SPEL Semiconductor Limited, India’s first & only Semiconductor IC Assembly & Test Company, has reported a 46% increase in its net profit as compared to the profit of previous year after removing the extraneous income.

Announcing its annual audited results, SPEL reported sales of Rs. 538.97 million (Previous year Rs 462.85 million) with a net profit of Rs.39.12 million. While the revenues have grown by 16%, (the net profit has to be compared with operating profits for last year after removing other Income of Rs 31.47 million which comes to Rs 26.62 million in 2005-06 ). Hence, the operating profit has increased by 46% over the previous FY.

SPEL introduced 2 new package lines that are currently seeing an increased momentum. SPEL commissioned the state–of-the-art LMP package in the FY 2006-07, as part of its growth plan, production of which has commissioned as scheduled. This has considerably increased its attractiveness. Installation of Micro thin LMP (with an investment of $2.2 Million) was done in Feb 2007 and the same will be ready for production by July 2007. Apart from these SPEL has also invested $5.5 Million on expanding its existing package lines.

The strong demand experienced by SPEL’s existing Customers and infusion of new package lines fuel expectation for this growth trend to continue in FY 2007-08 also.
The FY 2006-07 saw SPEL gain tremendous momentum which was reflected not only in its increases sales & revenues but also in new Customers, Partners, & new business opportunities.

SPEL ICs are used globally in consumer electronic applications such as Cell Phones, PDAs, Desktop PCs, Notebook Computers, Automobiles & Digital Cameras.