Ace Software Exports Limited
Regd. Office : 801, Everest, Opp. Shastri Maidan, Rajkot - 360 001
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30th JUNE 2006
(Rs.In Lacs)
Sr. Particulars Quarter  Quarter  Year Ended
No.   Ended Ended  
    30-06-2006 30-06-2005 31-03-2006
    (Unaudited) (Unaudited) (Audited)
         
1 Income From Operations 101.17 122.76                         497.19
2 Other Income 15.61 5.84                           33.09
3 Total Expenditure      
     (A) (Increase)/Decrease in Stock (29.23) (17.80)                          (52.63)
     (B) Software Charges 73.74 77.26                         305.85
     (C) Staff Cost 8.76 14.06                           42.41
     (D) Other Expenditure 29.17 30.54                         135.64
4 Interest 0.00 0.00 0.00
5 Depreciation & other w/off 8.19 8.57                           31.99
6 Profit Before Tax                26.15                      15.97                           67.02
7 Provision For Taxation*      
  - Current 0.00 0.00 0.00
  - Deferred 0.00 0.00                             4.45
  - Fringe Benefit Tax 0.00 0.00                             0.92
8 Net Profit After Tax                26.15                      15.97                           61.65
9 Paid up Equity Share Capital 512.17 512.17                         512.17
  (Face Value per Share in Rs.) 10.00 10.00                           10.00
10 Reserves Excluding Revaluation      
  Reserves      630.80
11 Basic EPS for the Period 0.51 0.31 1.20
  Diluted EPS for the Period 0.00 0.00 1.80
12 Segment Capital Employed 1169.72 1128.94 1142.87
13 Aggregate of non-promoter      
  share holding      
  (a) No. of Shares 2438001 2389401 2433901
  (b) Percentage of shareholding 47.60% 46.65% 47.52%
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 July 31, 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 01/04/2006 & 1 complaint was received during the
      Quarter ended 30th June, 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 June,2006
*     Provision for tax,if any,shall be made at the year end.
        For and on behalf of the Board
Place : Rajkot Vikram B.Sanghani
Date   : 31-07-2006      Jt. Managing Director