Mumbai, April 14 -- Crisil Ratings stated that the outlook revision factors in the sustained improvement in the operating and financial performance of the company owing to uptick in charter rates driven by favorable demand and improving industry dynamics, with optimum utilisation of fleet capacity.

The company is expected to achieve revenue of over Rs 460 crore in fiscal 2025, registering over 60% growth (Rs 282 crore in fiscal 2024), with operating profit before interest and tax (OPBDIT) margin of over 35%.

Furthermore, TSLL's revenue is expected to grow at 15-20% over the medium term, driven by an increasing share of dry bulk (DB) vessels and stable business from chartering with Unifeeder ISC FZCO (Unifeeder), and OPBDIT margin is exp...