance Officer effective 26 May 2026. Auditors M S K A & Associates LLP issued an unmodified opinion.
Solid standalone profitability growth, but the consolidated profit dip due to the exceptional item and the significant IPO deployment (only Rs. 646.81 million of Rs. 2,296.25 million utilized as of March 2026) may warrant attention from investors tracking capital deployment efficiency.