SPEL’s Board considered the unaudited accounts for the FYQ2 2013-14. Sales was ₹20.27 Crores, a 29% increase compared to the previous Quarter. The Company incurred PAT of ₹0.37 Crores (148% increase), EBITDA to the tune of ₹5.01 Crores (65% increase) & Cash Profit of ₹3.34 Crores (78% increase).

The normal drivers of the Semiconductor industry’s growth, computing, consumer electronics and automotive electronics, are showing signs of recovery due to reduced inventory levels. This combined with SPEL’s efforts to reduce all-round expenses & strong dollar helped to post a healthy turn around.

The situation is expected to be stable for rest of FY 2013-14. SPEL is also working on new strategies to tap various other business opportunities.