Midwest Ltd Approves FY 2026 Results; Appoints New Company Secretary
Midwest Ltd announced the outcome of its Board of Directors meeting held on May 26, 2026. At the meeting, the board reviewed and approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. Additionally, the board approved the appointment of Mr. K. Achyutanand Reddy as the Company Secretary and Compliance Officer, effective May 26, 2026.The Company also released its annual audited standalone and consolidated financial results for the year ended March 31, 2026, alongside an unmodified audit opinion issued by the independent statutory auditors.
Governance and Personnel Update
Mr. K. Achyutanand Reddy (Membership No. A44619) was appointed as the Company Secretary and Compliance Officer. Mr. Reddy, an Associate Member of the Institute of Company Secretaries of India, brings over 10 years of experience in Corporate Laws and Corporate Governance. He previously held positions with Penna Group and Manager - Legal & Secretarial at Rubamin Private Limited.Financial Highlights (March 31, 2026)
The financial results provide a comprehensive view of the Group's performance across the year. The total comprehensive income for the year ended March 31, 2026, stood at 975.11 million, up from 878.70 million in the previous year.The financial tables below summarize key year-over-year performance metrics:
Standalone Financial Results
| Metric | Year Ended March 31, 2026 (Audited) | Year Ended March 31, 2025 (Audited) |
|---|---|---|
| Revenue from operations | 4,217.71 | 3,697.35 |
| Total income | 4,387.64 | 1,315.56 |
| Total expenses | 3,072.14 | 2,857.48 |
| Profit for the period/year (Profit After Tax) | 976.28 | 884.73 |
| Total comprehensive income for the period/year | 256.29 | 281.98 |
Consolidated Financial Results
| Metric | Year Ended March 31, 2026 (Audited) | Year Ended March 31, 2025 (Audited) |
|---|---|---|
| Total income | 6,597.75 million | 5,596.2 million |
| Profit for the period/year (Profit After Tax) | 1,064.76 million | 1,332.99 million |
| Total comprehensive income for the period/year | 1,522.18 million | 1,332.99 million |
Balance Sheet and Cash Flow Summary
The balance sheet and cash flow statements reveal the Group's overall financial position and liquidity management.The total consolidated assets for the Group reached 13,667.7 million as of March 31, 2026, compared to 10,587 million in the previous year.
| Consolidated Statement | March 31, 2026 (Audited) | March 31, 2025 (Audited) |
|---|---|---|
| Total Assets | 13,667.7 million | 10,587 million |
| Total Equity | 9,785.21 million | 6,324.02 million |
| Total Liabilities | 3,882.51 million | 4,262.98 million |
The Consolidated Statement of Cash Flows showed a net cash generated from operating activities of 1,747.20 million for the year ended March 31, 2026, significantly higher than the 873.14 million recorded the previous year. This contributed to a total increase in cash and cash equivalents of 491.46 million, ending the year with cash and cash equivalents at 633.71 million.
Segmental Revenue Breakdown
The consolidated segment information details revenue generation across key business areas:| Segment | March 31, 2026 (Quarterly Revenue) | March 31, 2025 (Quarterly Revenue) |
|---|---|---|
| Granite | 2,146.02 million | 2,262.16 million |
| Quartz | 13.43 million | 0.31 million |
| Others | 1,722.51 million | 1,520.49 million |
| Total Net Segment Revenue | 2,158.05 million | 2,301.86 million |
The comprehensive financial results for the quarter and year ended March 31, 2026, are available on the Midwest Limited website.
MIDWESTLTD Stock Price Movement
On Monday, Midwest Limited shares rallied, gaining 3.31% and settling the session near the day's high of ₹1242. The stock traded on a robust volume of 130,021 shares, managing to close strongly after ranging between ₹1182 and ₹1242.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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