The Board of Directors of SPEL Semiconductor Limited at their meeting held on May 30, 2022 approved and took on record the Audited Financial Results for Q4 FY 2021-22 and also for the Financial Year ended Mar 31, 2022.

For Q4 FY 2021-22 the Revenue was ₹8.73 Crores with Operating Profit of ₹0.96 Crores. This performance is expected to continue going forward.

For Financial Year ended Mar 31, 2022 the Company reported Revenue of ₹15.65 Crores as compared to previous FY of ₹15.92 Crores. The Operating loss during the FY 2021-22 was ₹5.88 Crores compared to a loss of ₹5.64 Crores in the previous FY. The loss for 2021-22 took into account an exceptional item of ₹5.67 Crores that was incurred towards retrenching 81 Staff from the Company, which has had a positive impact in improving the cost-structure.