Outcome of the Board Meeting

Revenue growth above 20%Profit growth above 25%EBITDA margin expansionExceptional itemResults View source PDF Explain this filing

MIDWESTLTD · price

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Price reactionminutes from the announcement price · days from the prior close

-3.1%Reaction day

₹1509.40

prior close

₹1464.60

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-2.6% vs market

Granites & Marbles peers, median of 7sector+0.0%-3.1% vs sector

On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 3.1 pts less than its Granites & Marbles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Granites & Marbles peers, median of 7Pending

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AI summary

Midwest Limited's board, meeting on Feb 12, 2026, approved unaudited standalone and consolidated results for Q3 FY26 and 9M FY26, along with a shift of registered office to Financial District, Hyderabad. On a standalone basis, Q3 revenue from operations rose ~42% YoY to ₹1,030.43 Mn (vs ₹723.52 Mn) and profit after tax jumped ~160% YoY to ₹288.76 Mn (EPS of ₹8.09). For 9M FY26, standalone revenue grew ~35% YoY to ₹3,039.89 Mn and PAT rose ~40% to ₹720.54 Mn. Consolidated Q3 revenue grew ~10% YoY to ₹1,288.57 Mn with PAT of ₹173.64 Mn (~20% YoY growth); however, 9M FY26 consolidated PAT at ₹694.53 Mn was lower than ₹848.32 Mn in 9M FY25, largely because the prior period included an exceptional item of ₹257.88 Mn. This is the company's first quarterly disclosure after its Oct 24, 2025 listing on NSE/BSE via a ₹4,510 Mn IPO; ₹1,628 Mn of net IPO proceeds remained unutilized as of Dec 31, 2025, parked in short-term bank deposits. Auditor M S K A & Associates LLP issued an unmodified limited review report on both sets of results.

Likely market impact

Strong standalone Q3 performance—double-digit revenue growth and triple-digit profit growth—signals robust operating momentum and should be viewed positively by shareholders. The optical decline in consolidated 9M PAT is a base-effect distortion from a one-time prior-period exceptional item; underlying PBT actually grew. The office relocation is administrative and has no financial impact.