Latest news about Midwest
Midwest
1,316.80
-27.80(-2.07%)
Company Performance:
View Company Insights1D-2.07%
1M-1.14%
6M+8.77%
1Y+15.46%
5Y+15.46%
More news about Midwest
14Feb 26
Midwest Limited Submits Monitoring Agency Report for Q3 FY26 IPO Fund Utilization
Midwest Limited has filed its monitoring agency report for Q3 FY26 with no deviations in IPO fund utilization. The company raised ₹2,500.00 million in October 2025 and utilized ₹792.20 million during the quarter, primarily for debt repayment (₹543.28 million) and general corporate purposes (₹74.57 million). The remaining ₹1,707.80 million is deployed in fixed deposits earning returns between 3.50% to 7.00%. Major capital expenditure projects including the Phase II Quartz Processing Plant and electric dump trucks remain unutilized as planned.
07Jan 26
Midwest Limited Board Approves Wholly-Owned Subsidiary in Sierra Leone for HMS Reserves Expansion
Midwest Limited's Board of Directors approved incorporating a wholly-owned subsidiary in Sierra Leone on January 7, 2026, to explore HMS reserves and comply with local mineral rights regulations. This strategic expansion into the resource-rich West African nation supports the company's long-term growth objectives and global diversification efforts in the mining sector.
15Dec 25
Midwest: Promoter Group Share Transfer of 14.09 Lakh Shares Scheduled for December 22, 2025
Midwest has disclosed a proposed inter-se share transfer within its promoter group, scheduled for December 22, 2025. The transaction involves 14,08,851 equity shares (3.90% of total share capital) being gifted from promoter Rama Raghava Reddy Kollareddy to his spouse, Kollareddy Ranganayakamma. This transfer will not change the overall promoter group shareholding. The transaction complies with SEBI regulations and is exempt from open offer requirements.
13Nov 25
Midwest Reports Strong Q2 Performance with 106% Profit Growth
Midwest, a leader in the granite and quartz industry, announced strong Q2 2025 results. Net earnings reached ₹290.63 million, up 106% year-over-year, while revenue increased 55.4% to ₹1,222.52 million. The company's H1 FY2025-26 performance showed revenue of ₹2,072.32 million and profit of ₹404.91 million. Midwest recently completed a successful IPO, raising ₹4,510 million. The company specializes in granite, quartz, and diamond cutting wire products.
12Nov 25
Midwest Reports Strong Q2 Performance; Subsidiary's Credit Rating Upgraded
Midwest announced robust Q2 FY2026 financial results with significant improvements across key metrics. EBITDA increased by 52% to ₹430 crore, while consolidated net profit surged 87% to ₹278 crore. Revenue grew by 14% to ₹1,600 crore. The company's subsidiary, Andhra Pradesh Granite (Midwest) Private Limited, received a credit rating upgrade from CRISIL, with its long-term rating improving to CRISIL A-/Stable from CRISIL BBB+/Positive, and short-term rating to CRISIL A2+ from CRISIL A2. The upgrade reflects APGMPL's improved financial profile and strong business performance.
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1,316.80
(-2.07%)
834.10
(+1.33%)
54.25
(-1.86%)
71.50
(+2.14%)
141.95
(-0.53%)
15.99
(-1.42%)
186.00
(-10.08%)
6.44
(-0.77%)
25.53
(+1.15%)
35.78
(-1.57%)
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