In the current market downturn, there are a few stocks that are continuously reaching new levels.
The price of share for Tera Software, a penny share of the IT sector, is undergoing an upswing these days.
Share of Tera Software Ltd closed at the price of Rs 141.05 with an increase of 10 percent.
Terra Software’s stock price reached its 52-week highest on Tuesday. The stock has been showing constant growth for the last 6 days, yielding a staggering 81 percent return.
It has outperformed its peers by 9.63 percent and shows positive trends in line with its moving average.
Tera Software has shown a remarkable growth of 220.36 percent over the past year, which indicates its potential in the market.
Terra Software, a microcap IT software firm, recently hit a 52-week record high, when its share price topped the price of Rs 141 on November 12, 2024.
The company has posted incredible returns of 81 percent in the last six days.
Tera Software has shown an astounding growth rate of 220.36 percent over the last calendar year. This is more than its performance Sensex of 21.95 percent.
Received Big Order
Terra Software Limited recently participated in the bidding process for Middle Mile Network – Phase 3 of the BharatNet Project in conjunction together with ITI Limited (a Public Sector Undertaking).
Tera Software Limited emerged as the bidder with the lowest price (L1) on the bid for this project.
It was located for Himachal Pradesh (Package No. 8), West Bengal, and Andaman & Nicobar Islands (Package No. 9.) and a final amount of Rs 3,022 crore.
Financial Performance Of The Company
Based on the quarterly results, Terra Software Limited recorded revenues of Rs 25.34 crore in September of 2024, contrasted to Rs 21.17 crore, indicating an increase of 19.70 percent in comparison to the same period last year.
Tera Software recorded operating profits of Rs 2.31 crore, with an average margin of 9.12 percent, contrasted with Rs 2.03 crore, with an operating ratio that was 9.59 percent.
The net profit for the company during the quarter was Rs 1.26 crore, whereas the company lost less than Rs 0.18 crore during the same quarter of last year.
Examining the results for the fiscal year in year, the company racked up an income of Rs 84.48 crore for FY 2024, compared to Rs 130.80 crore in FY 2023.
The figure is down 35.41 percent when compared with the previous year’s financial year. Profit from operating activities for the year was at Rs 7.05 crore as net profit stood at Rs 3.45 crore, compared to Rs 3.47 crore.
Quick Fact
| Company name | Tera Software |
|---|---|
| Sector | IT software |
| Market position | Microcap |
| Recent share price increase | ₹141.05 |
| Recent % increase | 10% on Tuesday |
| 52-week high date | November 12, 2024 |
| Recent returns (6 days) | 81% |
| Annual growth rate | 220.36% |
| Outperformance over peers | 9.63% |
| Outperformance over Sensex | 198.41% |
| Moving average trend | Positive |
| Major project participation | BharatNet Project |
| Project phase | Middle Mile Network – Phase 3 |
| Project partners | ITI Limited (Public Sector Undertaking) |
| Project regions | Himachal Pradesh, West Bengal, Andaman & Nicobar Islands |
| Lowest bid (L1) | Yes |
| Project amount | ₹3,022 crore |
| Latest quarterly revenue | ₹25.34 crore |
| Quarterly revenue growth | 19.70% |
| Quarterly operating profit | ₹2.31 crore |
| Quarterly margin | 9.12% |
| Quarterly net profit | ₹1.26 crore |
| Previous year’s quarterly loss | ₹0.18 crore |
| Annual income (FY 2024) | ₹84.48 crore |
| Annual income decline | 35.41% |
| Annual operating profit | ₹7.05 crore |
| Annual net profit | ₹3.45 crore |
| Previous year’s net profit | ₹3.47 crore |
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