Outcome of Board Meeting held on 26th May 2026
MIDWESTLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Midwest Ltd reported audited standalone FY2026 results with revenue from operations of ₹4,217.71 Mn (up 14% from ₹3,697.35 Mn) and profit after tax of ₹976.28 Mn (up 10.3% from ₹884.73 Mn). Consolidated revenue was ₹6,456.18 Mn with PAT of ₹1,064.76 Mn, but this represents a 20% decline from ₹1,332.99 Mn in the prior year, primarily due to an exceptional item of ₹257.88 Mn arising from loss of control of a subsidiary. The company listed its IPO on NSE and BSE in October 2025, raising ₹4,510 Mn. The Board also appointed Mr. K. Achyutanand Reddy as Company Secretary & Compliance Officer. Auditors issued unmodified opinions on both standalone and consolidated financial statements.
The standalone operations show healthy growth, but consolidated profit declined significantly due to the exceptional item. Shareholders should note the clean audit opinion and the company's post-IPO expansion plans, though the PAT decline may weigh on near-term stock sentiment.