SPEL Semiconductor Limited

Audited Financial Results for the year ended Mar 31, 2009

		(Rupees in Lakhs)
No	Description
		Standalone		Consolidated
		2008-09 (Audited)	2007-08 (Audited)	2008-09 (Audited)	2007-08 (Audited)
1.	Net Sales/Income from Operation	8100.26	7281.33	8100.26	7281.33
2.	Expenditure
	a. Increase / Decrease in stock in trade and
	works in progress	(123.35)	(186.70)	(123.35)	(186.70)
	b. Consumption of Raw materials	3537.46	3107.34	3537.46	3107.34
	c. Purchase of traded goods	-	-	-	-
	d. Employee Cost	1394.77	1201.44	1540.84	1313.12
	e. Depreciation	830.45	606.71	833.32	607.90
	f. Other Expenditure	1468.56	1256.26	131927	1145.65
	h. Total	7107.89	5985.05	7107.54	5987.31
	(Any item exceeding 10% of the total
	expenditure to be shown separately)
3	Profit from Operations before Other Income,
	Interest & Exceptional Items(1-2)	992.37	1296.28	992.72	1294.02
4.	Other Income	222	366.87	225.07	366.87
5.	Profit before Interest & Exceptional items
	(3+4)	1214.65	1663.15	1217.79	1660.89
6.	Interest	323.98	278.96	323.98	278.97
7.	Profit after Interest but before Exceptional
	items (5-6)	890.67	1384.19	893.81	1381.92
8.	Exceptional items	(70.18)	292.08	(70.18)	292.08
9.	Profit(+)/Loss(-) from Ordinary activities
	before tax	960.85	1092.11	963.99	1089.84
10.	Tax Expenses	337.31	361.03	338.58	361.03
11.	Net Profit(+)/Loss(-) from Ordinary activities
	after tax (9-10)	623.54	731.08	625.41	728.81
12.	Extraordinary items (net of tax expenses)	-	-	-	-
13.	Net Profit(+)/Loss(-) for the period (11-12)	623.54	731.08	625.41	728.81
14.	Paid-up Equity Share Capital [Face value
	of share Rs. 10/-each	4613.25	4613.25	4613.25	4613.25
15.	Reserves Excluding Revaluation Reserves
	as per balance sheet of previous accounting
	year	1420.58	1369.10	1421.11	1367.76
16.	Earnings per share (in Rs.)
	a. Basic and Diluted EPS before
	Extraordinary items for the period, for the
	year to date and for the previous year
	(not to be annualized)
	1. Basic	1.35	1.59	1.36	1.59
	2. Diluted	1.35	1.58	1.36	1.58
	a. Basic and Diluted EPS after
	Extraordinary items for the period, for the
	year to date and for the previous year
	(not to be annualized)
	1. Basic	1.35	1.59	1.36	1.59
	2. Diluted	1.35	1.58	1.36	1.58
17.	Public Shareholding
	a. Number of Shares	20306236	20306236	20306236	20306236
	b. Percentage of Shareholding	44.03%	44.03%	44.03%	44.03%
18.	Promoters and promoter group shareholding
	a. Pledged / Encumbered
	Number of Shares	-	-	-	-
	Percentage of Shares (as a % of the total
	shareholding of promoter and promoter
	group)
	Percentage of Shares (as a % of the total
	share capital of the company)	-	-	-	-
	b. Non-encumbered
	Number of Shares	25811207	25811207	25811207	25811207
	Percentage of Shares (as a % of the total
	shareholding of promoter and promoter
	group)	100.00%	100.00%	100.00%	100.00%
	Percentage of Shares (as a % of the total
	share capital of the company)	55.97%	55.97%	55.97%	55.97%

Notes


a.	The above results were reviewed by the Audit Committee and taken on record by the Board at its meeting held on Jun 2, 2009

b.	Previous year figures have been regrouped to make them comparable to the current year

c.	No Investor complaint was pending to be resolved at the beginning of the year. During the year Complaints received:7 Complaints resolved: 7 Complaints pending : Nil

d.	The Tax expenses comprise Deferred Tax as per Accounting Standard 22, Fringe Benefit Tax & Current Tax

e.	Company has provided minimum alternative tax as per Income Tax Act, however taken credit of the same in pursuant to entitlement under sec.115JAA of IT Act

f.	Company has followed the ammendment to Companies (Accounting Standards) Ammendment Rules 2009 for accounting the exchange differences arising on long term foreign currency items with respect to Accounting Standard 11, notified by GOI on Mar 31, 2009. Consequently capitalized the exchange differences on foreign currency monetory item with effect from 2007-08 to the cost of assets. The effect of exchange differences Rs.219.49 lakhs (Net of Tax) pertains to 2007-08 has been adjusted in the Reserve & Surplus and Depreciation reserve . The current year diffence of Rs.1046.89 lakhs has been added to fixed asset.

g.	Employee Cost: ESOS-2007 option has not been exercised by employees due to volatile market. Hence, the provision of Rs.70.18 lakhs towards ESOS in the earlier year has been reversed. Further, the balance of Rs.276.93 lakhs amortized in the first three quarters of the current year has also been reversed and set off against the committed reserves.


i.	Company has only one segment i.e Integrated Circuits.


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