SPEL’s Board considered the
Unaudited Financial Results for Q1 FY 2020- 21. The Company had reported
decrease in Sales (₹3.96 Crores) compared to the previous quarter (₹9.51
Crores). This has resulted in loss of ₹1.14 Crores compared to profit of
₹0.19 Crores profit in the previous Quarter.
The above results were due to Government COVID related lockdowns,
resulting in total shutdown of factory for one month. Only partial
production was resumed later due to manpower & public transport
restrictions. Production was also affected due to limited cargo flights
which resulted in shortage of critical imported raw materials.
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
companies.
