Ace Software Exports Limited
Regd. Office : 801, Everest, Opp. Shastri Maidan, Rajkot - 360 001
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31st MARCH 2005
Sr.	Particulars	Nine Months	Quarter	Quarter	Quarter	Nine Months	Half year	Nine Months	Year Ended	Year Ended	Consolidated Financials
No.		Ended	Ended	Ended	Ended	Ended	Ended	Ended			Year ended March 31
		31-12-2004	31-03-2005	31-03-2004	31-03-2001	31-12-2001	30-9-2001	31-12-2000	31-03-2005	31-03-2004	(Audited)
		(Unaudited)	(Unaudited)	(Unaudited)					(Audited)	(Audited)	2005	2004
1	Income From Operations	431.84	158.91	122.20	131.38	418.97	266.69	423.15	590.75	436.39	995.73	442.26
2	Other Income	26.38	8.18	9.74	3.20	20.00	13.30	7.55	34.56	76.55	40.84	76.56
3	Total Expenditure
	(A) (Increase)/Decrease in Stock	8.85	23.39	12.95	(16.30)	62.60	33.02	35.44	32.24	(2.24)	32.24	(2.24)
	(B) Contract Charges	101.25	33.89	23.26	26.38	57.80	39.70	95.32	135.14	97.44	135.14	97.44
	(C) Software Charges	120.63	30.64	23.45	25.51	108.51	71.84	54.68	151.27	133.71	181.60	133.71
	(D) Staff Cost	31.99	13.50	24.52	11.49	25.71	17.72	25.32	45.49	50.93	254.95	53.17
	(E) Other Expenditure	83.66	40.37	20.28	26.80	67.69	44.72	61.01	124.03	107.87	223.23	110.90
4	Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
5	Depreciation & other w/off	31.14	1.22	12.96	12.04	37.53	24.22	35.47	32.36	51.92	52.80	52.11
6	Profit Before Tax	80.70	24.08	14.52	48.66	79.13	48.77	123.46	104.78	73.31	156.61	73.73
7	Provision For Taxation				0.00	0.00	0.00	0.00
	- Current	-	3.00	-	-	-	-	-	3.00	0.55	4.67	0.67
	- Deferred	-	8.93	3.50	-	-	-	-	8.93	3.65	9.00	3.76
8	Net Profit After Tax	80.70	12.15	11.02	48.66	79.13	48.77	123.46	92.85	69.11	142.94	69.30
9	Paid up Equity Share Capital	512.17	512.17	543.13	500.00	500.00	500.00	500.00	512.17	541.18	512.17	541.18
	(Face Value per Share in Rs.)	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
10	Reserves Excluding Revaluation
	Reserves								600.77	533.62	634.36	538.92
11	Basic EPS for the Period	1.58	0.24	0.20	0.97	1.58	0.98	2.47	1.81	1.28	2.79	1.28
	Diluted EPS for the Period	1.57	0.23	0.20					1.80	1.22	2.77	1.23
12	Segment Capital Employed	1129.09	1112.94	1109.44					1112.94	1074.80	1319.38	1080.10
13	Aggregate of non-promoter
	share holding
	(a) No. of Shares	2388701	2389401	2,692,444	2,968,075	2,968,075	2,968,075	2,968,075	2,389,401	2,692,444	2,389,401	2,692,444
	(b) Percentage of shareholding	46.64%	46.65%	49.57%					46.65%	49.57%	46.65%	49.57%
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 June 29, 2005
	(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 consolidated results have been prepared in line with the requirements of Accounting
	Standard-21  "Consolidated financial statements".
	(5)  Consolidated Financials are not comparable as they include the Financials Results  of subsidiary -
	Apex  Advanced  Technology Pvt Ltd for the Year 2004-05 and not in the earlier period.
	(6)  The extent of holding of the company in Rajkot Computer Education Pvt. Ltd is 100% and in Apex Advanced Technology Pvt. Ltd. Is 79.75%
	(7) The Board of Directors have recommended dividend @ 5% for the year 2004-05
	(8)  There were no investor complaints pending on 01/01/2005 &  2 complaints were received during the
	quarter ended 31st March,2005 which were duly attended to.
									For and on behalf of the Board
	Place : Rajkot								Sanjay H. Dhamsania
	Date   : 29-06-2005								Jt. Managing Director
					c:\parag\acct\ace_result