Midwest Ltd approves Q2 FY27 results, with consolidated revenue of ₹1,825.41 million and net profit of ₹302.44 million
- Revenue rose 15.0% year on year and fell 4.8% sequentially; net profit increased 9.1% year on year and declined 2.6% sequentially. Operating margin was approximately 24.9%.
- Approved a proposed 26% stake acquisition in Infinite Beam Private Limited for ₹52.5 lakh, linked to 4 MW of captive solar power, and a corporate guarantee for AP Midwest Galaxy.
- Auditors issued unmodified limited-review conclusions; the results disclose the continuing prohibition on granite extraction at Chimakurthy Mine.