INTEGRATED FILING FOR YEAR ENDED 31.3.2025
Price
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Awaiting price reaction for this filing.
SPEL Semiconductor, an IC Assembly & Test company, reported FY25 total income of ₹951.90 lakhs, sharply down from ₹1,341.37 lakhs in FY24, with revenue from operations falling about 35% to ₹786.42 lakhs. The company posted a net loss of ₹2,104.66 lakhs (vs ₹1,678.74 lakhs loss in FY24), worsened by exceptional items of ₹1,257.14 lakhs, primarily inventory write-offs. Loss per share widened to ₹(4.56) from ₹(3.64). Equity has turned sharply negative on the balance sheet (other equity of ₹(3,320.48) lakhs) while total equity is down to ₹129.13 lakhs. Operating cash flow was negative at ₹(167.09) lakhs and cash balance is negligible at ₹0.16 lakhs.
Auditor Venkatesh & Co issued a qualified opinion flagging a going concern uncertainty due to recurring losses and negative cash flows, which is a serious red flag for shareholders. The stock is likely to remain under pressure; survival depends on monetising 8.14 acres of surplus land and securing funding or government semiconductor incentives.