Investor Presentation

Here's a summary for retail investors in the style of an equity analyst for Twitter: **Midwest Ltd: Diversification Drives Future Growth!** **Business Performance:** The company saw stable full-year FY26 financials after a strong Q4FY26 showing 68% revenue growth QoQ.

Granite remains a key contributor, but strategic diversification is key. **Growth Drivers/Strategy:** Midwest is expanding beyond granite into Heavy Mineral Sands (HMS) and Rare Earth Minerals (REE). A significant move includes being selected as a Lead Consortium Partner for a rare earth elements pilot plant with a government undertaking.

They're also accelerating quartz capacity expansion. **Recent Developments:** A 30-year quarry lease for quartzite was secured.

A wholly-owned subsidiary will be established in Sierra Leone to boost HMS reserves. **Key Financial Metrics (FY26):** Revenue stood at ₹645.62 Cr, with EBITDA at ₹174.37 Cr and PAT at ₹106.48 Cr. **Management Commentary/Outlook:** The company is focused on becoming a world-class integrated materials processor, aiming for global leadership in quartz, titanium feedstock, and rare earth oxides.

Expecting substantial revenue and profitability growth over the next 3-4 years with ₹300 Cr in capex.