Investor Presentation for Q1 FY 27

August 13, 2026 To, To, The Listing Department The Listing Department BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai – 400001 Mumbai – 400051 Scrip Code: 544587 Symbol: MIDWESTLTD Dear Sir / Madam, Subject: Investor Presentation for Q1 FY 27 Pursuant to the Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended please find enclosed a copy of the Investor Presentation on Un-Audited (Standalone and Consolidated) Financial Results for the Quarter ended June 30, 2026. The Presentation will also be available on the Company’s website at https://midwest.in/investors . Kindly take the same on record. Thanking you, Yours faithfully, For Midwest Limited K. Achyutanand Reddy Company Secretary Mem. No.: A44619 Q1 FY27 INVESTOR PRESENTATION August 2026 www.midwest.in Level 19, Wing A, Sky One, Prestige Skytech, Financial District, Nanakramguda, Gachibowli, K.V. Rangareddy, Serilingampally, Telangana, 500032 Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Midwest Limited (the “Company”) solely for the information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. Certain statements in this presentation concerning our future growth prospects are forward looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to the statements include, but are not limited to, risks and uncertainties regarding fiscal policy, competition, inflationary pressures and general economic conditions affecting demand / supply and price conditions in domestic and international markets. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. The Company does not make any promise to update/provide such presentation along with results to be declared in the coming years. wwwww.midwest.inwwww..mmiiddwweesstt..iinn Table of Contents 01 02 03 04 05 Q1 FY27 Company at a USPs Financial and Performance Glance Operating Annexures Performance wwwww.midwest.inwwww..mmiiddwweesstt..iinn Management Commentary & Business Outlook I am happy to share that Midwest has started FY27 on a strong note, with Q1FY27 Revenue, EBITDA, and PAT growing 35%, 25%, and 27% YoY, respectively. Alongside our strong operating performance, we continue to make strategic progress in building our presence across high-potential materials. Midwest Limited, together with Midwest Energy Limited and NFTDC, has signed an MoU with Indonesia’s state-owned PERMINAS to collaborate across the Critical Minerals and Rare Earth value chain, including Rare Earth Magnet manufacturing. With strong leadership, a robust balance sheet, diversified reserves, and operational excellence, we are confident in our vision of building Midwest into a world-class integrated materials processing company. Over the next 3 - 4 years, we aim to achieve 2.5x+ revenue growth, 3x+ profitability growth and 35% ROCE, supported by ₹300 crore of planned capex, while reducing energy consumption by 15–20%. We also remain focused on establishing new growth verticals in Rare Earth Materials, Heavy Mineral Sands and High Purity Quartz, and building leadership in quartz, titanium feedstock and rare earth oxides globally. Mr. Kollareddy Ramachandra Promoter, Whole-time Director & CEO wwwww.midwest.inwwww..mmiiddwweesstt..iinn Q1 FY27 Performance www.midwest.in Q1 FY27 Strategic Update Midwest Limited, Midwest Energy Management has planned to Limited & NFTDC sign MoU with add the HPQ line along with Indonesia’s PERMINAS to Quartz Phase II instead of its collaborate on Critical Minerals & initial plan of Phase III. Rare Earth Resources, including Rare Earth Magnet manufacturing. CRISIL reaffirmed the The electricity requirement for the mines Company’s credit ratings at has been tied up with a renewable energy CRISIL A/Stable (Long Term) supplier under a group captive and CRISIL A1 (Short Term), arrangement, enabling the Company to reaffirming its strong credit achieve savings of approximately Rs. 2 per profile. unit. wwww.midwest.inww.midwest.in Q1 FY27 Financial Highlights Revenue (INR’ Cr) EBITDA (INR’ Cr) & Margin (%) PAT (INR’ Cr) & Margin (%) 250 70 28.00% 215.81 27.03% t l 200 191.84 60 27.39% 27.00% 40 17.16% 17.50% u 25.47% 50 17.14% 16.18% s 142.27 26.00% 17.00% e 150 40 58.32 30 37.02 16.50% R 48.87 25.00% 38.97 31.04 16.00% y 100 20 24.38 24.00% 15.50% l r 20 e 50 10 15.00% t 10 23.00% 14.50% a 0 0 22.00% 0 14.00% Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 Revenue EBITDA Margin PAT Margin EBITDA (INR’ Cr) & Margin (%) Revenue (INR’ Cr) PAT *(INR’ Cr) & Margin (%) 200 30.00% 700.00 626.18 645.62 27.43% 27.01% 150.00 17.17% 16.49% 20.00% 600.00 25.00% l 150 171.78 174.37 u 500.00 20.00% 15.00% s 100.00 e 400.00 107.51 106.48 R 100 15.00% 10.00% 300.00 r 10.00% a 200.00 50.00 50 5.00% Y 100.00 5.00% 0.00 0 0.00% 0.00 0.00% FY25 FY26 FY25 FY26 FY25 FY26 EBITDA Margin Revenue PAT Margin 7 www.midwest.in * FY25 PAT & PAT Margin after excluding exceptional item of Rs. 26 Cr. approx; All numbers are on consolidated basis Q1 FY27 Income Statement Particulars (Rs. Cr) Q1FY27 Q1FY26 YoY Q4FY26 QoQ FY26 FY25 YoY Net Revenue 191.84 142.27 34.85% 215.81 -11.11% 645.62 626.18 3.10% Total Expenses 142.97 103.30 38.41% 157.48 -9.21% 471.25 454.40 3.71% EBITDA 48.87 38.97 25.40% 58.32 -16.21% 174.37 171.78 1.51% EBITDA Margin % 25.47% 27.39% 27.03% 27.01% 27.43% Depreciation 8.88 6.60 34.47% 8.40 5.72% 31.02 25.59 21.21% EBIT 39.99 32.37 23.55% 49.93 -19.90% 143.35 146.19 -1.94% EBIT Margin % 20.85% 22.75% 23.14% 22.20% 23.35% Other Income 5.93 4.20 41.19% 2.63 125.22% 14.16 16.96 -16.53% Finance Cost 3.87 3.70 4.48% 1.84 110.62% 13.78 10.93 26.02% PBT 42.05 32.87 27.95% 50.73 -17.09% 143.73 152.22 -5.57% Exceptional Items 25.79 N/A Tax Expenses 11.02 8.49 29.79% 13.70 -19.61% 37.26 44.71 -16.66% PAT 31.04 24.38 27.31% 37.02 -16.16% 106.48 133.30 -20.12% PAT (Adj. for exceptional 31.04 24.38 27.31% 37.02 -16.16% 106.48 107.51 -0.96% Item) PAT Margin % 16.18% 17.14% 17.16% 16.49% 17.17% wwwww.midwest.inwwww..mmiiddwweesstt..iinn Note - All numbers are on consolidated basis Detailed Balance Sheet Current Liabilities (Rs. Cr) 31 March'26 31 March'25 Assets (Rs. Cr) 31 March'26 31 March'25 Shareholders funds Non Current Assets Share Capital 18.08 16.91 Property, Plant & Equipment 386.26 285.63 Reserves and Surplus 944.29 602.26 Capital Work-In-Progress 90.37 116.37 NCI 16.15 13.24 Goodwill 1.55 1.55 Net Worth 978.52 632.40 Non Current Investments 20.29 19.76 Non‐Current Liabilities Intangible Assets 123.35 109.76 Other Financial and Non‐Current Long term Borrowings 129.92 137.75 95.82 Assets 135.03 Deferred Tax Liabilities 2.69 2.50 Deferred Tax Assets 12.10 7.25 Other Long Term Liabilities 29.64 16.78 Total Non Current Assets 768.96 636.13 Long Term Provisions 7.46 5.84 Total Non-Current Liabilities 169.71 162.86 Current Assets Current Liabilities Inventories 43.46 27.62 Trade Payables 71.37 49.95 Trade [Showing first 8,000 characters — download PDF for full document]