Tera Software Ltd. — Interim / Quarterly Report 2020

Feb 13, 2020

TERA SOFTWARE LIMITED

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

Date: 13.02.2020

To, BSE Limited P.J Towers Dalal Street, Mumbai - 400001 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-Financial Results

The Board of Directors at its meeting held today, i.e. Thursday, 13th February, 2020, considered and approved the Un-Audited Financial Results of the Company for the 3rd Quarter ended 31st December, 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 M/s. Mullapudi & Co., Chartered Accountants, is enclosed herewith.

The Board Meeting commenced at 4:00 P.M. and concluded at 7.05 P.M.

Kindly take the above information on your record.

Yours faithfully, For Tera Software Limited ER Shabnam Siddiqui UED Company Secretary

CIN: L72200TG1994PLC018391

MULLAPUDI & Co., CHARTERED ACCOUNTANTS

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

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

Review Report to the Board of Directors of TERA SOFTWARE L\M|TED

We have reviewi:d the accompanying statement of unaudited financial results of M/S TERA SOFTWARE LIMITED, for the quarter ended 31't December 2019 and the year to date results for the period 1't April 2019 to December 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 lnterim Financial lnformation performed by the independent Auditor of the Entity,issued by the lnstitute of Chartered Accountants of lndia. 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 company 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 lndian 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,20L5 including the manner in which it is to be disclosed, or that it contains any material misstatement.

Date: 13.02.2020 Place: Hyderabad For Mullapudi & Co., Chartered Accountants Firm Regn. No:0057075 f*s

B.Krishna Jg

Membership No:226476 CA. Partner

UDIN No : 2022647 6AAAME1481

TERA SOFTWARE LIMITED ctN 172200TG1994PrC018391 #8-2-2931821Ah 107, Plot No 1107, Road no 55, Jubilee Hills, Hyderabad-33. STATEMENT OF FINANCIAL RESUTTS FOB THE QUARTER ENDED 31ST DECEMBER, 2019

				in Lakhs
PARTICUI.ARS	Quarter ended	Preceding quartetended	Corresponding 3Months ended inthe previousyear	Figures for theyear ended
	31-12-2019	30-09-2019	3t-12-2018	31-03-2019
	UNAUDITED	UNAUDITED	UNAUDITED	AUDITED
lotal lncome from oDerations	7,t63.28	7,042.87	2,058.87	t7,894.7L
Net Profit / (Loss) for the period (before tax,Exceptional and Extraordinary
items)	L77.86	208.76	50.72	596.26
Net Profit / (Loss) for the period (before tax after Exceptional and
Extraordinary items)	t77.86	208.76	50.72	596.26
[et Profit / (Loss) for the period after tax (after Exceptional and
:xtraordinary items)	135.36	139.13	36.51	367.6s
fotal Comprehensive income for the period {Comprising Profit/(Loss} for
the period (after Tax) and other comprehensive income (aftertax))
	135.36	139.13	36.51	378.54
Equitv Share CaDital	1.251.19	L,25t.t9	t,25L.t9	t,25L.t9
Reserves (excluding Revaluation Reserve as shown in the Audited Balance
Sheet of current year)	9,431.1s	9,295.79	8,744.73	8,995.87
Earning Per Share (of Rs 10/- each) (for continuing and discontinued
operations)
Basic	1.08	L,7L	o.29	2.94
Diluted	1.08	1.11	o.29	2.94

Note:l. 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 Finantial Results are available on the website of the Stock Exchange(s) www.bseindia.com, www.nseindia.com and the Company www.terasoftware.com

Note:2' ln view of the Non -receipt of approvals for AP State Fiber Limited Operational and maintenance work from the principals for the work executed by the company, billing to APSFL has not been made and the cost incurred is reflected under unbilled work for the quarter.

Place: Hydeiabad Date : 13th February 2020

For Tera S, T, Gopichand Vice Chairman & Managing DIN:00107886

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 ENDED 31ST DECEMBER 2019

		Rupees in Lakhs
				Corresponding 3	Year to date	Year to date
SI.		Quarter ended	Preceding	Months ended in	figures for the	figures for the	Figures for the
No.	PARTICULARS		Quarter ended	the previous year	current year	previous year	year ended
		31.12.2019	30.09.2019		ended	ended
		UNAUDITED	UNAUDITED	31.12.2018	31.12.2019	31.12.2018	31.03.2019
	Revenue from operations	7,087.24	6,967.89	UNAUDITED	UNAUDITED	UNAUDITED	AUDITED
Ш	Other Income	76.04	74.98	1,996.7062.17	17,672.31	6,873.29	17,644.91
Ш	Total Income (I+II)	7,163.28	7,042.87	2,058.87	221.6417,893.95	184.05	249.80
	IV Expenses					7,057.34	17,894.71
	Purchases	4,971.41	3,804.51	548.92
	Changes in inventories	149.82	202.24	(219.71)	9,620.08512.67	1,917.40	9,232.71
	Technical & Operation expense	495.02	1,193.00	744.45	2,886.42	170.52	151.54
	Employee benefit expense	837.67	873.87	657.06	2,574.75	1,991.49	3,707.33
	Finance costs	219.17	233.34	179.18	685.13	1,809.42503.35	2,587.75
	Depreciation & amortisation expense	16.27	18.14	62.69	64.05	190.69	709.30254.69
	Other Expenses	296.05	509.01	35.56	887.13	260.12	655.13
	Total expenses (IV)	6,985.41	6,834.11	2,008.15	17,230.23	6,842.99	17,298.45
$\mathsf{v}$	Profit/(Loss) before Exceptional Items and	177.87	208.76	50.72	663.72	214.35
۷ı	Exceptional Items						596.26
VII	Profit/(Loss) before Tax (V-VI)	177.87	208.76	50.72	663.72	214.35	596.26
VIII	Tax expense
	1) Current Tax	81.44	68.64	27.61	243.00	45.50	269.15
	2) Tax Expenses relating to Earlier years
	3) Deferred Tax	(38.94)	0.99	(13.40)	(14.57)	41.45	(40.54)
IX	Profit/Loss for the period from continuing
	operations	135.37	139.13	36.51	435.29	127.40	367.65
X	Profit/(Loss) from discontinuingoperations
XI	Tax expense of discontuing operations
XII	Profit/(Loss) from discontinuingoperations (after tax) (X-XI)
XIII	Profit/(Loss) for the period (IX-XII)
XIV	Other Comprehensive Income	135.37	139.13	36.51	435.29	127.40	367.65
	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
	Less: (ii) Income Tax relating to items that						16.35
	will be reclassified to profit or loss
XV	Total Comprehensive Income for the						5.46
	period (comprising Profit (Loss) and
	Other comprehensive Income for the
	period	135.37	139.13	36.51	435.29	127.40	378.54
	Earning Per equity share (for continuing
	XVI operations):
	(1) Basic	1.08	1.11	0.29	3.48	1.02	2.94
	(2) Diluted	1.08	1.11	0.29	3.48	1.02	2.94
	Earning Per equity share (for
IIVX	discontinued & Continuing operations):
	(1) Basic(2) Diluted	1.08	1.11	0.29	3.48	1.02	2.94
		1.08	1.11	0.29	3.48	$+02$	2.94

For Tera Software Limited

VC and Managing Director

TERA ITEDY

TERA SOFTWARE LTD. ctN 172200TG1994PLC018391 #8-2-293182/A//1107, plot no 1107, Road no 55, Jubilee Hilts, Hyderabad-33. SEGMENT WISE REVENUE AND RESUTTS

				in takhs
	PARTICUTARS	Quarter ended	Preceding	Corresponding 3	Year to date	Year to date
					figures for the	figures for the	Figures for the
sl.			quarter ended	Months ended in	current year	previous year	year ended
No.				the previous year	ended	ended
		3,12.2019	30.09.2019	31.12.2018	?t.12.2019	31.12.2018	31.03.2019
		UNAUDITED	UNAUDITED	UNAUDITED	UNAUDITED	UNAUDITED	AUDITED
1	iegment Revenue
	r) lntegrated Soluttons Division	5,300.7s	4,339.11	95.78	10,303.64	t,t57.28	.9,410.45
	l) Technical Division	608.03	604.08	618.63	1,807.13	1,958.07	2,602.50
	, Projects Division	L,L78.46	2,O24.69	t,282.29	5,561.54	3,757.94	5,631.96
	Net sales/lncome from operations	7,O47.24	5,957.88	r,995.70	17.672.31	873.29	t7,644.91
	Segment Results [Profit / (Loss) before
	Tax and lnterest from each Segmentl
2
	a) lntegrated Solutions Division	450.7t	606.90	63.73	t,t7L.t9	(1s7.86)	1,3s8.23
	b) Technical Division	72.67	7L.56	55.55	2t5.97	228.45	300.42
	c) Projects Division	t74.25	298.37	L73.49	903.73	1,105.16	s13.38
	Total	697.63	976.83	292.77	290.89	t,175.75	,172.O3
	-ess: i) lnterest Expenses	2t9.L7	233.34	179.18	685.13	503.35	709.30
	ii) Un-allocable expenditure (Net)	376.63	609.72	125.04	1,163.68	642.tO	L,tL6.27
	\dd: lnterest and Other lncome	76.O4	74.99	62.t7	22L.il	184.0s	249.80
	fotal Profit/(Loss) Before Tax	177.87	208.76	50.72	663.72	2L4.35	596.26
	Segment Assets
	lntegrated Solutions Division	209.76	454.46	9L7.77	209.76	9t7.77	1,519.11
	Technical Division	999.27	786.56	717.35	999.27	777.35	780.76
	Projects Division	t5,779.38	13,4t0.92	9,642.02	L5,779.38	9,642.02	Lt,419.97
	Unallocable	6,OLA.46	s,996.37	5,188.26	6,O14.46	5,188.26	5,4s3.94
	fotal	23,OO2.87	20,648.31	16,465.40	21,002.87	15,455.40	19,173.78
	Segment tiabilities
	lntegrated Solutions Division	530.08	554.67	494.03	530.08	494.O3	794.57
	Technical Division	928.61	654.75	810.b6	928.61	810.86	559.06
	Projects Division	5,039.97	3,275.68	684.49	s,039.97	684.49	2,ts]-.48
	Unallocable	16,504.2L	t6,t63.2r	t4,476.02	t6,504.21	t4,476.O2	1s,668.67
	fotal	23,OO2.87	20,648.31	16,465.40	23,OO2.87	16,465.40	19,173.78
	(Segment Assets - Liabilities)
	lntegrated Solutions Division	(320.32)	(100.21)	423.74	(320.32)	423.74	724.54
	Technical Division	70.66	131.81	(s3.s1)	70.66	(93.s1'	22L.70
	Projects Division	10,739.4t	LO,t35.24	8,957.53	LO,739.41	8,957.53	9,268.49
	Unallocable	(10,489.7s)	(10,166.84)	(9,287.76]l	(10,489.7s1	(9,287.76"	(t0,2L4.73
	fotal

Notes:

1 The above financial results for the quarter ended 31st December 2019 have been reviewed by the Audit Committde and were approved by the Board of Directors of the Company at the meeting held on 13th February 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 lndian Accounting Standards prescribed under section 133 of the Companies Act, 2013 (,'the act,') read with relevant rules issued there under ("lnd AS") and other accounting principles generally acceprted in lndia and guidelines issued by the Securities and Exchange Boardof lndia ("SEBl").

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

4 In view of the Non -receipt of appiovals for AP State Fiber Limited Operational and maintenance work from the principals for thg work executed by the company, billing to APSFL has not been made and the cost incurred is reflected under unbilled work for the qua4rffi.

Place: Hyderabad Date : 13th February 2020