SPEL - Electrifying Performance

SPEL Semiconductor Net Jumps 295 %

SPEL Semiconductor, India's first and only semiconductor IC assembly and test company, has reported a 295% rise in net profit at Rs. 5.8 crore in the financial year ended March 31, 2006 against Rs. 1.47 crore in 2004-05. Turnover of the 100% EOU firm increased by 27% to Rs. 46.28 crore (Rs.36.36 crore). SPEL said in a statement the revenue growth is expected to continue in the current year also. The company, now in the growth path, is currently installing the state of the art LMP packages. It also proposes to introduce two other new package lines. It has chalked out a $250 million expansion plan over the next five years to support its growth. This includes increasing the capacity of the existing assembly and test facilities, setting up a second facility in India, supporting the overseas acquisition. SPEL ICs are used globally in consumer electronic applications such as cell phones, PDAs, desktop PCs, notebook computers, automobiles and digital cameras.