Ace Software Exports Limited
Regd. Off.: 801, Everest Comm. Complex, Opp.Shashtri Maidan, Rajkot - 360 001.
UNAUDITED FINANCIAL RESULTS
FOR THE QUARTER ENDED 30TH SEPTEMBER, 2002
						(Rs. In Lacs)
Sr.	Particular	Quarter	Quarter Ended	Quarter	Half Year	Half Year	Nine Months	Half year	Nine Months	Year Ended
No.		Ended	30-06-2002	Ended	Ended	Ended	Ended	Ended	Ended	31-03-2002
		30-09-2002	(Unaudited)	30-09-2001	30-9-2002	30-9-2001	31-12-2001	30-9-2001	31-12-2000	(Audited)
1	Income From Operations	120.21	75.60	80.83	195.81	266.69				530.77
2	Other Income	5.50	17.72	8.11	23.22	13.30				28.94
3	Total Expenditure
	(A) (Increase)/Decrease in Stock	6.99	(6.06)	(23.44)	0.93	33.02				67.22
	(B) Contract Charges	17.56	14.06	20.97	31.62	39.70				77.77
	(C) Software Charges	32.36	33.13	29.33	65.49	71.84				139.93
	(D) Staff Cost	5.91	8.03	9.22	13.94	17.72				41.10
	(E) Other Expenditure	24.32	24.50	27.47	48.82	44.72				80.71
4	Interest	0.00	0.00	0.00	0.00	0.00				0.00
5	Depreciation & other w/off	12.60	12.33	12.27	24.93	24.22				51.06
6	Profit Before Tax	25.97	7.33	13.12	33.30	48.77				101.92
7	Provision For Taxation
	- Current	0.00	0.00*	0.00	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	25.97	7.33	13.12	33.30	48.77				99.37
9	Paid up Equity Share Capital	500.00	500.00	500.00	500.00	500.00	#REF!	#REF!	#REF!	500.00
	(Face Value per Share in Rs.)	10.00	10.00	10.00	10.00	10.00	#REF!	#REF!	#REF!	10.00
10	Reserves Excluding Revaluation									440.66
	Reserves
11	Basic & Diluted EPS for the	0.52	0.15	0.26	0.67	0.98	#REF!	#REF!	#REF!	1.99
	Period (Not Annualised)
12	Segment Capital Employed	980.95	939.76	912.30	980.95	912.30				947.66
13	Aggregate of non-promoter
	share holding
	(a) No. of Shares	3,231,154	########	3,007,800	3,231,154	3,007,800				2,996,455
	(b) Percentage of shareholding	64.62%	59.91%	60.16%	64.62%	60.16%				59.93%
Notes :
1.	The above results were approved and taken on record at the meeting of the Board of Directors held on
	23-Oct-02
2.	The above figures have been regrouped, rearranged wherever necessary.
3.	The Co.'s operations fall under single segment namely " Computer Software and Services Exports".
4.	Appropriate provision for taxation shall be made at the year end.
				FOR & ON BEHALF OF THE BOARD
Place : Rajkot				Vikram B. Sanghani
Date   : 23-10-2002				Jt. Managing Director