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Midwest Ltd

Q2 FY27Consumer Durables

Midwest Q2 Results 2026 (FY27) statement: Revenue & Margins

Q2 FY27 results statement: what the company reported on revenue, margins and capex.

Revenue
₹183Cr
Net profit
₹30Cr
Margin
26.1%

Midwest Ltd Q2 FY27 key numbers

Revenue
Quarterly revenue (consolidated): ₹1,825.41 million for Q2 FY 2026 (Sep 30, 2026) vs ₹1,586.91 million for Q2 FY 2025, showing approx. 15% YoY growth in net segment revenue.

As stated in Midwest Ltd's Q2 FY27 results statement · published 10 Nov 2026. Reported figures, not investment advice.

Based on Midwest Ltd's Q2 FY27 results statement. The company has not published an earnings-call transcript for this quarter, so figures here are what the results statement reports, not management guidance.

Price₹1,006
Market cap₹3.6K Cr
P/E32.0

The short version

Quarterly revenue (consolidated): ₹1,825.41 million for Q2 FY 2026 (Sep 30, 2026) vs ₹1,586.91 million for Q2 FY 2025, showing approx. 15% YoY growth in net segment revenue (Page 13). EBITDA and Operating Margin:.

From Midwest Ltd's Q2 FY27 earnings-call transcript · updated 10 Nov 2026.

How did Midwest's revenue grow in the September 2026 quarter?

  • Quarterly revenue (consolidated): ₹1,825.41 million for Q2 FY 2026 (Sep 30, 2026) vs ₹1,586.91 million for Q2 FY 2025, showing approx. 15% YoY growth in net segment revenue (Page 13).
  • Revenue from operations (standalone): ₹990.89 million for Q2 FY 2026 vs ₹1,222.52 million for Q2 FY 2025, indicating a decline of approximately 19% YoY (Page 4).
  • Segment-wise gross revenue:
  • Mining and processing: ₹1,652.34 million (Q2 FY 2026) vs ₹1,546.24 million (Q2 FY 2025), about 7% increase YoY (Page 13).

2 more points from Midwest Ltd's call on revenue

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What happened to Midwest's margins in Q2 FY27?

See what Midwest Ltd said on profitability & margins — free account, 30 seconds.

What capex is Midwest planning?

  • Investment in Midwest Neostone Private Limited (wholly owned subsidiary) via loan of ₹1302.98 Mn, with ₹35 Mn utilized and ₹1267.98 Mn unutilized as of Sept 30, 2026, for funding capital expenditure of Phase 1 Quartz Processing Plant.
  • Capital expenditure of ₹257.55 Mn allocated for the purchase of Electric Dump Trucks and investment in Andhra Pradesh Granite (Midwest) Private Limited (material subsidiary); ₹212.46 Mn utilized, ₹45.09 Mn unutilized as of Sept 30, 2026.
  • ₹32.56 Mn capital expenditure for the integration of solar energy at certain mines, fully utilized as of Sept 30, 2026.
  • Pre-payment/repayment of borrowings related to Andhra Pradesh Granite (Midwest) Private Limited and general corporate purposes covering ₹622.3 Mn and ₹130.93 Mn respectively, partially utilized.

2 more points from Midwest Ltd's call on capex

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Top-ranked in Consumer Durables

Ranked on what management guided this quarter

Guidance-ranked
1Nanta Tech
Rev 1Mar 1
2Deepa Jewellers
Rev 1Mar 2
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Is Midwest raising money or cutting debt?

See what Midwest Ltd said on fundraising & capital structure — free account, 30 seconds.

How big is Midwest's order book?

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Midwest Ltd — Quarterly revenue & net profit

Revenue Net profit
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27

Q2 FY27 figures are not in this chart yet. Latest shown: Jun 2026 (Q1 FY27). The Q2 FY27 numbers from the filing are in the table below.

Midwest Ltd Q2 FY27 results — key figures

Midwest Ltd Q2 FY27 reported results vs year-ago quarter, ₹ crore
₹ CrQ2 FY27
Revenue183
Operating profit (EBITDA)48
Operating margin26.1%
Profit before tax41
Net profit (PAT)30
EPS (₹)8.37

Source: Midwest Ltd's results filing to NSE (consolidated), ₹ crore.

Reported quarterly figures (₹ Cr). Latest (Q1 FY27): revenue ₹192 Cr, net profit ₹31 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Midwest's management said in earlier quarters

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Frequently Asked Questions

What were Midwest Ltd Q2 FY27 results?

Quarterly revenue (consolidated): ₹1,825.41 million for Q2 FY 2026 (Sep 30, 2026) vs ₹1,586.91 million for Q2 FY 2025, showing approx. 15% YoY growth in net segment revenue (Page 13). EBITDA and Operating Margin:.

What is Midwest Ltd share price analysis?

Midwest Ltd currently shows a neutral. The stock trades at a P/E of 32.0 with a market cap of ₹3,554 Cr. Investors should review the full earnings analysis for detailed insights.

Is Midwest Ltd planning capital expenditure?

Investment in Midwest Neostone Private Limited (wholly owned subsidiary) via loan of ₹1302.98 Mn, with ₹35 Mn utilized and ₹1267.98 Mn unutilized as of Sept 30, 2026, for funding capital expenditure o.

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This analysis is AI-generated based on publicly available earnings data and the company's results statement. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.