| Scrip Code | 544587 |
|---|---|
| NSE Symbol | MIDWESTLTD |
| MSEI Symbol | NOTLISTED |
| ISIN | INE0XAD01024 |
| Name of company | Midwest Limited |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 12-02-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 06-02-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Single segment |
| Description of single segment | The company is primarily engaged in the business of exploration, exploitation, manufacturing, processing and selling of dressed Granite blocks, Slabs, Quartz and Diamond cutting wires |
| Start date and time of board meeting | 12-02-2026 12:45:00 |
| End date and time of board meeting | 12-02-2026 14:45:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | Yes |
| No. of times funds raised during the quarter | 1 |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| Not Applicable | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 10,304.30 | 30,398.90 | |
| Other income | 598.20 | 1,226.80 | |
| Total income | 10,902.50 | 31,625.70 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 332.10 | 915.60 |
| (b) | Purchases of stock-in-trade | 17.90 | 101.20 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (167.00) | (78.00) |
| (d) | Employee benefit expense | 1,212.10 | 3,224.20 |
| (e) | Finance costs | 218.90 | 729.00 |
| (f) | Depreciation, depletion and amortisation expense | 485.50 | 1,400.20 |
| (f) | Other Expenses | ||
| 1 | Quarry Expenses | 917.60 | 3,155.40 |
| 2 | Seigniorage and cess fees | 590.20 | 1,807.50 |
| 3 | Consumption of stores and spares | 1,300.10 | 4,612.60 |
| 4 | Other Expenses | 2,080.40 | 6,048.30 |
| Total other expenses | 4,888.30 | 15,623.80 | |
| Total expenses | 6,987.80 | 21,916.00 | |
| 3 | Total profit before exceptional items and tax | 3,914.70 | 9,709.70 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 3,914.70 | 9,709.70 |
| 6 | Tax expense | ||
| 7 | Current tax | 1,060.00 | 2,520.00 |
| 8 | Deferred tax | (32.90) | (15.70) |
| 9 | Total tax expenses | 1,027.10 | 2,504.30 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 2,887.60 | 7,205.40 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 2,887.60 | 7,205.40 |
| 17 | Other comprehensive income net of taxes | (67.80) | (17.20) |
| 18 | Total Comprehensive Income for the period | 2,819.80 | 7,188.20 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 1,808.00 | 1,808.00 | |
| Face value of equity share capital | 5 | 5 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 8.09 | 20.92 | |
| Diluted earnings (loss) per share from continuing operations | 8.09 | 20.92 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 8.09 | 20.92 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 8.09 | 20.92 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | ||
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Remeasurement losses on defined benefit plans | (90.60) | (23.00) |
| Total Amount of items that will not be reclassified to profit and loss | (90.60) | (23.00) | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | (22.80) | (5.80) |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | (67.80) | (17.20) |
| Mode of Fund Raising | Public Issues |
|---|---|
| Description of mode of fund raising (Applicable in case of others is selected) | |
| Date of Raising Funds | 20-10-2025 |
| Amount Raised | 25,000.00 |
| Report filed for Quarter ended | 31-12-2025 |
| Monitoring Agency | Applicable |
| Monitoring Agency Name, if applicable | CRISIL Rating Limited |
| Is there a Deviation / Variation in use of funds raised | No |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | |
| If Yes, Date of shareholder Approval | |
| Explanation for the Deviation / Variation | NA |
| Comments of the Audit Committee after review | NA |
| Comments of the auditors, if any | NA |
| Sr. | Original Object | Modified Object, if any | Original Allocation | Modified allocation, if any | Funds Utilised | Amount of Deviation/Variation for the quarter according to applicable object | Remarks if any |
| 1 | Investment in Midwest Neostone, our wholly owned subsidiary, by way of a loan, towards funding capital expenditure for the Phase II Quartz Processing Plant | NA | 13,029.80 | 0.00 | 0.00 | 0.00 | No comments |
| 2 | Capital expenditure for purchase of Electric Dump Trucks to be used by our Company and investment in APGM, our Material Subsidiary, by way of a loan, for purchase of Electric Dump Trucks | NA | 2,575.50 | 0.00 | 0.00 | 0.00 | No comments |
| 3 | Capital expenditure for integration of solar energy at certain Mines of our Company | NA | 325.60 | 0.00 | 0.00 | 0.00 | No comments |
| 4 | Pre-payment/repayment of, in partor full, certain outstanding borrowings of our Company and investment in APGM, by way of a loan, for prepayment/ repayment of, in part or full, certain outstanding borrowings of APGM | NA | 5,622.30 | 0.00 | 5,432.80 | 0.00 | No comments |
| 5 | General corporate purposes | NA | 907.70 | 0.00 | 745.70 | 0.00 | No comments |
| 6 | Issue related expenses | NA | 2,539.10 | 0.00 | 1,743.50 | 0.00 | No comments |
| Name of signatory | Dilip Kumar Chalasani |
| Designation of person | Chief Financial Officer |
| Place | Hyderabad |
| Date | 12-02-2026 |