Tera Software Ltd. — Interim / Quarterly Report 2020

Aug 14, 2019

TERA SOFTWARE LIMITED

8-2-293/82/A/1107, Plot No. 1107, Road No. 55, Jubilee Hills, Hyderabad-~;QO 033, Telangana, INDIA

I.

Date: 14.08.2019

To, BSE Limited P.J Towers Dalal Street, Mumbai - 400001 Scrip: 533982

National Stock Exchange oflndia Limited Exchange Plaza, Bandra Kurla complex Bandra(E), Mumbai - 400051 Symbol: TERASOFf

Dear Sir/Madam,

Sub: Outcome of Board Meeting

The Board of Directors at its meeting held today, i.e. Wednesday, 14th August, 2019, considered and approved the Un-Audited Financial Results of the Company for the I" Quarter ended 30th June, 2019.

In terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a copy of the said Results along with the Limited Review Report issued by Mis. Mullapudi & Co., Chartered Accountants, is enclosed herewith.

The Board Meeting commenced at 1 :30 P.M. and concluded at 5:00 P.M.

Kindly take the above information on your record.

Company Secretary Yours faithfully, For Tera Software

CIN-L 72200TG 1994PLC018391

MULLAPU.DI & CO., CHARTERED ACCOUNTANTS

206, Hanuman Mansion, 8-3-1100/8/206, Sri Nagar Colony. Hyderabad - 500073.

Tel: 040-2374 2536, 94920 63246 E-mail: mullapudivr@rediffmail.com

LIMITED REVIEW REPORT

Review Report to the Board of Directors of TERA SOFTWARE LIMITED

WE have reviewed the accompanying statement of unaudited financial results of M/S TERA SOFlWARE LIMITED, for the quarter ended 301h June 2019, being submitted by the Company pursuant to the requirements of regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. This statement is the Responsibility of the Company's Management and had been approved by the Board of Directors. Our responsibility is to issue a report on these financial statements based on our review.

We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, Review of Interim Financial Information performed by the independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurances to whether the financial statements are free from material misstatement. A review is limited primarily to inquire of the c.ompany personnel and analytical procedures applied to financial data and thus provide less assurance than the audit. We have not performed an audit and accordingly, we do not express an audit opinion.

Based on our view conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with the applicable Indian Accounting Standards specified under Section 133 of the Companies Act,2013 and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015 including the manner in which it is to be disdosed, or that it contains any material misstatement:

Date: 14.08.2019 1Plaoe: Hyderabad

Partner Membership No: 226476 For Mullapudi & Co.,

UOIN: 19226476AAAAAN9027

TERA SOFTWARE LIMITED CIN L72200TG1994PLC018391 #8-2-293/82/ A/1107, Plot No 1107, Road no SS, Jubilee Hills, Hyderabad-33. STATEMENT OF FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2019

				Rupees in Lakhs
PARTICULARS	Quarter ended	3 months endedfor preceedingquarter	Corresponding 3months ended inthe previous Year	Year ended
	30-06-2019	31-03-2019	30-06-2018	31-03-2019
	UNAUDITED	AUDITED	UNAUDITED	AUDITED
Total Income from operations	3,687.77	10,837.38	2,464.75	17,894.71
Net Profit I (Loss) for the period (before tax,Exceptional and Extraordinary
items)'	277.13	381.93	65.44	596.27
Net Profit/ (Loss) for the period (before tax after Exceptional and
Extraordinary items)	277.13	381.93	65.44	596.27
Net Profit I (Loss) for the period after tax (after Exceptional and
Extraordinary items)	160.83	240.27	21.12	367.66
Total Comprehensive income for the period {Comprising Profit/(Loss) for
the period (after Tax) and other comprehensive income (aftertax)}
	160.83	251.16	21.12	378.55
Equity Share Capital	1,251.19	1,251.19	1,251.19	1,251.19
Reserves (excluding Revaluation Reserve as shown in the Audited Balance
Sheet of current year)	9,156.70	8,995.88	8,638.45	8,995.88
Earning Per Share (of Rs 10/- each} (for continuing and discontinued
operations)
Basic	1.29	1.92	0.17	2.94
Diluted	1.29	1.92	0.17	2.94

Note: The above is an extract from the detailed format of Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the Quarterly Financial. Results are available on the website of the Stock Exchange(s) www.bseindia.com, www.nseindia.com and the Company www.terasoftware.com

Place: Hyderabad Date : 14th August 2019

~~~~~~~~~~~~~~~~~~~~~~~TO~:~ARtUMrffD CIN L72200TG1994PLC018391

#8-2-293/82/A/1107, Plot no 1107, Road no SS, Jubilee Hills, Hyderabad-33.

STATEMENT OF FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE 2019

					Rupees in Lakhs
SI.No.	PARTICULARS	Quarter ended	Preceding Quarterended	Corresponding 3Months ended inthe previous year	Figures for ttieyear ended
		30.06.2019	31.03.2019	30.06.2018	31.03.2019
		UNAUDITED	AUDITED	UNAUDITED	AUDITED
I	Revenue from operations	3,617.17	10,771.63	2,403.84	17,644.91
II	Other Income	70.60	65.75	60.91	249.80
Ill	Total Income (1+11)	3,687.77	10,837.38	2,464.7S	17,894.71
IV	Expenses
	Purchases	844.16	7,315.32	571.17	9,232.71
	Changes in inventories	160.62	(18.98)	437.71	151.54
	Technical & Operation expense	1,198.73	1,716.02	557.81	3;709.38
	Employee benefit expense	863.21	778.33	572.27	2,587.75
	Finance costs	232.62	205.95	163.55	709.30
	Depreciation & amortisation expense	29.64	64.00	63.89	254.69
	Other Expenses'	81.66	394.81	32.91	653.07
	Total expenses (IV}	3,410.64	10,45S.45	2,399.31	17,298.44
v	Profit/(Loss) before Exceptional Items and Tax {Ill-IV}	277.13	381.93	6S.44	S96.27
VI	ExceptionalItems	-	-	-	-
	VII Profit/(Loss) before Tax (V-VI)	277.13	381.93	6S.44	596.27
	VIII Tax expense
	1) Current Tax	92.92	223.65	17.69	269.15
	relating to Earlier years2) Tax Expenses	-	-	-	-
	3) Deferred Tax	23.38	(81.99)	26.63	(40.54)
IX	Profit/Loss for the period from continuing operations
		160.83	240.27	21.12	367.66
x	Profit/(Loss) from discontinuing operations	-	-	-	-
XI	Tax expense of discontuing operations	-	-	-	-
	Profit/(Loss) from discontinuing operations (after tax) (X
XII XI)		-	-	-	-
	XIII Profit/(Loss) for the period (IX-XII)	160.83	240.27	21.12	367.66
	XIV Other Comprehensive Income
	A (i) Items that will not be reclassified to profit or loss
		-	-	-	-
	(ii) Income Tax relating to items that will not be
	reclassified to profit or loss
	Add: B (i) Items that will be reclassified to profit or loss
		-	16.35	-	16.35
	Less:.(ii) Income Tax relating to items that will be
	reclassified to profit or loss	-	5.46	-	5.46
	xv Total Comprehensive Income for the period (comprising
	Profit (Loss) and Other comprehensive Income for the
	period	160.83	251.16	21.12	378.5S
XVI	Earning Per equity share (for continuing operations):
	(1) Basic	1.29	1.92	0.17	2.94
	(2)Diluted	1.29	1.92	0.17	2.94
	Earning Per equity share (for discontinued & Continuing
	XVII operations):
	(1) Basic	1.29	1.92	0.17	2.94
	(2)Diluted	1.29	1.92	0.17	2.94

TERA SOFTWARE LTD. CIN L72200TG1994PLC018391 #8-2-293/82/A/1107, Plot no 1107, Road no SS, Jubilee Hills, Hyderabad-33. SEGMENT WISE REVENUE AND RESULTS

					Rupees in Lclkhs
SI.No.	-PARTICULARS	Quarter ended	Preceding Quarterended	Corresponding 3Months ended inthe previous year	Figures for theyear ended
		30.06.2019	31.03.2019	30.06.2018	31.03.2019
		UNAUDITED	AUDITED	UNAUDITED	AUDITED
1	Segment Revenue
	a) Integrated Solutions Division	363.24	6,974.58	338.94	8,131.84
	b) Technical Division	595.03	644.43	685.56	2,602.so
	c) Projects Division	2,658.90	3,152.62	1,379.34	6,910.57
	Net sales/Income from operations	3,617.17	10,771.63	2,403.84	17,644.91
	Segment Results [Profit/ (Loss) before Tax and Interest
2	from each Segment]
	a) Integrated Solutions Division	52.56	277.49	8.10	79.63
	b) Technical Division	71.74	71.97	101.17	300.42
	c) Projects Division	492.13	646.83	178.10	1,791.99
	Total	616.43	996.29	287.37	2,172.04
	Less: i) Interest Expenses	232.62	205.95	163.55	709.30
	ii) Un-allocable expenditure (Net)	177.28	474.16	119.29	1,116.27
	Add: Interest and Other Income	70.60	65.75	60.91	249.80
	Total Profit/(Loss) Before Tax	277.13	381.93	65.44	596.27
	Segment Assets
	Integrated Solutions Division	964.57	1,519.11	864.30	1,519.11
	Technical Division	816.33	780.76	759.44	780.76
	Projects Division	12,066.92	11,419.97	10,077.23	11,419.97
	Unallocable	6,056.31	5,453.94	4,611.06	5,453.94
	Total	19,904.13	19,173.78	16,312.03	19,173.78
	Segment Liabilities
	Integrated Solutions Division	444.95	678.32	171.51	678.32
	Technical Division	638.20	559.06	744.30	559.06
	Projects Division	2,850.67	2,267.73	870.05	2,267.73
	Unallocable	15,970.31	15,668.67	14,526.17	15,668.67
	Total.	19,904.13	19,173.78	16,312.03	19,173.78
	(Segment Assets - Liabilities)
	Integrated Solutions Division	519.62	840.79	692.79	840.79
	Technical Division	178.13	221.70	15.14	221.70
	Projects Division	9,216.25	9,152.24	9,207.18	9)52.24
	Unallocable	(9,914.00)	(10,214.73)	(9,915.11)	(10,214.73)
	Total	-	-	-	-

Notes:

1 The above financial results for the quarter ended 30th June 2019 have been reviewed by the Audit Committee and were approved by the Board of Directors of the Company at the meeting held on 14th August 2019

2 This statement is as per regulation 33 of the SEBI (Listing obligationsand disclosure Requirements) Regulations, 2015. These financials results of the Company were prepared in accordance with the Indian Accounting Standards prescribed under section 133 of the Companies Act, 2013 ("the act") read with relevant rules is.sued there under ("Ind AS"} and other accounting principles generally acceprted in India and guidelines issued by the Securities and Exchange Boardof India ("SEBI").

3 Corresponding quarter/year figures heve been re-grouped /re-classified wherever necessary to confirm to the classification of the current period.

Place: Hyderabad Date ; 14th August 2019