ACE SOFTWARE EXPORTS LTD.
REGD.OFFICE :  801,"EVEREST", OPP.SHASHTRI MAIDAN- RAJKOT- 360 001.
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31st DECEMBER, 2006
						(Rs.In Lacs)
Sr.	Particulars	Quarter	Quarter	Nine Months	Nine Months	Year Ended	c
No.		Ended	Ended	Ended	Ended		Ended
		31-12-2006	31-12-2005	31-12-2006	31-12-2005	31.03.2006	30-06-2006
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)	(Unaudited)
1	Income From Operations	65.93	137.85	340.48	343.30	497.19	101.17
2	Other Income	28.18	6.19	55.38	24.25	33.09	15.61
3	Total Expenditure
	(A) (Increase)/Decrease in Stock	(27.16)	(7.58)	8.65	(72.08)	(52.63)	(29.23)
	(B) Software Charges	67.79	85.18	206.93	231.84	305.85	73.74
	(C) Staff Cost	9.98	14.82	27.00	34.36	42.41	8.76
	(D) Other Expenditure	26.53	32.01	86.48	91.47	135.64	29.17
4	Interest	0.00	0.00	0.00	0.00	0.00	0.00
5	Depreciation & other w/off	7.17	10.47	23.58	30.75	31.99	8.19
6	Profit Before Tax	9.80	9.14	43.22	51.21	67.02	26.15
7	Provision For Taxation
	- Current	0.00	0.00	0.00	0.00	0.00	0.00
	- Deffered	0.00	0.00	0.00	0.00	4.45	0.00
	- Fringe Benefit Tax	0.14	0.00	0.14	0.00	0.92	0.00
8	Net Profit After Tax	9.66	9.14	43.08	51.21	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 & Diluted EPS for the	0.19	0.18	0.84	1.00	1.20	0.51
	Period (Not Annualised)						0.00
12	Segment Capital Employed	1186.74	1164.22	1186.74	1164.22	1142.87	1169.72
13	Aggregate of non-promoter
	share holding
	(a) No. of Shares	2438451.00	2433901.00	2438451.00	2433901.00	2433901.00	2438001
	(b) Percentage of shareholding	47.61%	47.52%	47.61%	47.52%	47.52%	47.60%
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, 2007.
(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 31st, 2006
(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			Sanjay H. Dhamsania
	Date   : 31-01-2007			Jt. Managing Director