Ace Software Exports Limited
Regd. Office : 801, Everest, Opp. Shastri Maidan, Rajkot - 360 001
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30th SEPTEMBER, 2006
(Rs.In Lacs)
Sr. Particulars Quarter  Quarter  Half Year Half Year Year Ended c
No.   Ended Ended Ended Ended   Ended
    30-09-2006 30.09.2005 30.09.2006 30.09.2005 31.03.2006 30-06-2006
    (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) (Unaudited)
               
1 Income From Operations 173.38 82.69 274.55 205.45 497.19 101.17
2 Other Income 11.59 12.22 27.20 18.06 33.09 15.61
3 Total Expenditure            
     (A) (Increase)/Decrease in Stock 65.04 (46.70) 35.81 (64.50) (52.63) (29.23)
     (B) Software Charges 65.40 69.40 139.14 146.66 305.85 73.74
     (C) Staff Cost 8.26 5.48 17.02 19.54 42.41 8.76
     (D) Other Expenditure 30.78 28.92 59.95 59.46 135.64 29.17
4 Interest 0.00 0.00 0.00 0.00 0.00 0.00
5 Depreciation & other w/off 8.22 11.71 16.41 20.28 31.99 8.19
6 Profit Before Tax               7.27              26.10              33.42          42.07                 67.02      26.15
7 Provision For Taxation*            
  - Current 0.00 0.00 0.00 0.00 0.00 0.00
  - Deferred 0.00 0.00 0.00 0.00 4.45 0.00
  - Fringe Benefit Tax 0.17 0.00 0.17 0.00 0.92 0.00
8 Net Profit After Tax               7.10              26.10              33.25          42.07                 61.65      26.15
9 Paid up Equity Share Capital 512.17 512.17 512.17 512.17 512.17 512.17
  (Face Value per Share in Rs.) 10.00 10.00 10.00 10.00 10.00 10.00
10 Reserves Excluding Revaluation            
  Reserves          630.70  
11 Basic EPS for the Period 0.14 0.51 0.65 0.82 1.20 0.51
  Diluted EPS for the Period         1.20 0.00
12 Segment Capital Employed 1176.82 1155.06 1176.82 1155.06 1142.87 1169.72
13 Aggregate of non-promoter            
  share holding            
  (a) No. of Shares 2438101.00 2433901.00 2438101.00 2433901.00 2433901.00 2438001
  (b) Percentage of shareholding 47.60% 47.52% 47.60% 47.52% 47.52% 47.60%
Notes : 
(1) The above results were reviewed by the Audit Committee and thereafter the same were approved and 
       taken on record at the meeting of the Board of  Directors held on October 30, 2006
(2) The above figures have been regrouped, rearranged wherever necessary.
(3) The Company's operations fall under single segment namely " Computer Software and Services Exports".
(4)  There were no investor complaints pending on 01/07/2006 & 1 complaint was received during the 
      Quarter ended 30th September,2006 which was duly attended to.
(5) The statutory Auditors of the company have carried out a Limited Review of the  Accounts for the Quarter  
     ended on 30th September, 2006
*     Provision for tax,if any,shall be made at the year end.
Place : Rajkot For and on behalf of the Board
Date   : 30-10-2006
Sanjay H. Dhamsania
Jt.Managing Director