Results for the quarter ended 30th September 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SPEL Semiconductor reported Q2 FY26 revenue from operations of ₹1.52 crore, down sequentially from ₹1.93 crore in Q1 FY26. The company posted a net loss of ₹12.47 crore for the quarter, sharply wider than the ₹5.59 crore loss in Q1, dragged by a ₹11.35 crore exceptional item — primarily an inventory write-off of pandemic-era finished goods. For H1 FY26, total revenue stood at ₹3.46 crore versus ₹3.53 crore in H1 FY25, with cumulative losses deepening to ₹18.05 crore from ₹8.23 crore a year ago. The auditor's note flagged negative operating cash flows and recurring losses as a going concern issue, with management planning to raise funds via sale of surplus land and lease rental loan enhancement. Other equity has eroded to a deeply negative ₹43.97 crore, leaving total equity at just ₹2.15 crore.
Sharp loss widening, pandemic-era inventory write-off, deeply negative reserves, and an explicit auditor-flagged going concern make this a high-risk quarter for shareholders. The stock is likely to remain under pressure until the company demonstrates progress on its land sale and loan enhancement plans to restore liquidity.