MidWest stock buzzing on strong Q1 results and rare earth expansion plans

Tue 6 Oct 2026

Revenue growth

34 percent

EBITDA growth

25 percent

Net profit growth

27 percent

Planned capex

300 crore rupees

Targeted revenue jump

2.5X

Heard on business television between 13:52:00 - 13:55:00 IST.

• Q1 revenue up 34%, EBITDA up 25%, net profit up 27% despite slight margin downtick
• Company signed MOU with an Indonesian company to explore rare earth magnets and manufacturing
• Targeting 2.5x revenue jump and 3x profit jump over next three to four years
• Planning capex of around 300 crore rupees and 15-20% reduction in energy consumption
• Stock down 22% over six months and down 42% year-to-date, but up 15% over four years

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