Financial Results Summary

The Board of Directors of Transworld Shipping Lines Limited at its meeting held on Friday, November 6, 2026 (2:30 PM to 5:30 PM IST) approved:

Standalone Financial Results (Quarter Ended September 30, 2026):

  • Revenue from operations: ₹16.16 crore (Q2 FY27) vs ₹98.09 crore (Q2 FY26)
  • Other income: ₹88.42 crore (Q2 FY27) vs ₹1.98 crore (Q2 FY26)
  • Total income: ₹104.58 crore (Q2 FY27) vs ₹100.07 crore (Q2 FY26)
  • Profit before tax: ₹52.66 crore (Q2 FY27) vs ₹(12.53) crore loss (Q2 FY26)
  • Net profit: ₹51.50 crore (Q2 FY27) vs ₹(9.19) crore loss (Q2 FY26)
  • EPS: ₹23.45 (Q2 FY27) vs ₹(4.19) loss (Q2 FY26)

Half Year Ended September 30, 2026 (Standalone):

  • Revenue from operations: ₹37.57 crore (H1 FY27) vs ₹192.98 crore (H1 FY26)
  • Other income: ₹196.34 crore (H1 FY27) vs ₹4.74 crore (H1 FY26)
  • Net profit: ₹78.96 crore (H1 FY27) vs ₹(19.69) crore loss (H1 FY26)

Consolidated Financial Results (Quarter Ended September 30, 2026):

  • Revenue from operations: ₹141.21 crore (Q2 FY27) vs ₹142.61 crore (Q2 FY26)
  • Net profit attributable to shareholders: ₹56.07 crore (Q2 FY27) vs ₹(11.25) crore loss (Q2 FY26)
  • EPS: ₹25.57 (Q2 FY27) vs ₹(5.12) loss (Q2 FY26)

Dividend Declaration

  • Interim dividend: ₹11 per equity share (110% of face value of ₹10)
  • Record date: Friday, November 13, 2026
  • Payment date: Friday, November 27, 2026
  • Total equity share capital: ₹21.96 crore (2.196 crore shares of ₹10 face value)

Fleet Renewal Plan and Significant Transactions

Vessel Sales Completed:

  • SSL Thamirabarani - sold/delivered July 16, 2026
  • SSL VISAKHAPATNAM - sold/delivered August 7, 2026
  • SSL KAVERI - sold/delivered August 17, 2026
  • SSL MUMBAI - sold/delivered September 1, 2026
  • SSL BRAHMAPUTRA - sold/delivered September 9, 2026
  • Net gain on vessel sales: ₹83.42 crore in Q2 FY27; ₹188.53 crore for H1 FY27

Vessels Approved for Sale:

  • SSL SABARIMALAI - approved August 4, 2026
  • TBC KAILASH - approved September 11, 2026
  • Carrying amount classified as Assets Held for Sale: ₹123.63 crore (including dry dock expenditure)

New Vessel Purchases:

  • Signed MOA on September 4, 2026 for one bulk carrier: USD 11.75 million (approx ₹1,075 lakhs)
  • Signed MOA on November 3, 2026 for one bulk carrier: USD 16.50 million (approx ₹1,650 lakhs)
  • Total purchase commitment: USD 28.25 million (approx ₹2,725 lakhs)

Exceptional Items

  • Early termination fee: ₹14.03 crore for one vessel sold during the period
  • Impairment reversal: ₹15.57 crore reversal of impairment provision

Financial Position (Standalone as of September 30, 2026)

Assets:

  • Total assets: ₹871.51 crore vs ₹1,083.58 crore (March 31, 2026)
  • Property, plant & equipment: ₹118.84 crore vs ₹776.60 crore (March 31, 2026)
  • Cash and cash equivalents: ₹174.20 crore vs ₹12.77 crore (March 31, 2026)
  • Investments: ₹310.03 crore vs ₹10.17 crore (March 31, 2026)

Equity and Liabilities:

  • Total equity: ₹782.04 crore vs ₹705.99 crore (March 31, 2026)
  • Borrowings: ₹40.63 crore vs ₹263.36 crore (March 31, 2026)

Cash Flow (Standalone H1 FY27)

  • Net cash from operating activities: ₹(69.23) crore
  • Net cash from investing activities: ₹450.53 crore (primarily from vessel sales)
  • Net cash used in financing activities: ₹(219.91) crore (including dividend payment of ₹211.39 crore)
  • Net increase in cash: ₹161.39 crore

Subsidiaries and Consolidation

The consolidated results include:

  • Transworld Sea-Connect IFSC Private Limited (wholly owned)
  • Transworld Integrated Logistek Private Limited (wholly owned, acquired December 11, 2025)
  • Transworld Logistics Private Limited (wholly owned, acquired December 11, 2025)
  • Transbridge Global FZCO (subsidiary)
  • Shreyas-Suzue Logistics (India) LLP (jointly controlled entity)

Auditor Review

PKF Sridhar & Santhanam LLP issued limited review reports on both standalone and consolidated financial results, stating nothing came to their attention suggesting material misstatement.