SPEL’s Board considered the Unaudited Financial Results for the Q3 FY
2016-17. Sales was ₹8.30 Crores compared to ₹9.03 Crores for the
previous Quarter. Loss for the quarter was ₹ 1.58 Crores as compared to
₹ 2.30 Crores during the previous Quarter.
During the current Quarter production was interrupted for 16 days in
December, due to Cyclone Vardah’s resultant damage to our Facilities.
This impacted Operations to a great extent.
With implementation of continuing cost reduction measures, other
expenses were reduced by ₹80 Lakhs, compared to the previous Quarter.
With the reduced overheads and improved sales, Management is looking to
close Q4 FY 2016-17 with improved financials.
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SPEL Semiconductor Limited is India’s first & only
Semiconductor IC Assembly & Test facility. SPEL pioneered the Outsourced
Semiconductor Assembly & Test Services (OSAT) market in India and
continues to steadily do so. SPEL is a trusted & strategic contract
manufacturing partner for many of the world's leading Semiconductor