Tera Software Ltd. — Interim / Quarterly Report 2023

Jul 31, 2023

TERA SOFTWARE LIMITED

Regd. Office : # 8-2-2931821 N1107, Road Number 55, Jubilee Hills, Hyderabad,Telangana 500033. Tel :+91-40-23547447 E-mail : info@terasoftware.in www.terasoftware.com

Date: 31't July, 2023

BSE Limited Phiroze Jeej eebhoy Towers Dalal Street Mumbai - 400001	National Stock Exchange of India Limited Exchange Plaza, Bandar Kurla Complex Bandra (E ), Mumbai - 400051
Scrip: 533982	Symbol: TERASOFT

Dear Sir/Madam,

Sub: Outcome of Board Meeting - Un-audited Standalone Financial Results for the quarter ended 30th June r20Zs

we, wish to inform you that, the Board of Directors of the comp any at their meeting held today i.e. Monday,31\$ July, 2oz3 at the Registered Office of the Company approved the Un-Audited Standalone Financial Results for the Quarter ended 30ft June, 2oz3 along with Limited Review Report after review and taken on record by the Audit committee.

,Y..bg eercrrracrl{. sq 16:3O -rg an.A gr.Le qar \&.116?o| Kindly take the-above information on your record.

Yours faithfully, ,*WFTWARE LIMITED

T. GOPICHAND Chairman & Managing Director DIN:00107886

TERA SOFTWARE LIMITED ـــــــــــــــــــــــــــــــــــــ STATEMENT OF STANDALONE UN-AUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE,
2023

		Quarter Ended		For the Year
PARTICULARS	30.06.2023	31.03.2023	30.06.2022	31.03.2023
	Unaudited	Audited	Unaudited	Audited
1. Income from Operations
(a) Net Sales /Income from operations
(net of excise duty)	1,944.21	4,008.18	2,816.74	11,658.06
(b) Other operating Income		562.65	0.51	1,421.97
(c) Other Income	108.26	93.66	82.04	2,515.93
Total Income from Operations (net)	2,052.47	4,664.49	2,899.29	15,595.96
2. Expenses
Purchases
Changes in inventories of finished goods,
work-in-progress and stock in trade			41.53	261.71
Technical & Operation expense	1,230.34	3,033.63	2,218.89	8,456.13
Employee benefit expense Finance costs	460.87	457.01	424.94	1,751.93
Depreciation & amortisation expense	92.64	80.56	217.40	636.20
Other Expenses	3.85 73.91	5.64	6.02	23.49
Total Expenses	1,861.61	733.06	32.92	3,600.94
3. Profit/(Loss) from ordinary activities		4,309.90	2,941.70	14,730.40
but before Exceptional Items (1-2)	190.86
4. Exceptional Items		354.59	(42.41)	865.56
5. Profit/(Loss) from ordinary activities
before tax (3-4)	190.86	354.59
6. Tax expense			(42.41)	865.56
1) Current Tax	65.63	46.39		190.37
2) Tax Expenses relating to Earlier years				276.53
3) Deferred Tax	46.02	(41.95)	16.96	52.08
7. Profit/(Loss) from ordinary activities
after tax (5-6)	79.21	350.15	(59.37)	346.58
8. Extraordinary items (net of tax Rs
expense_ _Lakhs)
9. Net Profit/(Loss) before Other
comprehensive income (7-8)	79.21	350.15	(59.37)	346.58
10. Other Comprehensive Income
Add: (i) Items that will be reclassified to
profit or loss	91.95	(4.88)		(4.88)
Less: (ii) Income Tax relating to items
that will be reclassified to profit or loss	(23.14)	(1.23)		(1.23)
11. Net Profit/(Loss) for the period (9-10) 12. Paid up Equity Share Capital (Face	194.30	346.50	(59.37)	342.93
Value Rs 10/-)
Reserves (excluding Revaluation Reserve	1,251.19	1,251.19	1,251.19	1,251.19
as per the Balance Sheet of previous
accounting year)
Earning Per equity share (for continuing				9,535.65
operations):
(1) Basic	0.63	2.80	(0.47)	2.77
(2) Diluted	0.63	2.80	(0.47)	2.77
Earning Per equity share (for
discontinued & Continuing operations):
(1) Basic	0.63	2.80	(0.47)	2.77
(2) Diluted	0.63	2.80	(0.47)	2.77

Rupees in Lakhs

For Tera Software Limited

$\overline{\mu}$ Chairman 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

Dunges in

				Lakhs
PARTICULARS	Quarter Ended			For the Year
		Ended
	30.06.2023	31.03.2023	30.06.2022	31.03.2023
	Unaudited	Audited	Unaudited	Audited
1. Segment Revenue
a) Integrated Solutions Division
b) Technical Division	1,467.62	1,481.96	1,411.50	5,809.57
c) Projects Division	476.60	3,088.88	1,405.75	7,270.45
Net sales/Income from operations	1,944.21	4,570.83	2,817.25	13,080.03
2. Segment Results [Profit / (Loss) before
Tax and Interest from each Segment]
a) Integrated Solutions Division			(69.92)	(206.29) 670.09
b) Technical Division	77.22	178.87	155.06
c) Projects Division	253.86	987.25	126.93	2,468.64
Total	331.08	1,166.12	212.07	2,932.44
Less: i) Interest Expenses	92.64	80.56	217.40	636.20
ii) Un-allocable expenditure (Net)	155.84	824.60	119.13	3,946.59
Add: Interest and Other Income	108.26	93.66	82.04	2,515.93
Total Profit/(Loss) Before Tax	190.86	354.60	(42.41)	865.56
Segment Assets
Integrated Solutions Division	45.89	54.03	553.42	54.03 1,275.77
Technical Division	1,506.28	1,275.77	1,375.89	13,222.15
Projects Division	13.068.46	13,222.15	19,674.23 5,284.08	5,256.65
Unallocable	5,288.80	5,256.65	26,887.62	19,808.60
Total	19,909.43	19,808.60
Segment Liabilities	329.07	329.78	856.47	329.78
Integrated Solutions Division Technical Division	625.42	1,138.31	904.42	1,138.31
Projects Division	3.465.60	3.414.29	6,617.97	3,414.29
Unallocable	15,489.36	14,926.23	18,508.76	14,926.23
Total	19,909.45	19,808.61	26,887.62	19,808.61
(Segment Assets - Liabilities)
Integrated Solutions Division	(283.18)	(275.75)	(303.05)	(275.75)
Technical Division	880.86	137.46	471.47	137.46
Projects Division	9.602.86	9,807.86	13.056.26	9,807.86
Unallocable	(10, 200.54)	(9,669.57)	(13, 224.68)	(9,669.57)
Total

Notes:

1 The above financial results for the quarter ended 30th June, 2023 have been reviewed by the Audit Committee and were approved by the Board of Directors of the Company at the meeting held on 31st July, 2023

2 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").

3 Due to a revision in basic salary during the estimation of Gratuity liability for the Quarter, there has been a reduction of gratuity liability by Rs. 38.30 Lakhs

4 Orders issued by GST Department: Disputed GST Liability for Rs. 91.29 Lakhs between GSTR 3B Vs 2B during the period from Sept-2019 to March-2020 including interest for which Company filed appeals/Writpetitions before Appellate Joint Commissioner(ST), Tirupathi/Honorable High Court of Andhra Pradesh, Amaravathi.

5 Orders issued by Assistant Commissioner of Central Tax and Central Excise, Amaravathi CGST Divisional Office, Vijayawada: Disputed Transitional Credit including interest and Penalty of Rs. 141.67 Lakhs for which Company filed an appeal before Joint/Additional Commissioner of Central Tax (Appeals), Guntur, Andhra Pradesh.

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

WAI

YDERAE

For Tera Software Limited

T. Gonichand Chairman & Managing Director DIN: 00107886

Place: Hyderabad Date: 31-07-2023

I{ARVEI{ ASSOCIATES Off: # 8-3-1047/1-8, Rama Apts. CHARTERED ACCOUNTANTS

Srinagar Colony, Hyderabad -73. Tel :040-4952 ⁰⁰⁵⁵ e-mail : ca.narven@)gmail.com ram an a (q) can arve n. com

TIMITED REVIEW REPORT

Limited Review Report on Unaudited Quorterly FinanciolResults llnder Regulotion 33 of the SEBI (Listi ng Obligotions a nd Disclosure Req uirements) Regulatio ns, 20t5,

To the Board of Directors of Tero Software Limited

We have reviewed the accompanying statement of unaudited standalone financial results of M/s. TERA SOFTWARE LIMITED, for the Quarter ended 30th June 2023, 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 measuiement principles laid down in Indian Accounting Standard 34, lnterim Financial reporting ('lnd AS 34'), prescribed under Section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in lndia. 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 lnterim Financial lnformation performed by the lndependent Auditor of the Entity, issued by the lnstitute of Chartered Accountants of lndia. 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 1a3(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.

I{ARVEI\ ASSOCIATES Off: rtr 8-3-1047/1-8, Rama Apts. Srinagar Colony, Hyderabad -73. Tel :040-4952 ⁰⁰⁵⁵ e-mail : ca.narven@gmail.com ramana@canarven.com

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 lnd AS 34, prescribed under Section 133 of the Act, and other.accounting principles generally accepted in lndia, has not disclosed the information required to be disctosed 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:31.07.2023

uDrN: 230}51i sDqs LBR2311 for Narven Associates Accountants