Tera Software Ltd. — Interim / Quarterly Report 2022

Nov 12, 2022

Regd.tOffic e : # 8-2'2931821 N 1107, Road Number 55, Jubilee Hills, Hyderabad,Telangana 500033. Tel : +9140-23547447 E-mail : info@terasoftware.in www.terasoftware.com

Date: l2th November, 2022

BSE Limited	National Stock Exchange of India Limited
P.J. Towers	Exchange Plaza, Bandar Kurla Complex
Dalal Street, Mumbai - 400001	Bandra (E ), Mumbai - 400051
Scrin: 533982	Svmbol: TERASOFT

Dear Sir/Madam,

Sub:@

The Board of Directors at its meeting held today, i.e. Saturday, I2th November, 2022 approved the following business items:

• l. Considered and approved the Un Audited Standalone Financial Results of the Company for the Quarter and Half-Year ended 30ft September, 2022 alongwith Limited Review Report, Statement of Asset and Liabilities, Cash Flow Statement.
• 1. Intimation of resignation of the Independent Director Sri T. Sivarama Prasad w.e.f. l lth November,2022.

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

Kindly take the above information on your record.

Yours faithfully, For TERA SOFTWARE LIMITED L. CH. MALLIKARJUNA Company Secretary & Compliance O Mem. No. A47545

TERA SOFTWARE LIMITED CIN L72200TG1994PLC018391 +8-2-293/82/A/1107, Plot no 1107, Road no 55, Jubilee Hills, Hyderabad-33.
STATEMENT OF STANDALONE UN-AUDITED FINNACIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2022

	(Rupees in lakhs)
	Quarter Ended		Half Year Ended		Year Ended
PARTICULARS	30.09.2022	30.06.2022	30.09.2021	30.09.2022	30.09.2021	31.03.2022
	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
1. Income from Operations
(a) Net Sales /Income from operations (net of excise duty)	2,648.49	2,816.74	2,705.67	5,465.23	5,095.70	12,633.00
(b) Other operating Income Total Income from Operations (net)		0.51		0.51	72.80	81.25
	2,648.49	2,817.25	2,705.67	5,465.74	5,168.50	12,714.25
2. Expenses
Purchases
Changes in inventories of finished goods, work-in-progress and
stock in trade	٠.	41.53		41.53
Technical & Operation expense	2,045.69	2,218.89	2,138.64	4,264.57	4,036.87	10,172.59
Employee benefit expense	440.17	424.94	310.14	865.11	627.80	1,442.63
Depreciation & amortisation expense	6.06	6.02	14.18	12.08	28.37	47.86
Other Expenses	133.89	32.92	168.92	166.82	241.16	347.43
Total Expenses	2,625.81	2,724.30	2,631.88	5,350.11	4,934.20	12,010.51
3. Profit/(Loss) from operations before other income, finance
costs and Exceptional Items (1-2)	22.68	92.95	73.79	115.63	234.30	703.74
4. Other Income	84.36	82.04	86.85	166.40	162.53	318.47
5. Profit/(Loss) from ordinary activities before finance costs but
before Exceptional Items (3+/-4)	107.04	174.99	160.64	282.03	396.83	1,022.21
6. Finance costs	175.77	217.40	266.59	393.17	578.07	1,104.52
7. Profit/(Loss) from ordinary activities after finance costs but
before Exceptional Items (5+/-6)	(68.73)	(42.41)	(105.95)	(111.14)	(181.24)	(82.31)
8. Exceptional Items
9. Profit/(Loss) from ordinary activities before tax $(7+/-8)$	(68.73)
10. Tax expense		(42.41)	(105.95)	(111.14)	(181.24)	(82.31)
1) Current Tax
2) Tax Expenses relating to Earlier years			12.69		13.43	51.54
3) Deferred Tax	4.35	16.96	(11.05)
11. Profit/(Loss) from ordinary activities after tax (9+/-10)				21.31	(16.60)	(3.70)
	(73.08)	(59.37)	(107.59)	(132.45)	(178.07)	(130.15)
12. Extraordinary items (net of tax Rs expense _ Lakhs)	$\blacksquare$
13. Net Profit/(Loss) before Other comprehensive income (11+/-
12)	(73.08)	(59.37)	(107.59)	(132.45)	(178.07)	(130.15)
14. Other Comprehensive Income
Add: (i) Items that will be reclassified to profit or loss						5.40
Less: (ii) Income Tax relating to items that will be reclassified to profit or loss.
						1.36
13. Net Profit/(Loss) for the period (13 + -14)	(73.08)	(59.37)	(107.59)	(132.45)	(178.07)	(126.11)
14. Paid up Equity Share Capital (Face Value Rs 10/-)	1,251.19	1,251.19	1,251.19	1,251.19	1,251.19	1,251.19
Reserves (excluding Revaluation Reserve as per the Balance
Sheet of previous accounting year) Earning Per equity share (for continuing operations):	9,348.06	9,421.14	9,435.67	9,348.06	9,435.67	9,487.63
$(1)$ Basic
(2) Diluted	(0.58)	(0.47)	(0.86)	(1.06)	(1.42)	(1.04)
Earning Per equity share (for discontinued & Continuing	(0.58)	(0.47)	(0.86)	(1.06)	(1.42)	(1.04)
operations):
$(1)$ Basic
(2) Diluted	(0.58) (0.58)	(0.47)	(0.86)	(1.06)	(1.42)	(1.04)
		(0.47)	(0.86)	(1.06)	(1.42)	(1.04)

A Leverad

For Tera are Limited

Chair man and Managing Director

TERA SOFTWARE LIMITED
CIN L72200TG1994PLC018391
#8-2-293/82/A/1107, Plot no 1107, Road no 55, Jubilee Hills, Hyderabad-33.
SEGMENT WISE REVENUE AND RESULTS

		(Rupees in Lakhs)
PARTICULARS	Quarter Ended				Half Year Ended
	30.09.2022	30.06.2022	30.09.2021	30.09.2022	30.09.2021	31.03.2022
1. Segment Revenue	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
a) Integrated Solutions Division
b) Technical Division
c) Projects Division	1,440.74	1,411.50	287.59	2,852.24	589.09	2,990.21
Net sales/Income from operations	1,207.75	1,405.75	2,418.08	2,613.50	4,579.41	9,724.04
2. Segment Results [Profit / (Loss) before Tax and Interest from	2,648.49	2,817.25	2,705.67	5,465.74	5,168.50	12,714.25
each Segment]
a) Integrated Solutions Division
b) Technical Division	(23.63)	(69.92)		(93.55)	(5.87)	(20.84)
c) Projects Division	157.25	155.06	38.56	312.31	66.21	314.58
Total	110.27	126.93	277.41	237.19	587.19	1,083.52
Less: i) Interest Expenses	243.89	212.07	315.97	455.95	647.53	1,377.26
ii) Un-allocable expenditure (Net)	175.77	217.40	266.59	393.17	578.07	1,104.52
Add: Interest and Other Income	133.16	119.12	242.18	252.27	413.23	673.52
Total Profit/(Loss) Before Tax	84.36	82.04	86.85	166.40	162.53	318.47
Segment Assets	19.32	(42.41)	(105.95)	(23.09)	(181.24)	(82.31)
Integrated Solutions Division
Technical Division	555.50	553.42	622.19	555.50	622.19	555.50
Projects Division	1,430.26	1,375.89	309.56	1,430.26	309.56	1,430.26
Unallocable	18,040.90	19,674.23	22,490.89	18,040.90	22,490.89	18,040.90
Total	5,120.15	5,284.34	5,077.61	5,120.15	5,077.61	5,120.15
Segment Liabilities	25,146.81	26,887.88	28,500.25	25,146.81	28,500.25	25,146.81
Integrated Solutions Division
Technical Division	884.61	856.47	804.86	884.61	804.86	884.61
Projects Division	1,109.35	904.42	563.50	1,109.35	563.50	1,109.35
Unallocable	5,777.72	6,618.22	8,295.56	5,777.72	8,295.56	5,777.72
Total	17,375.13 25,146.81	18,508.77	18,836.33	17,375.13	18,836.33	17,375.13
(Segment Assets - Liabilities)		26,887.88	28,500.25	25,146.81	28,500.25	25,146.81
Integrated Solutions Division	(329.11)
Technical Division	320.91	(303.05) 471.47	(182.67)	(329.11)	(182.67)	(329.11)
Projects Division	12,263.18	13,056.01	(253.94)	320.91	(253.94)	320.91
Unallocable	(12, 254.98)	(13, 224.43)	14,195.33	12,263.18	14,195.33	12,263.18
Total			(13,758.72)	(12, 254.98)	(13,758.72)	(12, 254.98)

WARE WDERAB

For Tera Software Limited

Chairman and Managing Director

		(Kupees in Lakiis)
Particulars	Audited		Audited 31st March 2022
	30TH SEPTEMBER 2022
I. ASSETS
1. Non-current assets
(i) Property, Plant & Equipment	2,993.21		3,004.60
(ii) Financial Assets
(a) Other financial assets	247.45		242.24 462.67
(iii) Other non current assets	432.65 313.65	3,986.96	334.96	4,044.47
(iv) Deferred tax Asset (net)
2. Current assets
(i) Inventories	232.46		273.99
(ii) Financial Assets			18,349.68
(a) Trade receivables	17,929.28		1,004.11
(b) Cash and Cash Equivalents	801.23 597.42		1,770.45
(c) Other financial assets	1,895.76	21,456.15	1,989.44	23,387.67
(iii) Other current assets
		25,443.11		27,432.14
$\mathbf{u}$ EQUITY AND LIABILITIES
A Equity
(a) Equity Share Capital	1,251.19		1,251.19
(b) Other Equity	9,348.06	10,599.25	9,487.63	10,738.82
B Liabilities
1. Non-current liabilities
(i) Financial liabilities
(a) Borrowings	459.11		436.83
(ii) Provisions	191.82	650.93	184.55	621.38
2. Current liabilities
(i) Financial liabilities
(a) Borrowings	3,945.66		$-5,617.34$
(b) Trade payables
Total Outstanding dues to Micro enterprises and small enterprises	174.85		271.31
Total Outstanding dues to creditors other than Micro enterprises and small	6,980.60		7,849.10
(c) Other financial liabilities	1,912.71		1,203.32
(ii) Other current liabilities	1,113.11		1,064.87
(iii) Provisions	66.00	14,192.93	66.00	16,071.94
		25,443.11		27,432.14

STATEMENT OF ASSETS AND LIABILITIES

Notes:

.____.
The above financial results for the quarter ended 30th September, 2022 have been reviewed by the Audit Committee and were approved by the Board of Directors of the Company at the meeting held on 12th November 2022

This statement is as per regulation 33 of the SEBI (Listing obligations and 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 accepted in India and guidelines issued by the Securities and Exchange Boardof India ("SEBI").

Bank guarantee invoked by "Andhra Pradesh State Fibernet limited" of Rs.4.28 Crores. The said action was challenged by the company before the division bench of Andhra Pradesh High Court, Amaravathi, which is pending. Based on the legal opinion given by the counsel, the company has not made any provision in its books of accounts.

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

Place: Hyderabad Date: 12-11-2022

Presence

ITED Cor Ters Sof T. Gopichand rman & Managing Director DIN: 00107886 AA3

TERA SOFTWARE LIMITED

CASH FLOW STATEMENT FOR THE HALF YEAR ENDED 3O,O9,2O22

	Half Year Ended
	30.09.2022
Cash flow from operating activities
Net Profit / (Loss) before tax as per Profit & Loss Statement		(82.31)
Adjustments for:
Depreciation and amortisation	72.O8	47.86
Sundry Credit Balances Written Back
lnterest lncome	(27.74].	(s3.67)
Bad Debts Written Off
Finance Cost	tss3,rz)	(1,104.5;)
Sundry Balances Written back
lnterest on MSME
Changes in Assets and Liabilities
Trade receivables	420.40	7,367.2L
Other Financial Assets and Other Assets	1,1,67.82 ,	952.89
dther tton Current Assets	30.02	776.28
Other Current Assets	93.58	(s03.07)
lnventories	41.53
Trade Payables	(s64.e6)	(2,509.55)
Long Term Provisions	7.27	(21.13)
Other Current Liabilities	4t.72	(L40.16)
Short Term Provisions		(8.76)
Other Financial Liabilities	709.39
Cash generated from operations
lncome tax paid
Net cash flow from operating activities (A)
B. Cash flow from investing activities
Property, Plant & Equipment
lnterest lncome
Net cash flow from lnvesting activities (B)
C. Cash flow from financing activities Short Term Barrowings(Net)	(1,671.68)
Long Term Borrowings	22.28
lnterest Paid	393.!7
Net cash flow from Financing activities (C)
Net increase in Cash and cash equivalents (A+B+C)
Opening balance of Cash and cash equivalents
balance of Cash and cash equivalents
Components of Cash and Cash Equivalent5
Cash and cheques on Hand	10.61	10.91
Balances with Banks
-On Current Accounts	t2.65	8.30
-On Deposit Accounts	777.97	984.90
Cash and cash Equivalent as per Note 7

Place: Hyderabad Date: 12th Nov 2022

For Tera Software Limited

Chairman & Managing Director DIN:00107886 T. GOPICHAND

VARVEN ASSOCIATES CHARTERED ACCOUNTANTS

Off: # 8-3-1047/1-B, Rama Apts. Srinagar Colony, Hyderabad -73. Tel $:040-49520055$ e-mail: $ca.narven@qmail.com$ $ramana@canarven.com$

LIMITED REVIEW REPORT

Limited Review Report on Unaudited Quarterly Financial Results Under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

To the Board of Directors of Tera Software Limited

We have reviewed the accompanying statement of unaudited standalone financial results of M/s. TERA SOFTWARE LIMITED, for the Quarter ended 30th September 2022 and year to date results for the period 01 April 2022 to 30^th September 2022, 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 of 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 express a conclusion 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.

Place: Hyderabad Date: 12.11.2022

for Narven Associates Chartered Accountants FRN:005905S

irm Rea.N 05905S HYD. G.V.Ramana Partner M.no.025995

UDIN: 22025995BCXRG04392