TRANSWORLD SHIPPING LINES LIMITED has submitted to the Exchange, the financial results for the period ended March 31, 2025.
TRANSWORLD · price
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Transworld Shipping Lines (formerly Shreyas Shipping) reported FY25 revenue from operations of Rs. 44,627 lakhs, up ~58% from Rs. 28,239 lakhs in FY24. The company swung back to a profit after tax of Rs. 3,396 lakhs versus a loss of Rs. 5,102 lakhs in FY24, with EPS of Rs. 15.47 (vs loss of Rs. 23.24). However, Q4 FY25 saw a loss of Rs. 463 lakhs due to a Rs. 1,341 lakh reversal of an unapproved insurance claim linked to the 2024 fire on vessel MV SSL Brahmaputra. Statutory auditor PKF Sridhar & Santhanam LLP issued a qualified opinion on both standalone and consolidated results, flagging that the original insurance claim income was recognized prematurely. The Board recommended a final dividend of Rs. 1.50 per share (15%) and re-appointed two independent directors for second terms.
The full-year turnaround is positive, but the qualified audit opinion and the Rs. 1,341 lakh insurance reversal in Q4 are concerns — auditors note that had the income been recognized in FY25 instead of FY24, profit would have been Rs. 3,089 lakhs higher. Shareholders get a Rs. 1.50 dividend, but the unresolved insurance claim and qualified opinion may weigh on the stock until clarity emerges on final insurer settlement.