SPEL’s Board considered the audited accounts for the FYQ1 2013-14. Sales was ₹15.68 Crores, a 6% decrease compared to the previous Quarter. The Company incurred a loss of ₹0.80 Crores due to decline in global demand. High Interest rupee loan too had negative impact on the bottom-line. However there was positive EBITDA to the tune of ₹3.01 Crores & Cash Profit of ₹1.88 Crores.

The normal drivers of the Semiconductor industry’s growth are computing, wireless, consumer electronics and automotive electronics. These sectors however suffered serious deceleration during last 2 Quarters. SPEL took considerable efforts to reduce all-round expenses combatting the current scenario.

The situation is expected to improve from FYQ2/Q3 onwards, as inventory levels are fast depleting. SPEL is also working on new strategies to tap new business opportunities.