Integrated Filing — IndAS



General information about company
Scrip Code 520151
NSE Symbol TRANSWORLD
MSEI Symbol NOTLISTED
ISIN INE757B01015
Name of company TRANSWORLD SHIPPING LINES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 27-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 15-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Sea Logistics
Start date and time of board meeting 27-May-2025   15:00:00
End date and time of board meeting 27-May-2025   18:15:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 1106200000 4462700000
Other income 18300000 76900000
Total income 1124500000 4539600000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense 326900000 1291300000
(e) Finance costs 73400000 312600000
(f) Depreciation, depletion and amortisation expense 217800000 835900000
(f) Other Expenses
1 Fuel, lube oil and fresh water 91100000 285000000
2 Stores and spares 121200000 503400000
3 Other operation cost 162600000 669900000
4 Other expenses 47000000 151900000
Total other expenses 421900000 1610200000
Total expenses 1040000000 4050000000
3 Total profit before exceptional items and tax 84500000 489600000
4 Exceptional items -134100000 -134100000
5 Total profit before tax -49600000 355500000
6 Tax expense
7 Current tax -3000000 21000000
8 Deferred tax 400000 -4400000
9 Total tax expenses -2600000 16600000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations -47000000 338900000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 100000 100000
16 Total profit (loss) for period -46900000 339000000
17 Other comprehensive income net of taxes 29300000 -1000000
18 Total Comprehensive Income for the period -17600000 338000000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0 0
Total profit or loss, attributable to non-controlling interests 0 0
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0 0
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0 0
21 Details of equity share capital
Paid-up equity share capital 219600000 219600000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 7783700000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -2.13 15.44
Diluted earnings (loss) per share from continuing operations -2.13 15.44
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -2.13 15.44
Diluted earnings (loss) per share from continuing and discontinued operations -2.13 15.44
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) As per the results attached



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 9017100000
Capital work-in-progress
Investment property
Goodwill 0
Other intangible assets 0
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method 4300000
Non-current financial assets
Non-current investments 200000
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets 492600000
Total non-current financial assets 492800000
Deferred tax assets (net) 114600000
Other non-current assets 157800000
Total non-current assets 9786600000
2 Current assets
Inventories 96800000
Current financial asset
Current investments 159100000
Trade receivables, current 83400000
Cash and cash equivalents 198400000
Bank balance other than cash and cash equivalents 459000000
Loans, current 0
Other current financial assets 1016100000
Total current financial assets 1916000000
Current tax assets (net) 0
Other current assets 184100000
Total current assets 2196900000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 11983500000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 219600000
Other equity 7783700000
Total equity attributable to owners of parent 8003300000
Non controlling interest
Total equity 8003300000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 2531200000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 55800000
Total non-current financial liabilities 2587000000
Provisions, non-current 16900000
Deferred tax liabilities (net) 5200000
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 2609100000
Current liabilities
Current financial liabilities
Borrowings, current 762800000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 406500000
Total Trade payable 406500000
Other current financial liabilities 129000000
Total current financial liabilities 1298300000
Other current liabilities 64500000
Provisions, current 8300000
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 1371100000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 3980200000
Total equity and liabilites 11983500000
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block
Textual Information(1) As per the results attached



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 A. Items that will not be reclassified to profit and loss -900000 -900000
Total Amount of items that will not be reclassified to profit and loss -900000 -900000
2 Income tax relating to items that will not be reclassified to profit or loss 0 0
3 Amount of items that will be reclassified to profit and loss
1 B. Items that will be reclassified to profit and loss 30200000 -100000
Total Amount of items that will be reclassified to profit and loss 30200000 -100000
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income 29300000 -1000000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 355500000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 312000000
Adjustments for decrease (increase) in inventories 6500000
Adjustments for decrease (increase) in trade receivables, current -4500000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for decrease (increase) in other non-current assets 226100000
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 42900000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -94900000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 500000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 835900000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 300000
Adjustments for provisions, current 0
Adjustments for provisions, non-current 5200000
Adjustments for other financial liabilities, current 8800000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 66300000
Adjustments for dividend income 0
Adjustments for interest income 57500000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) -15400000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) -4000000
Other adjustments for non-cash items 600000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 1328800000
Net cash flows from (used in) operations 1684300000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) -2800000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 1687100000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment -332000000
Purchase of property, plant and equipment 0
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash -83400000
Net cash flows from (used in) investing activities -415400000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 250000000
Repayments of borrowings 1074800000
Payments of lease liabilities 1900000
Dividends paid 6000000
Interest paid 600000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -318100000
Net cash flows from (used in) financing activities -1151400000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 120300000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 200000
Net increase (decrease) in cash and cash equivalents 120500000
Cash and cash equivalents cash flow statement at beginning of period 77900000
Cash and cash equivalents cash flow statement at end of period 198400000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Qualified opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 PKF Sridhar & Santhanam LLP Yes 31-Oct-2025


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 4539700000 4539700000
2 Total Expenditure 4066600000 4066600000
3 Net Profit/(Loss) 339002000 647902000
4 Earnings Per Share 15.44 29.5
5 Total Assets 11983500000 11983500000
6 Total Liabilities 3980200000 3980200000
7 Net Worth 8003300000 8003300000


Audit qualification
Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Repetitive Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)


Text Block
Textual Information(1) Attention is invited to note 6 to the Statement which explains the Groups basis for recording the reimbursement claim on cost of repairs and loss adjustment expenditure resulting from a fire inside at its vessel MV SSL Brahmaputra in earlier reporting periods. Pending receipt of approvals on acceptance of claim we believe that the insurance claim income should have been recognised only upon acknowledgement of liability by the insurers Our opinion on the consolidated financial results for the quarter and year ended 31 March 2024 and our conclusion in the review report for the quarters and year to date ended 30 June 2024 30 September 2024 and 31 December 2024 were accordingly qualified nDuring the quarter and year ended 31 March 2025 consequent to receipt of final survey report and as a matter of prudence pending discussion submission of additional documentation and final general loss adjustment by average adjuster the Group has reversed insurance claim recoverable of Rs 1341 lakhs not yet approved Had the income against the insurance claim been recognised during the year ended 31 March 2025 upon receipt of final survey report instead of year ended 31 March 2024 the net profit after tax and total comprehensive income for the year ended 31 March 2025 would have increased by INR 3089 lakhs earnings per share for the year would have been INR 29.50 Our opinion is modified in this regard nAs there would not be any change to the shareholders funds and other current financial assets balance reported as on 31 March 2025 our opinion is not modified in this regard n
Textual Information(2) Attention is invited to note 6 to the Statement which explains the Groups basis for recording the reimbursement claim on cost of repairs and loss adjustment expenditure resulting from a fire inside at its vessel MV SSL Brahmaputra in earlier reporting periods. Pending receipt of approvals on acceptance of claim we believe that the insurance claim income should have been recognised only upon acknowledgement of liability by the insurers Our opinion on the consolidated financial results for the quarter and year ended 31 March 2024 and our conclusion in the review report for the quarters and year to date ended 30 June 2024 30 September 2024 and 31 December 2024 were accordingly qualified nDuring the quarter and year ended 31 March 2025 consequent to receipt of final survey report and as a matter of prudence pending discussion submission of additional documentation and final general loss adjustment by average adjuster the Group has reversed insurance claim recoverable of Rs 1341 lakhs not yet approved Had the income against the insurance claim been recognised during the year ended 31 March 2025 upon receipt of final survey report instead of year ended 31 March 2024 the net profit after tax and total comprehensive income for the year ended 31 March 2025 would have increased by INR 3089 lakhs earnings per share for the year would have been INR 29.50 Our opinion is modified in this regard nAs there would not be any change to the shareholders funds and other current financial assets balance reported as on 31 March 2025 our opinion is not modified in this regard n n n n n n nFor Audit Qualification where the impact is quantified by the auditor Management Views One of its vessels MV SSL Brahmaputra met with fire onboard on January 1 2024 and the Group had charged the cost of repairs and estimated loss adjustment expenditure incurred upto March 31 2024 of Rs 3430 lakhs including towing charges to statement of profit and loss as an exceptional item On the basis of managements assessment duly supported by an Initial Survey Report of an independent expert the Group had recognised the corresponding insurance claim of Rs 3089 lakhs It was subject matter of auditors qualification for results for the quarter and year ended March 31 2024 nDuring the quarter and year ended 31 March 2025 consequent to receipt of final survey report and as a matter of prudence pending discussion submission of additional documentation and final general loss adjustment by average adjuster the Group has reversed insurance claim recoverable of Rs 1341 lakhs not yet approved The claim amount will be finalsied after final report of average adjuster is received and submitted to insurance company for final settlement of claim The auditors have modified their review report since the claim receivable was accounted is previous periods instead of current quarter nHowever there is no change in Networth and Total Assets as on 31 March 2025 n
Textual Information(3) NA
Textual Information(4) NA
Textual Information(5) NA


Signatories detail
Name of CEO / Managing director Capt. Milind Patankar
Name of CFO Mr. Rajesh Desai
Name of audit committee chairman Mr. R S Krishnan
Name of statutory auditor Mr. Dhiraj Kumar Birla
Name of other signatory, if any, with designation
Place Navi Mumbai
Date 27-May-2025