SPEL Semiconductor reports significant quarterly loss amid going concern doubts

SPEL Semiconductor Limited reported a comprehensive loss of INR 12,46.52 Lakhs for the quarter ended September 30, 2025, a significant increase from the INR 4,64.61 Lakhs loss in the same quarter last year. Revenue from operations for the quarter stood at INR 1,52.91 Lakhs, with total income reaching INR 2,00.69 Lakhs. Total expenses for the quarter were INR 3,12.24 Lakhs, contributing to a profit before exceptional items of INR (1,11.54) Lakhs. Exceptional items totaled INR (11,34.98) Lakhs for the quarter.

The company's auditor, Venkatesh & Co, issued a qualified review, highlighting a material uncertainty regarding SPEL Semiconductor's ability to continue as a going concern due to incurred losses and negative cash flows. The company plans to address these issues through operational restructuring and funds infusion, including proposed land sales and lease rental loan enhancement.

As of September 30, 2025, the company's total assets amounted to INR 120,30.64 Lakhs. Equity share capital remained at INR 4,611.74 Lakhs, while other equity recorded a deficit of INR (43,96.91) Lakhs. Earnings per share (EPS) for the quarter were INR (2.70) (basic and diluted).