IT Stock in focus after receiving order worth over ₹5,000 Cr from BSNL

The shares of a Microcap IT Company that is engaged in the business of IT & Integrated related services is in focus after securing a significant order worth over Rs 5,000 Crores from BSNL, marking a major step in expanding digital infrastructure in India.

Share Price Movement

The shares of Tera Software Ltd, with a market capitalization of Rs 208.95 Crores, as of noon were trading at Rs 174.85 per share, up by approximately 1 percent. The stock made a recovery after hitting an intraday low of Rs 162.85 per share, but later hit lower circuit due to overall weak market sentiments. 

The shares of Tera Software Ltd generated multibagger returns of 173 percent in the past year, 258 percent return in the past three years, and 634 percent returns in the past five years. 

About the Order

Tera Software Limited, in partnership with ITI Ltd, has signed an agreement with Bharat Sanchar Nigam Limited (BSNL) for a major project worth Rs 5,104 crore.

This project is part of the BharatNet initiative and involves the design, supply, construction, upgrade, operation, and maintenance of the Middle Mile Network in the states of Himachal Pradesh, West Bengal, and Andaman & Nicobar. 

The goal of the project is to improve internet services for 250,000 Gram Panchayats. Tera Software will begin implementing the project immediately after the agreement is finalized.

Also read: Why did Patanjali Foods and four other stocks falls up to 15% today?

Recent Updates 

Tera Software Limited provided updates on two legal matters. The Andhra Pradesh High Court disposed of a writ petition and allowed a fresh assessment for an earlier order. The company also received a GST demand of Rs 33.42 lakh from the Assistant Commissioner in Kolkata for discrepancies in tax filings from 2017 to 2021. Tera Software confirmed no material financial impact and is taking legal steps to resolve the issues.

Financials

The company reported an increase of 15.24 percent YoY in Revenues from Operations from Rs 20.73 Crores in Q3FY24 to Rs 23.89 Crores in Q3FY25. Their Net Profits jumped by 92 percent YoY from Rs 1.11 Crores to Rs 2.13 Crores over the same period. 

About Tera Software Ltd

Tera Software Ltd is specialized in providing e-governance solutions, particularly focusing on smart city technologies, fiber network infrastructure, and last-mile connectivity, with a core competency in developing and implementing integrated IT systems for government bodies across various sectors like sales tax automation, land registration, road transport, and public distribution systems. 

Written By Adhvaitha Nayani

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