SPEL’s Board considered the audited accounts for the FY 2012-13. Sales was ₹80.52 Crores, an increase compared to the previous FY (₹79.78 Crores). The Company however incurred a loss of ₹4.53 Crores due to high Interest cost, high Power cost, write-off provisions and decline in global demand.

The normal drivers of the Semiconductor industry’s growth are computing, wireless, consumer electronics and automotive electronics. These sectors however suffered serious deceleration during 2012. SPEL took considerable efforts to reduce all-round expenses combatting the current scenario.

It is felt that the present situation is a temporary phenomenon. The situation is expected to improve from CYQ3 onwards, as inventory levels are fast depleting. SPEL is also working on new sales strategies to tap business opportunities.