Tera Software Ltd. — Interim / Quarterly Report 2019

Feb 14, 2019

TERA SOFTWARE LIMITED

8-2-293/82/A/1107, Plot No. 1107, Road No. 55, Jubilee Hills, Hyderabad-500 033, Telangana, INDIA

Date: 14.02.2019

To, BSELimited P.J. Towers Dalal Street, Mumbai - 40000 I Scrip: 533982

National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla complex Bandra(E), Mumbai - 400051

Symbol: TERASOFT

Dear Sir/Madam,

Sub: Outcome of Board Meeting

The Board of Directors at its meeting held today, i.e. Thursday, 141^hFebruary, 2019:

• 1. Considered and approved the Un-Audited Financial Results of the Company for the 3rd Quarter ended on 31st December, 2018.
• 1. Appointed Mr. 0. Babu Reddy as Chief Financial Officer of the Company.
• 1. Took note of new projects received from APSFL.

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 12:30 P.M. and concluded at 3:00 P.M.

Kindly take the above information on your record.

Yours faithfully,

Vice Chairman & Managing Director

CIN-L 72200TG 1994PLC018391

MULLAPUDI & CO., CHARTERED ACCOUNTANTS

206, Hanuman Mansion, 8-3-11 O.O/B/206, Sri Nagar Colony, Hyderabad - 500073.

Tel: 040-23i74 2536, 94920 63246 E-mail: mullapudivr@rediffmail.com

Limited Review Report on the Unaudited Financial Results for the Quarter and Year to date ended 31st December,2018

To the Board of Directors Tera Software Limited Hyderabad

We I have reviewed the accompanying statement of unaudited financial results {the Statement) of M/s. TERA SOFTWARE LIMITED (the Company), for the quarter and nine months ended 31st December,2018 prepared by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular no. CIR/CFD/FAC/62/2016 dated s" July 2016. This Statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on the Statement 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 assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

Based on our review concluded 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 Indian Accounting Standards as specified under Section 133 of the Companies Act, 2013 read with Rule 7 of the Companies {Accounts) Rules,2014 and other recognized accounting practices and policies generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular CIR/CFD/FAC/62/2016 dated s" July 2016 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Mullapudi & Co., Chartered Accountants FRN:006707S

&.:a:.m Apparao~'

Partner ·./ M.No.226476

Place: Hyderabad Date: 14.02.2019

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 31st DECEMBER, 2018

I
I PARTICULARS	Quarter ended	Year ended Figures	Corresponding 3 months ended in the previous Year 31-Dec-17
	31-Dec-18	31-Mar-18
	Unaudited	Audited	Unaudited
Total Income from operations	2,058.87	14,795.03	3,570.32
Net Profit I (Loss) for the period (before tax,Exceptional and Extraordinarv items)	51.83	230.31	20.45
Net Profit I (Loss) for the period (before tax after Exceptional and Extraordinary items)	51.83	230.31	20.45
Net Profit I (Loss) for the period after tax (after Exceptional and Extraordinarv items)	37.62	157.61	24.97
Total Comprehensive income for the period {Comprising Profit/(Lo1ss) for the period (after Tax) and other lcomorehensive income (aftertaxH	37.62	157.61	24.97
Equity Share Capital	1,251.19	1,251.19	1,251.19
Reserves (excluding Revaluation Reserve as shown in the Audited Balance Sheet of current vearl		8,617.33
Earning Per Share (of '10/- each) (for continuing and
discontinued operations)
Basic	0.30	1.26	0.20
Diluted	0.30	1.26	0.20

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 February 2018

TERA SOFTWARE LIMITED CIN L72200TG1994PLC018391

#8-2-293/82/A/1107, Plot no 1107, Road no 55, Jubilee Hills, Hyderabad-33.

STATEMENT OF FINANCIAL RESULTS FOR THE QUARTER AND PERIOD ENDED 31ST DECEMBER 2018

Rupees in Lakhs
				Corresponding 3	Year to date	Year to date	Figures for the
		Quarter ended	Preceding	Months ended in	figures for the	figures for the	previous year
SI.	PARTICULARS		Quarter ended	the previous year	current year	previous year	ended
No.					ended	ended
		31-Dec-18	30-Sep-18	31-Dec-17	31-Dec-18	31-Dec-17	31-Mar-18
		UNAUDITED	UNAUDITED	UNAUDITED	UNAUDITED	UNAUDITED	AUDITED
н	Revenue from operations	1,996.70	2,471.18	3,517.75	6,871.73	8,904.32	14,571.74
$\mathbf{I}$	Other Income	62.17	62.52	52.57	185.60	162.75	223.29
Ш	Total Income (I+II)	2,058.87	2,533.70	3,570.32	7,057.33	9,067.07	14,795.03
IV	Expenses
	Cost of Materials consumed
	Purchases of Stock-in-Trade	898.00	1,096.81	2.162.90	2,840.15 170.51	5,215.13	9,470.63
	Changes in inventories	(219.72) 395.42	(47.48) 391.12	(67.81) 528.97	1,070.17	(236.07) 1,162.28	(602.71) 1,780.14
	Technical & Operation expense Employee benefit expense	657.06	580.08	602.04	1,809.41	1,949.85	2,571.21
	Finance costs	179.18	160.62	175.55	503.35	566.71	718.90
	Depreciation & amortisation expense	62.69	64.10	63.51	190.69	190.74	254.19
	Other Expenses	34.41	190.25	84.71	257.59	169.78	372.36
	Total expenses (IV)	2,007.04	2,435.50	3,549.87	6,841.87	9,018.42	14,564.72
	Profit/(Loss) before Exceptional Items and
$\vee$	Tax $(I-IV)$	51.83	98.20	20.45	215.46	48.65	230.31
VI	Exceptional Items
VII	Profit/(Loss) before Tax (V-VIII)	51.83	98.20	20.45	215.46	48.65	230.31
	VIII Tax expense
	1) Current Tax	27.61	0.20	23.80	45.50	34.42	89.13
	2) Tax Expenses relating to Earlier years			(12.00)		(12.00)	(12.00)
	3) Deferred Tax	(13.40)	28.23	(16.32)	41.45	(16.56)	(4.43)
	IX Profit/Loss for the period from continuing
	operations (VII+VIII)	37.62	69.77	24.97	128.51	42.79	157.61
	Profit/(Loss) from discontinuing operations
X XI	Tax expense of discontuing operations
	Profit/(Loss) from discontinuing operations
XII	(after tax) (X-XI)
XIII	Profit/(Loss) for the period (IX-XII)	37.62	69.77	24.97	128.51	42.79	157.61
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
	B (i) Items that will be reclassified to profit or
	loss (ii) Income Tax relating to items that will be
	reclassified to profit or loss
	XV Total Comprehensive Income for the period
	(XIII+XIV) (comprising Profit (Loss) and Other
	comprehensive Income for the period
		37.62	69.77	24.97	128.51	42.79	157.61
	Earning Per equity share (for continuing
	XVI operations):
	(1) Basic	0.30	0.56	0.20	1.03	0.34	1.26
	(2) Diluted	0.30	0.56	0.20	1.03	0.34	1.26
	XVII Earning Per equity share (for discontinued operations):
	(1) Basic
	(2) Diluted
	Earning Per equity share (for discontinued &
	Continuing operations):
XVIII
	(1) Basic	0.30	0.56	0.20	1.03	0.34	1.26
	(2) Diluted	0.30	0.56	0.20	1.03	0.34	1.26

rer Tera Software Limited VC and Managing Director

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 Lakhs
SI. PARTICULARS No.	Quarter ended	Preceding Quarter ended	Corresponding 3 Months ended in the previous year	Year to date figures for the current year ended	Year to date figures for the previous year ended	Figures for the previous year ended
	31-Dec-18 UNAUDITED	30-Sep-18 UNAUDITED	31-Dec-17 UNAUDITED	31-Dec-18 UNAUDITED	31-Dec-17 UNAUDITED	31-Mar-18 AUDITED
I
Segment Revenue 1
a) Integrated Solutions Division	9S.77	610.22	1,964.00	1,044.94	3,784.84	8,221.93
b) Technical Division	618.63	653.88	601.SS	1,9S8.07	2,013.42	2,636.08
c) Projects Division	1,282.30	1,207.08	9S2.20	3,868.72	3,106.06	3,713.73
Net ~ales/Income from operations	1,996.70	2,471.18	3,517.75	6,871.73	8,904.32	14,571.74
Segment Results [Profit I (Loss) before Tax
and Interest from each Segment] 2
a) Integrated Solutions Division a.	23.73	17S.79	179.70	207.62	448.89	930.70
b) Technical Division	SS.SS	71.72	6S.76	228.4S	221.72	279.74
c) Projects Division	214.61	147.04	S0.30	S39.78	16S.23	186.81
Total	293.89	394.55	295.76	975.85	835.84	1,397.25
Less:' i) Interest Expenses	179.18	160.62	17S.SS	·so3.3S	S66.71	718.90
ii) Un-allocable expenditure {Net)	12S.OS	198.2S	1S2.33	442.61	383.23	671.33
Add: Interest and Other Income	62.17	62.52	S2.57	18S.60	162.7S	223.29
Total Profit/{Loss) Before Tax	51.83	98.20	20.45	215.49	48.65	230.31
Segment Assets
Integrated Solutions Division	1,224.96	683.20	1,430.4S	1,224.96	1,430.45	605.80
Technical Division	717.3S	644.67	692.82	717.3S	692.82	76S.70
Projects Division	9,334.83	9,S7S.86	9,849.16	9,334.83	9,849.16	11,044.44
Unallocable	S,188.26	S,089.04	4,S97.72	S,188.26	4,S97.72	4,739.89
Total	16,465.40	15,992.77	16,570.15	16,465.40	16,570.15	17,155.83
Segment liabilities
lnteg~ated Solutions Division	376.73	271.29	494.77	376.73	494.77	640.98
Technical Division	810.86	814.03	738.90	810.86	738.90	7S8.69
Projects Division	808.37	666.96	1,123.02	808.37	1,123.02	894.27
Unall~cable	14,469.44	14,240.49	14,213.46	14,469.44	14,213.46	14,861.89
Total	16,465.40	15,992.77	16,570.15	16,465.40	16,570.15	17,155.83
{Segment Assets - liabilities)
Integrated Solutions Division	848.23	411.91	935.68	848.23	935.68	{3S.18)
Technical Division	(93.51)	{169.36)	{46.08)	(93.51)	(46.08)	7.01
Projects Division	8,526.46	8,908.90	8,726.14	8,526.46	8,726.14	10,150.17
Unallocable	{9,281.18)	{9,151.45)	(9,615.74)	{9,281.18)	{9,615.74)	{10,122.00)
Total	-	-	-	-	-	-

Notes:

1 The above financial results for the quarter ended 31 December 2018 have been reviewed by the Audit Committee of the Board of Director's and taken on record at the meeting of the Board of Directors held on 14th February 2018.The results for the quarter ended 31 December 2018 have been reviewed by the Statutory Auditors.

2 Previous period /year figures have been regrouped/ reclassified wherever necessary.

Place: Hyderabad Date : 14th February 2018