Ace Software Exports Limited
Regd. Office : 801, Everest, Opp. Shastri Maidan, Rajkot - 360 001
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST  DECEMBER, 2004
						(Rs. In Lacs)
Sr.	Particulars	Quarter	Quarter	Nine Month	Nine Month	Year Ended
No.		Ended	Ended	Ended	Ended	31-03-2004
		31-12-2004	31-12-2003	31-12-2004	31-12-2003	(Audited)
1	Income From Operations	126.11	94.59	422.06	314.19	436.39
2	Other Income	18.02	41.33	36.16	64.67	76.55
3	Total Expenditure
	(A) (Increase)/Decrease in Stock	(9.72)	(21.11)	8.85	(15.19)	(2.24)
	(B) Contract Charges	36.81	28.86	101.25	74.08	97.44
	(C) Software Charges	39.61	49.22	120.63	110.26	133.71
	(D) Staff Cost	12.05	19.93	31.99	35.50	50.93
	(E) Other Expenditure	29.03	23.02	83.66	75.35	107.87
4	Interest	0.00	0.00	0.00	0.00	0.00
5	Depreciation & other w/off	10.37	13.47	31.14	39.07	51.92
6	Profit Before Tax	25.98	22.53	80.70	59.79	73.31
7	Provision For Taxation
	- Current	0.00	0.00	0.00	0.00	0.55
	- Deffered	0.00	0.00	0.00	0.00	3.65
8	Net Profit After Tax	25.98	22.53	80.70	59.79	69.11
9	Paid up Equity Share Capital	513.21	558.65	513.21	558.65	541.18
	(Face Value per Share in Rs.)	10.00	10.00	10.00	10.00	10.00
10	Reserves Excluding Revaluation
	Reserves					533.62
11	Basic & Diluted EPS for the	0.51	0.40	1.57	1.07	1.28
	Period (Not Annualised)
12	Segment Capital Employed	1129.09	1152.62	1129.09	1152.62	1074.80
13	Aggregate of non-promoter
	share holding
	(a) No. of Shares	2388701	2847702	2388701	2847702	2,692,444
	(b) Percentage of shareholding	46.64%	50.98%	46.64%	50.98%	49.57%
	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, 29 2005.
	(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, 2004
	(6)  There were no Investor Complaints pending at the beginning of the quarter.  3 Complaints were
	received during the quarter and were duly attended to .
	Place : Rajkot			Vimal Kalaria
	Date   : 29-01-2005			Director