Rajkot, India | February 1, 2025
Ace Software Exports Limited (BSE: 531525) has announced its unaudited financial results for the quarter and nine months ended December 31, 2024. The company reported solid revenue growth alongside strategic expansion initiatives, including increased authorized share capital and a planned investment in its wholly-owned subsidiary.Key Financial Highlights (Consolidated)
(₹ in Lakhs)| Particulars | Q3 FY25 (Dec 2024) | Q2 FY25 (Sep 2024) | Q3 FY24 (Dec 2023) | 9M FY25 | 9M FY24 | FY24 (Mar 2024) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 680.69 | 585.78 | 718.71 | 1,879.63 | 1,021.83 | 2,976.13 |
| Other Income | 60.37 | 17.72 | 302.65 | 106.92 | 424.75 | 603.82 |
| Total Income | 741.06 | 603.00 | 1,021.83 | 1,893.63 | 1,446.58 | 3,579.95 |
| EBITDA | 250.42 | 183.03 | 340.32 | 729.27 | 523.12 | 924.54 |
| Profit Before Tax (PBT) | 180.25 | 132.03 | 280.77 | 422.89 | 352.42 | 578.16 |
| Net Profit (PAT) | 180.25 | 132.03 | 280.77 | 422.89 | 352.42 | 534.64 |
| Earnings Per Share (EPS) | 2.82 | 2.06 | 6.00 | 6.61 | 2.53 | 8.35 |
Segment-Wise Performance
- The computer software and services exports segment remained the company's primary revenue driver.
- Employee benefit expenses rose to ₹354.69 lakh, reflecting investments in workforce expansion.
- Other expenses increased to ₹248.33 lakh, indicating increased business activity.
Corporate Developments & Strategic Announcements
1. Increase in Authorized Share Capital
The Board approved an increase in the authorized share capital from ₹15 crore to ₹20 crore, subject to shareholder approval via postal ballot. This move aligns with the company’s expansion and investment plans.2. Fundraising Initiative of ₹50 Crore
To capitalize on growth opportunities, the company restructured its Rights Issue Committee into a Fund-Raising Committee. This body will evaluate potential debt and equity funding options up to ₹50 crore, pending regulatory approvals.3. Investment in AQE Techtools Private Limited
The Board approved an ₹8 crore investment in AQE Techtools, a wholly-owned subsidiary, by subscribing to 8 lakh equity shares at ₹100 per share. The investment aims to develop digital products, including software and SaaS solutions.Auditor’s Review
The company’s financial statements were reviewed by J. A. Sheth & Associates, Chartered Accountants. The limited review report stated that the financial results comply with Indian Accounting Standards (Ind AS 34) and the SEBI LODR Regulations, with no material misstatements identified.Outlook & Conclusion
Ace Software Exports Limited is well-positioned for strategic expansion and digital transformation. With its strong financial foundation, increased share capital, and investment in its wholly-owned subsidiary, the company aims to drive long-term value for shareholders.Investors can anticipate further updates on the postal ballot process and fundraising strategy in the coming months.