Ace Software Exports Limited
Regd. Off.: 801, Everest Comm. Complex, Opp.Shashtri Maidan, Rajkot - 360 001.
UNAUDITED FINANCIAL RESULTS
FOR THE QUARTER ENDED 31st DECEMBER 2002
							(Rs. in Lacs)
Sr.	Particulars	Quarter	Quarter	Half Year	Nine Months	Nine Months	Year Ended
No.		Ended	Ended	Ended	Ended	Ended	31-03-2002
		31-12-2002	31-12-2001	30-9-2002	31-12-2002	31-12-2001	(Audited)
1	Income From Operations	147.81	152.28	195.81	343.62	418.97	530.77
2	Other Income	12.91	6.70	23.22	36.13	20.00	28.94
3	Total Expenditure
	(A) (Increase)/Decrease in Stock	37.37	29.58	0.93	38.30	62.60	67.22
	(B) Contract Charges	19.38	18.10	31.62	51.00	57.80	77.77
	(C) Software Charges	27.22	36.67	65.49	92.71	108.51	139.93
	(D) Staff Cost	10.52	7.99	13.94	24.46	25.71	41.10
	(E) Other Expenditure	23.80	22.97	48.82	72.62	67.69	80.71
4	Interest	0.00	0.00	0.00	0.00	0.00	0.00
5	Depreciation & other w/off	12.71	13.31	24.93	37.64	37.53	51.06
6	Profit Before Tax	29.72	30.36	33.30	63.02	79.13	101.92
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	0.00	2.55
8	Net Profit After Tax	29.72	30.36	33.30	63.02	79.13	99.37
9	Paid up Equity Share Capital	500.00	500.00	500.00	500.00	500.00	500.00
	(Face Value per Share in Rs.)	10.00	10.00	10.00	10.00	10.00	10.00
10	Reserves Excluding Revaluation
	Reserves						440.66
11	Basic & Diluted EPS for the	0.59	0.61	0.67	1.26	1.58	1.99
	Period (Not Annualised)
12	Segment Capital Employed	1030.94	949.66	980.95	1030.94	949.66	947.66
13	Aggregate of non-promoter
	share holding
	(a) No. of Shares	2,972,215	3,00,540	3231154	2,972,215	3,00,540	2,996,455
	(b) Percentage of shareholding	59.44%	60.11%	0.65	59.44%	60.11%	59.93%
Notes :
1.	The above results were approved and taken on record at the meeting of the Board of Directors held
	on Jan 22, 2003.
2.	The above figures have been regrouped, rearranged wherever necessary.
3.	Provision for current Income tax and Deferred tax liability as required under AS - 22 pertaining to
	accounting for taxes on Income shall be made at the end of the year.
4.	The Co.'s operations fall under single segment namely "Computer Software and Services Exports".
					For and on behalf of the Board
	Place : Rajkot				Sanjay H. Dhamsania
	Date   : 22th Jan. 2003				Jt. Managing Director