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Tera Software Ltd. Interim / Quarterly Report 2024
61455_rns_2024-08-03_6b192c7a-1b73-4414-98f2-5851bc3a9359.pdf
Interim / Quarterly Report
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Regd. Office : # 8-2-2931821 N 1107, Road Number 55, Jubilee Hills, Hyderabad,Telangana 500033. Tel :+91-40-23547447 E-mail : [email protected] www.terasoftware.com
Date: 03-08-2024
| BSE Limited | NationalStock Exchange of lndia Limited |
|---|---|
| P.J. Towers, Dalal Street | Exchange Plaza, Bandar Kurla Complex |
| Mumbai - 400001 | Bandra (E ), Mumbai- 400051 |
| Scrip:533982 | Symbol: TERASOFT |
Dear Sir/Madam,
Sub: Un-Audited Financiat Results for the Quarter ended 30th June, 2024.
Ref: Regulation 30, 33 and other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This is to inform you that, the Board of Directors of the Company at their meeting held today i.e. Saturd?y, 3'd August, 2024 at the Registered Office of the Company situated at Plot No.1107, Road No.55, Jubilee Hills, Hyderabad-500033, Telangana, lndia, has approved the Un-Audited Standalone & Consolidated Financial Results for the Quarter ended 30th June, 2024 along with Limited Review Report as attached.
Board Meeting commenced at 11:15 a.m. and concluded at 8:15 p.m.
Kindly take the above information on your record.
Yours faithfully,
For TERA SOFTWARE LIMITED J CH. MALLIKARJUNA Company Secretary & Compliance Officer Mem, No. A47545
TERA SOFTWARE TIMITED ctN 172200TG1994Prco18391
#8-2-293182lAlLLo7, Plot no 1107, Road no 55, Jubilee Hitts, Hyderabad-33.
STATEMENT OF STANDALONE UN-AUDITED FINANCIAI RESUTTS FOR THE qUARTER ENDED 3OTH JUNE 2024
| QUARTER ENDED | For the Year | |||
|---|---|---|---|---|
| PARTICUTARS | Fnclad | |||
| 30.05.2024 | 31".O3.2024 | 30.05.2023 | 3L.O3.2024 | |
| Unaudited | Audited | Unaudited | Audited | |
| 1. lncome from Operations | ||||
| (a) Net Sales /lncome from operations (net ol | ||||
| excise duty) | 2,446.O9 | 2,3L3.57 | 1,944.21 | 8,448.25 |
| (b) Other operating !ncome | 38.79 | |||
| (c)Other lncome | 94.40 | 105.84 | 108.26 | 392.88 |
| Iotal lncome from Operations (net) | 2,579,29 | 2,4L9,41 | 2,O52.47 | 8,841.13 |
| 2. Expenses | ||||
| Purchases | ||||
| Changes in inventories of finished goods, | ||||
| work-in-progress and stock in trade | 7.56 | |||
| Technical & Operation expense | 1,642.88 | 1,593.10 | t,zlo.sq | 5,568.59 |
| Employee benefit expense | 45L.87 | 464.24 | 450.87 | 1,856.68 |
| Finance costs | 66.97 | 74.82 | 71.15 | 285.85 |
| Depreciation & amortisation expense | 3.60 | 3.61 | 3.8s | t4.98 |
| Other Expenses | 46.76 | 57.98 | 95.40 | 3s4.67 |
| Iotal Expenses | 2,2L2.O9 | 2,203.75 | 1,861.51 | 8,O88.44 |
| 3. Profit/(tosslfrom ordinary activities but | ||||
| before Exceptional ltems (1-2) | 367,20 | 21s.66 | 190.85 | 7s2.69 |
| 4. Exceptional ltems | 3s.00 | 139.47 | ||
| 5. Profit/(Loss) from ordinary activities before | ||||
| tax (3-4) | 402.20 | 215.66 | 190.86 | 613.22 |
| 6. Tax expense | ||||
| 1) Current Tax | 102.88 | 70.06 | 6s.63 | 20s.72 |
| 2) Tax Expenses relating to Earlier years 3) Deferred Tax |
{3176l. | (31.76) | ||
| 7. Profit/(Loss) from ordinary activities after | 24.95 | 5.46 | 46.O2 | 94,61 |
| tax (5-6) | t7t.90 | |||
| 8. Extraordinary items (net of tax Rs expense | 274.38 | 79.2t | 344.55 | |
| Lakhs) | ||||
| 9. Net Profit/(Loss) before Other | ||||
| comprehensive income (7-8) | 274.38 | 171.90 | 79.21 | 344.55 |
| 10. Other Comprehbnsive lncome | ||||
| Add: (i) ltems that will be reclassified to profit | ||||
| or loss | 47.8t | 32.81 | 91.95 | 93.95 |
| Less: (ii) lncome Tal relating to items that will | ||||
| be reclassified to profit or loss | (r2.03) | (8.251 | l23.L4l | (23.6s1 |
| 11. Net Profit/(toss) for the period (9-10) | 334.22 | 212.97 | 194.30 | 462.25 |
| 12. Paid up Equity Share Capital (Face Value | ||||
| Rs 10/-) | 1,251.t9 | 1,25t.t9 | 1,25t,19 | 1,25t,L9 |
| Reserves (excluding Revaluation Reserve as | ||||
| per the Balance Sheet of previous accounting | ||||
| vearl | 9,997.9t | |||
| Earning Per equity share (for continuing | ||||
| operations): | ||||
| (1) B'asic | 2.19 | L.37 | 0.63 | 2.75 |
| (2)Diluted | 2.19 | L.37 | 0.53 | 2.7s |
| Earning Per equity share (for discontinued & | ||||
| Continuingoperations): ffi | ||||
| 2.19 | 1.37 | 0.63 | 2.75 | |
| llffi[, f:Y= |
N LLg |
L.37 | 0.53 | 2.75 |
| iit f,n\ q@y-/^*l |
ig & |
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
| Rs. In Lakhs | ||||
|---|---|---|---|---|
| QUARTER ENDED | For the Year | |||
| PARTICULARS | 30.06.2024 | 31.03.2024 | 30.06.2023 | 31.03.2024 |
| Unaudited | Audited | Unaudited | Audited | |
| 1. Segment Revenue | ||||
| a) Integrated Solutions Division | ||||
| b) Technical Division | 1,475.42 | 1,505.57 | 1,467.62 | 6,016.15 |
| c) Projects Division | 1,009.46 | 808.00 | 476.60 | 2,432.10 |
| Net sales/Income from operations | 2,484.88 | 2,313.57 | 1,944.21 | 8,448.25 |
| 2. Segment Results [Profit / (Loss) before Tax | ||||
| and Interest from each Segment] | ||||
| a) Integrated Solutions Division | ||||
| b) Technical Division | 51.96 | 54.55 | 77.22 | 238.54 |
| c) Projects Division | 403.06 | 277.87 | 253.86 | 1,108.99 |
| Total | 455.02 | 332.42 | 331.08 | 1,347.53 |
| Less: i) Interest Expenses | 66.97 | 74.82 | 92.64 | 285.86 |
| ii) Un-allocable expenditure (Net) | 115.26 | 147.79 | 155.81 | 841.33 |
| Add: Interest and Other Income | 94.40 | 105.84 | 108.26 | 392.88 |
| Total Profit/(Loss) Before Exceptional items | 367.20 | 215.66 | 190.86 | 613.22 |
| Exceptional Item | 35.00 | |||
| Total Profit/(Loss) after Exceptional items | 402.20 | 215.66 | 190.86 | 613.22 |
| Segment Assets | ||||
| Integrated Solutions Division | 16.23 | 6.96 | 45.89 | 6.96 |
| Technical Division | 1,695.69 | 1,368.05 | 1,506.28 | 1,368.05 |
| Projects Division | 12,721.93 | 12,501.38 | 13,068.46 | 12,501.38 |
| Unallocable | 5,279.34 | 5,402.71 | 5,288.80 | 5,402.71 |
| Total | 19,713.19 | 19,279.10 | 19,909.43 | 19,279.10 |
| Segment Liabilities | ||||
| Integrated Solutions Division | 334.72 | 334.40 | 329.07 | 334.40 |
| Technical Division | 967.72 | 1.178.20 | 625.42 | 1,178.20 |
| Projects Division | 1,728.10 | 1,770.50 | 3,465.60 | 1,770.50 |
| Unallocable | 16,682.65 | 15,996.00 | 15,489.34 | 15,996.00 |
| Total | 19,713.19 | 19,279.10 | 19,909.43 | 19,279.10 |
| (Segment Assets - Liabilities) | ||||
| Integrated Solutions Division | (318.49) | (323.49) | (275.75) | (327.44) |
| Technical Division | 727.97 | 2,075.82 | 137.46 | 189.85 |
| Projects Division | 10,993.83 | 7,852.79 | 9,807.86 | 10,730.88 |
| Unallocable | (11, 403.31) | (9,605.12) | (9,669.57) | (10, 593.29) |
| Total |
Notes:
- 1 The above financial results for the Quarter ended 30th June, 2024 have been reviewed by the Audit Committee and were approved by the Board of Directors of the Company at their respective meetings held on 3rd August, 2024
- 2 This statement is as per regulation 33 of the SEBI (Listing obligations and disclosure Requirements) Regulations, 2015. These financial 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 Fixed Assets of the company with gross block value of Rs.838.69 Lakhs have been subjected to an Ad-interim attachment by the sessions court, Vijayawada on the application by the Govt. of. AP. The court has ordered the company prohibiting the transfer or alienating the listed properties till further orders.
- 4 Corresponding quarter/Year figures have been re-grouped /re-classified wherever necessary to confirm to the classification of the current period.
Place: Hyderabad Date: 03-08-2024
DERA
For Tera Software Limited
T. Gopichand
Chairman & Managing Director DIN: 00107886
NARVEN ASSOCIATES Off:_# 8-3-L04717-B. Rama Apts. CHARTERED ACCOUNTANTS
Srinagar Colony, Hyderabad -73. Tel :040-49520055 e-mail : [email protected] [email protected]
LIMITED REVIEW REPORT
Limited Review Report on Unaudited Quarterly Financial results Under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, Z0I5.
To the Board of Directors of Tera Software Limited
We have reviewed the accompanying statement of unaudited standalone financial resultsoM/s. TERA SOFTWARE LIMITED, for the Quarter ended 3OthJune 2024, being submitted by theCompany pursuant to the requirements of regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation,2015 (as amendedJ 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 ('lnd AS 34'), prescribed under Section 133 ofthe Companies 4ct,20L3 ('the Act'), read with relevant rules issued thereunder 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 1a3(10) ofthe 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:03.08,2024
for Narven Associates Chartered Accountants
Partner M.no.025995 ,;;';; ;; qrst tr *s ,l11 ss6 .V.Ramana
TERA SOFTWARE LIMITED CIN L72200TG1994PLC018391
8-2-293/82/A/1107, Plot no 1107, Road no 55, Jubilee Hills, Hyderabad-33.
STATEMENT OF CONSOLIDATED UN-AUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE 2024
| Rs. In Lakhs | |||
|---|---|---|---|
| PARTICULARS | QUARTER ENDED | For the Year Ended | |
| 30.06.2024 | 31.03.2024 | 31.03.2024 | |
| Unaudited | Audited | Audited | |
| 1. Income from Operations | |||
| (a) Net Sales /Income from operations (net of | |||
| excise duty) | 2,446.09 | 2,313.57 | 8,448.25 |
| (b) Other operating Income | 38.79 | ||
| (c) Other Income | 94.40 | 105.84 | 392.88 |
| Total Income from Operations (net) | 2,579.28 | 2,419.41 | 8,841.13 |
| 2. Expenses Purchases |
|||
| Changes in inventories of finished goods, | |||
| work-in-progress and stock in trade | |||
| Technical & Operation expense | 7.56 | ||
| Employee benefit expense | 1,642.88 451.87 |
1,593.10 | 5,568.69 |
| Finance costs | 66.97 | 464.24 74.82 |
1,856.68 |
| Depreciation & amortisation expense | 3.60 | 3.61 | 285.86 14.98 |
| Other Expenses | 46.78 | 67.98 | 355.16 |
| Total Expenses | 2,212.10 | 2,203.75 | 8,088.93 |
| 3. Profit/(Loss) from ordinary activities but | |||
| before Exceptional Items (1-2) | 367.18 | 215.66 | 752.20 |
| 4. Exceptional Items | 35.00 | 139.47 | |
| 5. Profit/(Loss) from ordinary activities before | |||
| $tax(3-4)$ | 402.18 | 215.66 | 612.73 |
| 6. Tax expense | |||
| 1) Current Tax | 102.88 | 70.06 | 205.72 |
| 2) Tax Expenses relating to Earlier years 3) Deferred Tax |
(31.76) | (31.76) | |
| 7. Profit/(Loss) from ordinary activities after | 24.95 | 5.46 | 94.61 |
| tax (5-6) | 274.36 | 171.90 | |
| 8. Extraordinary items (net of tax Rs expense | 344.16 | ||
| Lakhs) | $\blacksquare$ | ||
| 9. Net Profit/(Loss) before Other | |||
| comprehensive income (7-8) | 274.36 | 171.90 | 344.16 |
| 10. Other Comprehensive Income | |||
| Add: (i) Items that will be reclassified to profit | |||
| or loss | 47.81 | 32.81 | 93.95 |
| Less: (ii) Income Tax relating to items that will | |||
| be reclassified to profit or loss | (12.03) | (8.26) | (23.65) |
| 11. Net Profit/(Loss) for the period (9-10) | 334.20 | 212.97 | 461.76 |
| 12. Paid up Equity Share Capital (Face Value | |||
| Rs 10/-) | 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 |
9,997.42 | ||
| operations): | |||
| (1) Basic | 2.19 | ||
| (2) Diluted | 2.19 | 1.37 1.37 |
2.75 |
| Earning Per equity share (for discontinued & | 2.75 | ||
| Continuing operations): | |||
| $(1)$ Basic | 2.19 | 1.37 | 2.75 |
| (2) Diluted | 2.19 | 1.37 | 2.75 |
TERA SOFTWARE LIMITED CIN L72200TG1994PLC018391 #8-2-293/82/A/1107, Plot no 1107, Road no 55, Jubilee Hills, Hyderabad-33. CONSOLIDATED SEGMENT WISE REVENUE AND RESULTS
| Rs. In Lakhs | |||
|---|---|---|---|
| PARTICULARS | QUARTER ENDED | For the Year Ended | |
| 30.06.2024 | 31.03.2024 | 31.03.2024 | |
| 1. Segment Revenue | Unaudited | Audited | Audited |
| a) Integrated Solutions Division | |||
| b) Technical Division | 1,475.42 | ||
| c) Projects Division | 1,009.46 | 1,505.57 | 6,016.15 |
| Net sales/Income from operations | 2,484.88 | 808.00 | 2,432.10 |
| 2. Segment Results [Profit / (Loss) before Tax | 2,313.57 | 8,448.25 | |
| and Interest from each Segment] | |||
| a) Integrated Solutions Division | |||
| b) Technical Division | 51.96 | 54.55 | |
| c) Projects Division | 403.06 | 277.87 | 238.54 |
| Total | 455.02 | 332.42 | 1,108.99 |
| Less: i) Interest Expenses | 66.97 | 74.82 | 1,347.53 |
| ii) Un-allocable expenditure (Net) | 115.28 | 147.79 | 285.86 |
| Add: Interest and Other Income | 94.40 | 105.84 | 841.83 |
| Total Profit/(Loss) Before Exceptional items | 367.18 | 215.65 | 392.88 |
| Exceptional Item | 35.00 | 612.72 | |
| Total Profit/(Loss) after Exceptional items | 402.18 | 215.65 | 612.72 |
| Segment Assets | |||
| Integrated Solutions Division | 16.23 | 6.96 | 6.96 |
| Technical Division | 1,695.69 | 1,368.05 | 1,368.05 |
| Projects Division | 12,721.93 | 12,501.38 | 12,501.38 |
| Unallocable | 5,279.59 | 5,402.71 | 5,402.71 |
| Total | 19,713.44 | 19,279.10 | 19,279.10 |
| Segment Liabilities | |||
| Integrated Solutions Division | 334.72 | 334.40 | 334.40 |
| Technical Division | 967.72 | 1,178.20 | 1,178.20 |
| Projects Division | 1,728.10 | 1,770.50 | 1,770.50 |
| Unallocable | 16,682.90 | 15,996.00 | 15,996.00 |
| Total | 19,713.44 | 19,279.10 | 19,279.10 |
| (Segment Assets - Liabilities) | |||
| Integrated Solutions Division | (318.49) | (323.49) | (327.44) |
| Technical Division | 727.97 | 2,075.82 | 189.85 |
| Projects Division | 10,993.83 | 7,852.79 | 10,730.88 |
| Unallocable | (11, 403.31) | (9,605.12) | (10, 593.29) |
| Total | $\qquad \qquad \blacksquare$ | ٠ |
Notes:
1 The above financial results for the Quarter ended 30th June, 2024 have been reviewed by the Audit Committee and were approved by the Board of Directors of the Company at their respective meetings held on 3rd August, 2024
- 2 This statement is as per regulation 33 of the SEBI (Listing obligations and disclosure Requirements) Regulations, 2015. These financial 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 Fixed Assets of the company with gross block value of Rs.838.69 Lakhs have been subjected to an Ad-interim attachment by the sessions court, Vijayawada on the application by the Govt. of. AP. The court has ordered the company prohibiting the transfer or alienating the listed properties till further orders.
- 4 Corresponding quarter/Year figures have been re-grouped /re-classified wherever necessary to confirm to the classification of the current period.
Place: Hyderabad Date: 03-08-2024
Fer Tera Software Limited
T. Gopichand Chairman & Managing Director DIN: 00107886
Off'-# 8-3-104711-B, Rama Apts. Srinagar Colony, Hyderabad -73. Tel :040-49520055 e-mail : [email protected] [email protected]
LIMITED REVIEW REPORT on Unaudited Consolidated Financial Results for the Quarter Obligations and Disclosure Requirementsl Regulations.2015
To The Board of directors, TERA SOFTWARE LIMITED Hyderabad.
- L. We have reviewed the accompanying statement of unaudited Consolidated financial results of M/s TERA SOFTWARE IIMITED, ("the Company") and its subsidiary (the company and its subsidiary together referred to as ("the Group") for the quarter ended on |une 30th,2024. 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 financial statements based on our review.
- We conducted our review in accordance with the Standard on Review Engagement (SRE) 241,0, Review of interim financial information 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 financial statements are free of material misstatement. A review is limited primarily to inquiries of company's personnel and analytical procedures applied to financial data and thus provides less assurance than an audit, We have not performed an audit and accordingly, we do not express an audit opinion. z.
- Based on our review 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 recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Ac! 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, z}LS (as amendqd) including the manner in which it is to be disclosed, or that it contains any material misstatement.
We also performed procedures in accordance with circular issued by SEBI under Regulation 33[B) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20L5, amended to the extent applicable,
- The Statement includes the results of the following Subsidiary:
| Name of the Company | ||
|---|---|---|
| TS Innovations Private Limited | Indian Subsidiary | |
NARVEN ASSOCIATES Continuation Sheet... CHARTERED ACCOUNTANTS
- Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited consolidated financial results, prepared in accordance with the recognition and measurement principles laid down in the aforesaid accounting standards 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 including the manner in which it is to be disclosed, or that it contains any material misstatement.
-
- Our Conclusion is not modified in respect of this matter.
-
- The consolidated Unaudited Financial results include the Interim Un-Audited Financials of M/s. TS Innovations Private Limited, whose financial statements and other financial information have been reviewed by us, whose financial statements reflect total assets of Rs.0.73 lakhs as at 30thJune, 2024, and Net assets of Rs 0.48lakhs as at 30tt lune,2024,in the consolidated balance sheet and total revenues of Rs. Nil, for the period ended at 30tt' lune, 2024 as considered in the consolidated financial statements. These financial results/statements and other financial information have been reviewed by us whose reports have been furnished to us by the Management. Our opinion, in so far as it relates to the affairs of these subsidiaries, is based solely on our review.
For Narven Associates Chartered Accountants
G.V.Ramana Partner M.No.:025955 UDIN : 2-\o251q5BKaS N )46q 51
Place: Hyderabad Date: 03.08.2024.