SPEL’s Board considered the
Unaudited Financial Results for Q1 FY 2021-22. The Company reported
decrease in Sales (₹0.86) compared to the previous Quarter (₹2.32)
Crores This has resulted in loss of ₹3.58 Crores compared to loss of
₹5.60 Crores in the previous Quarter.
The above negative results were in part due to the covid 2nd wave
related lockdown & mainly due to labour unrest encouraged by certain
fringe parties. This affected production to a great extent. Management,
with the substantial assistance of Promoters, put forth settlement of
the troublesome workforce and separated them from services of the
Company.
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.
