Tera Software Ltd. — Interim / Quarterly Report 2021

Sep 7, 2020

TERA SOFTWARE LIMITED

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

Date: 07.09.2020

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

Redefining IT Solutions

TERI\ SOl-T

•••• r:;fi

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

Dear Sir /Madam,

Sub: Outcome of Board Meetine

The Board of Directors at its meeting held today, i.e. Monday, 7th September, 2020: 1. Considered and approved the Un - Audited Financial Results of the Company for the 1st

• Quarter ended 30th June, 2020. 2. Application to be filed with ROC, Hyderabad (Ministry of Corporate Affairs) requesting
• extension of time to hold the forthcoming 26th Annual General Meeting (AGM) of the Company for the financial year ended 31st March, 2020. 3. Resignation of Mrs. Shabnam Siddiqui was noted and she will be relieved from her
• services on 15th September, 2020.

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

The Board Meeting commenced at 12:30 P.M. and concluded at 5:00 P.M.

Kindly take the above information on your record.

Yours faithfully,

· r iu x • . CIN: L72200TG1994PLC018391 ~~gd. Offh;:;c:#8~2J,293/82/A/1107 R ·· · · .

TERA SOFTWARE LIMITED CIN L72200TG1994PLC018391

#8-2-293/82/A/1107, Plot no 1107, Road no 55, Jubilee Hills, Hyderabad-33.STATEMENT OF STANDALONE UNAUDITED RESULTS FOR THE QUARTER ENDED 30th JUNE 2020

			Rupees in Lakhs
PARTICULARS			Corresponding
	3 months ended	Preceding 3	3 Months ended	Previous year
		months ended	in the previous	ended
			year
	30.06.2020	31.03.2020	30.06.2019	31.03.2020
	Unaudited	Audited	Unaudited	Audited
1. Income from Operations
(a) Net Sales /Income from operations (net of excise duty)	1,585.36	9,225.06	3,617.17	26,897.37
(b) Other operating Income
Total Income from Operations (net)	1,585.36	9,225.06	3,617.17	26,897.37
2. Expenses
Purchases	1.84	38.41	459.61	1,576.62
Changes in inventories of finished goods, work-in-progress
and stock in trade	33,46	143.88	160.61	656.55
Technical & Operation expense	663.88	7,099.52	1,582.92	18,067.80
Employee benefit expense	750.10	842.68	863.21	3,417.44
Depreciation & amortisation expense	16.48	16.55	29.64	80.60
Other Expenses	148.30	598.90	82.05	1,486.04
Total Expenses	1,614.06	8,739.94	3,178.04	25,285.05
3. Profit/(Loss) from operations before other income,
finance costs and Exceptional Items (1-2)	(28.70)	485.12	439.13	1,612.32
4. Other Income	74.64	79.93	70.60	301.57
5. Profit/(Loss) from ordinary activities before finance
costs but before Exceptional Items $(3+$ 4)		565.05
	45.94		509.73	1,913.89
6. Finance costs	203.87	242.04	232,62	927.38
7. Profit/(Loss) from ordinary activities after finance costs
but before Exceptional Items (5 + _6)	(157.93)	323.01	277.11	986.51
8. Exceptional Items				٠
9. Profit/(Loss) from ordinary activities before tax $(7^{\dagger}$ 8)
	(157.93)	323.01	277.11	986.51
10. Tax expense
1) Current Tax		109,91	92.92	352.91
2) Tax Expenses relating to Earlier years
3) Deferred Tax	(34.18)	(4.31)	23.38	(18.88)
11. Profit/(Loss) from ordinary activities after tax $(9+_{10})$
	(123.75)	217.41	160.81	652.48
12. Extraordinary items (net of tax Rs expense
Lakhs)	P.			÷
13. Net Profit/(Loss) before Other comprehensive income
$(11^{-}-12)$			160.81
	(123.75)	217.41		652.48
14. Other Comprehensive Income
Add: (i) Items that will be reclassified to profit or loss
	$\overline{\mathbf{x}}$ .	(23.02)		(23.02)
Less: (ii) Income Tax relating to items that will be
reclassified to profit or loss		(5.79)		(5.79)
13. Net Profit/(Loss) for the period (13 + -14)	(123.75)	200.18	160.81	635.25
Earning Per equity share (for continuing operations):
$(1)$ Basic	(0.99)	1.74	1.29	5.21
(2) Diluted	(0.99)	1.74	1.29	5,21
Earning Per equity share (for discontinued & Continuing
operations):
$(1)$ Basic	(0.99)	1.74	1,29	5.21
(2) Diluted	(0.99)	1.74	1.29	5.21

For Tera Søftware Limited $\prime$ 'V

VC and Managing Director

'f':IJ:IA 58FfWABE L'fB, CIN L12100'fG1994PLC018S!U #8-2-293/82/A/1107, Plot no 1107, Road no 55, Jubilee Hills, Hyderabad-33. SEGMENT WISE REVENUE AND RESULTS

	R uoees . L kh tn a s
SI,PARTICULARSNo.	3 months ended	Preceding 3months ended	Corresponding3 Months ended Previous yearin the previousyear	ended
	30.06.2020	31.03.2020	30.06.2019	31.03.2020
	Unaudited	Audited	Unaudited	Audited
Segment Revenue1
a) Integrated Solutions Division	-	8.48	363.24	1,811.20
b) Technical Division	603.78	615.32	595.03	2,422.45
c) Projects Division	981.58	8,601.26	2,658.90	22,663.72
Net sales/Income from operations	1,585.36	9,225.06	3,617.17	26,897.37
Segment Results [Profit I (Loss) before Tax and Interestfrom each Segment]2
a) Integrated Solutions Division	(12.19)	(110.43)	47.55	263.89
b) Technical Division	74.87	75.30	71.74	291.27
c) Projects Division	141.17	862.52	496.99	2,066.75
Total	203.85	827.39	616.28	2,621.91
Less: i) Interest Expenses	203.87	242.04	232.62	927.38
ii) Un-allocable expenditure (Net)	232.55	342.27	177.15	1,009.59
Add: Interest and Other Income•.	74.64	79.93	70.60	301.57
Total Profit/(Loss) Before Tax	(157.93)	323.01	277.11	986.51
Segment Assets
Integrated Solutions Division	302.56	265.44	964.19	265.44
Technical Division	1,323.97	1,099.68	816.33	1,099.68
Projects Division	11,423.57	15,544.41	12,067.30	15,544.41
Unallocable	5,335.05	6,201.29	6,055.84	6,201.29
Total	18,385.15	23,110.82	19,903.66	23,110.82
Segment Liabilities
Integrated Solutions Division	455.59	481.28	557.96	481.28
Technical Division	1,161.72	1,094.17	638.20	1,094.17
Projects Division	455.66	6,405.24	2,737.62	6,405.24
Unallocable	16,312.18	15,130.13	15,969.88	15, 130.13
Total	18,385.15	23,110.82	19,903.66	23,110.82
(Segment Assets - Liabilities)
Integrated Solutions Division	(153.03)	(215.84)	~©6.23	(215.84)
Technical Division	162.25	5.51	178.13	5.51
Projects Division	10,967.91	9,139.17	9,329.'8	9,139.171·'
Unallocable	(10,977.13)	(8,928.84)	(9,914.04)	(8,928.84)
Total	-	-	-	-

Notes:

• I The above financial results for the quarter ended 30th June 2020 have been jeviewed by the Audit Committee and were approved - by the Board of Directors of the Company at the meeting held on 07th September 2020
• 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 issued 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 to dateN ear figures heve been re-grouped /re-classified wherever necessary to confirm to the classification of the current period.
• 4 In view· of the uncertainity caused non-realisation of bills from AP Fiber Grid project for operation and maintenance work being .·executed by the company, the' Company is recognising the revenue only to the extenet of cost incurred for the project.

Pla1;10; Hyderabad Date i 07th September 20%0

MULLAPUDI & Co., CHARTERED ACCOUNTANTS

Flat No 1 A. Rama Apartments, Plot No 84, Srinagar Colony, Hyderabad - 500073

Tel. 040-2373 5095, 94920 63246 E-mail. ca.mullapudi@gmail com

LIMITED REVIEW REPORT

Umlted Rm~ Report on Standalone Unaudited Quarterly Flnandal Results Under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements} R~ulations, 2015.

To the Board of Directors of Tera Software Umlted

We have reviewed the accompanying statement of unaudited standalone financial results of M/s TERA SOFTWARE LIMITED, for the quarter ended 3ot11 June 2020, being submitted by the Company pursuant to the requirements of regulation 33 of the SEBI (listing Obligations and Disclosure Requirements) Regulation,2015 (as amended) including relevant circulars issued by the SEBI from time to time.

This Statement, which is the responsibility cf the Company's Management and approved by the Board of Directors, has been prepared In accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial reporting ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review.

We conducted our review of the Statement 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. A review of interim financial information consists of making Inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review Is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified In an audit. Accordingly, we do not express an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act, and other accounting principles 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 (as amended) including the manner In which It is to be disclosed, or that It contains any material misstatement.

· . ftV MuU.pudl& ~ Ow~Aa:ou ......... ~

. -., .

ICAI Ms.No.226476 UDIN: 20226476AAAABM3279

Place: Hyderabad··_ . Date: 07.09.2020

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