Ace Software Exports Limited
Regd. Office : 801, Everest, Opp. Shastri Maidan, Rajkot - 360 001
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2003
				(Rs. In Lacs)
Sr.	Particular	Quarter Ended	Quarter Ended	Year Ended
No.		30-06-2003	30-06-2002	31-03-2003
		(Unaudited)	(Unaudited)	(Audited)
1	Income From Operations	103.71	75.60	421.84
2	Other Income	6.38	17.72	41.76
3	Total Expenditure
	(A) (Increase)/Decrease in Stock	10.01	(6.06)	(4.02)
	(B) Contract Charges	17.31	14.06	70.20
	(C) Software Charges	27.72	33.13	138.12
	(D) Staff Cost	7.12	8.03	36.66
	(E) Other Expenditure	27.25	24.50	105.16
4	Interest	0.00	0.00	0.00
5	Depreciation & other w/off	12.67	12.33	49.06
6	Profit Before Tax	8.01	7.33	68.42
7	Provision For Taxation
	- Current	0.00*	0.00*	0.00*
	- Deffered	0.00	0.00	12.99
8	Net Profit After Tax	8.01	7.33	55.43
9	Paid up Equity Share Capital	570.00	500.00	500.00
	(Face Value per Share in Rs.)	10.00	10.00	10.00
10	Reserves Excluding Revaluation			493.50
	Reserves
11	Basic & Diluted EPS for the	0.14	0.15	1.11
	Period (Not Annualised)
12	Segment Capital Employed	1071.51	939.76	1000.50
13	Aggregate of non-promoter
	share holding
	(a) No. of Shares	2968075	2995455	2968075
	(b) Percentage of shareholding	52.07	59.91	59.36
	Notes :
	(1) The above results were approved and taken on record at the meeting of the Board of Directors held on
	July 25, 2003
	(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) The Company's Equity Share Capital has been increased from Rs. 500 Lacs to Rs. 570 Lacs subsequent to
	conversion of 7 Lacs warrants into 7 Lacs Equity Shares of at a face value of  Rs.10/- each.
	* Provision for tax, if any, shall be made at the year end.
	Place : Rajkot		Vikram B. Sanghani
	Date   : 25-07-2003		Jt. Managing Director