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17/11/2025 17:30

Midwest Q2 net profit up 15.41% at Rs 29.06 cr

The company reported standalone net profit of Rs 29.06 crore for the quarter ended September 30, 2025 as compared to Rs 25.18 crore in the same period last year, registering a year-on-year growth of 15.41 per cent.

Net revenue of the company rose substantially by 53.87 per cent at Rs 122.25 crore in July-September quarter of this fiscal as against Rs 79.45 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 29.34 per cent to Rs 78.59 crore from Rs 60.76 crore in year ago period.

Other Income dipped by 88.88 per cent at Rs 2.41 crore versus (Sep'24 Rs 21.68 crore).

Operating Profit surged by 133.65 per cent to Rs 43.67 crore as against Rs 18.69 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 51.81 per cent in September quarter.

Interest grew by 47.73 per cent y-o-y to Rs 2.60 crore, while Taxation increased by 6.84 per cent at Rs 9.68 crore (Sep'24 Rs 9.06 crore).