SPEL Semiconductor Limited

Unaudited Financial Results (Provisional) for the quarter ended Dec 31, 2009

		(Rupees in Lakhs)
No	Description
		Quarter Ended		Nine Months Ended		2007-08 (Audited)
		Dec 31, 2008	Dec 31, 2007	Dec 31, 2008	Dec 31, 2007	2007-08 (Audited)
1.	Net Sales/Income from Operation	1931.25	1791.00	6462.40	5121.80	7281.33
2.	Expenditure
	a. Increase / Decrease in stock in trade and
	works in progress	(49.49)	(185.00)	16.59	(243.80)	(186.70)
	b. Consumption of Raw materials	738.64	861.50	2678.84	2350.60	3107.39
	c. Purchase of traded goods	-	-	-	-	-
	d. Employee Cost	424.14	309.70	1256.25	877.80	1201.44
	e. Depreciation	188.81	158.40	556.90	440.70	606.71
	f. Other Expenditure	524.66	292.30	1262.99	843.40	1256.19
	h. Total	1826.76	1436.90	5771.57	4268.70	5985.03
	(Any item exceeding 10% of the total
	expenditure to be shown separately)
3	Profit from Operations before Other Income,
	Interest & Exceptional Items(1-2)	104.49	354.10	690.83	853.10	1296.31
4.	Other Income	30.52	14.90	128.34	57.30	366.87
5.	Profit before Interest & Exceptional items
	(3+4)	135.01	369.00	819.17	910.40	1663.18
6.	Interest	85.95	68.10	246.25	197.10	278.96
7.	Profit after Interest but before Exceptional
	items (5-6)	49.06	300.90	572.92	713.30	1384.22
8.	Exceptional items	-	-	-	-	292.08
9.	Profit(+)/Loss(-) from Ordinary activities
	before tax	49.06	68.10	572.92	713.30	1092.14
10.	Tax Expenses	40.88	300.90	219.43	293.10	361.03
11.	Net Profit(+)/Loss(-) from Ordinary activities
	after tax (9-10)	8.18	109.60	353.49	420.20	731.11
12.	Extraordinary items (net of tax expenses)	-	-	-	-	-
13.	Net Profit(+)/Loss(-) for the period (11-12)	8.18	191.30	353.49	420.20	731.11
14.	Paid-up Equity Share Capital [Face value
	of share Rs. 10/-each	4613.25	4611.80	4613.25	4611.80	4613.25
15.	Reserves Excluding Revaluation Reserves
	as per balance sheet of previous accounting	-	-	-	-	1369.10
	year
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	0.02	0.42	0.77	0.92	1.59
	2. Diluted	0.02	0.42	0.76	0.91	1.58
	a. Basic and Diluted EPS after
	Extraordinary items for the period, for the
	year to date and for theprevious year
	(not to be annualized)
	1. Basic	0.02	0.42	0.77	0.92	1.59
	2. Diluted	0.02	0.42	0.76	0.91	1.58
17.	Public Shareholding
	a. Number of Shares	20306236	20291721	20306236	20291721	20306236
	b. Percentage of Shareholding	44.03%	44.01%	44.03%	44.01%	44.03%

Notes

The above results were reviewed by the Audit Committee and taken on record by the Board at its meeting held on Jan 21, 2009

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

No Investor complaint was pending to be resolved at the beginning of the quarter. Complaints received:1 Complaints resolved: 1 Complaints pending: Nil

The company has provided Deferred Tax in accordance with Accounting Standard 22

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

The Impact on restatement of External commercial borrowings pursuant to AS 11 will be provided for in the results for the year ending Mar 31, 2009

During the Quarter, the Company has charged Rs.87.25 lakhs in grant of ESOS - 2007, which is in the vesting period.

Company has only one segment i.e Integrated Circuits.

Additional Informations

a.	Power Cost drastically increased due to severe power supply restrictions leading to frequent use of DG Sets.

b.	Forward Contract loss for Q3 due to contract signed during Jan 2008 was Rs.112.60 lakhs. No further exposures.

c.	Upto Dec 31, 2008 Rs.261.75 lakhs booked towards ESOS 2007 as per SEBI guidelines, under Employee cost 2 (d) above. If employees do not exercise these options due to market conditions, this expense would get reversed.

Recent 4 Quarter Results