ACE SOFTWARE EXPORTS LTD.
801-Everest Complex, Opp. Shastri maidan, Rajkot - 360 001
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST  DECEMBER, 2005
						(Rs. In Lacs)
Sr.	Particulars	Quarter	Quarter	Nine Months	Nine Months	Year Ended
No.		Ended	Ended	Ended	Ended	31-03-2005
		31-12-2005	31-12-2004	31-12-2005	31-12-2004	(Audited)
1	Income From Operations	137.85	126.11	343.30	422.06	590.75
2	Other Income	6.19	18.02	24.25	36.16	34.56
3	Total Expenditure
	(A) (Increase)/Decrease in Stock	(7.58)	(9.72)	(72.08)	8.85	32.24
	(B) Contract Charges	51.85	36.81	118.31	101.25	135.14
	(C) Software Charges	33.33	39.61	113.53	120.63	151.27
	(D) Staff Cost	14.82	12.05	34.36	31.99	45.49
	(E) Other Expenditure	32.01	29.03	91.47	83.66	124.03
4	Interest	0.00	0.00	0.00	0.00	0.00
5	Depreciation & other w/off	10.47	10.37	30.75	31.14	32.36
6	Profit Before Tax	9.14	25.98	51.21	80.70	104.78
7	Provision For Taxation
	- Current	0.00	0.00	0.00	0.00	3.00
	- Deffered	0.00	0.00	0.00	0.00	8.93
8	Net Profit After Tax	9.14	25.98	51.21	80.70	92.85
9	Paid up Equity Share Capital	512.17	513.21	512.17	513.21	512.17
	(Face Value per Share in Rs.)	10.00	10.00	10.00	10.00	10.00
10	Reserves Excluding Revaluation
	Reserves					600.77
11	Basic & Diluted EPS for the	0.18	0.51	1.00	1.57	1.81
	Period (Not Annualised)
12	Segment Capital Employed	1164.22	1129.09	1164.22	1129.09	1112.94
13	Aggregate of non-promoter
	share holding
	(a) No. of Shares	2433901	2388701	2433901	2388701	2389401
	(b) Percentage of shareholding	47.52%	46.64%	47.52%	46.64%	46.65%
	Notes :
	(1) The above results were reviewed by the Audit Committee and thereafter approved and taken on record
	at the meeting of the Board of Directors held on January 31, 2006.
	(2) The above figures have been regrouped, rearranged wherever necessary.
	(3) The Company's operations fall under Principal Business Segment  namely " Computer Software and
	Services Exports "
	(4) Appropriate provision for taxation shall be made at the year end.
	(5) The Statutory Auditors of the Company have carried out a limited review of the accounts for the three
	months ended December 31, 2005
	(6) There were no Investor Complaints pending at the beginning of the quarter. 1 Complaint was received
	during the quarter and was duly attended to.
				For and on behalf of Board
	Place : Rajkot			Vikram B. Sanghani
	Date   : 31-01-2006			Jt. Managing Director