SPEL's Board considered the Unaudited Financial Results for Q3 FY 2020-21. The Company had reported decrease in Sales (0.63 Crores) (Q3 sales 4.50 Crores) compared to the previous quarter Sales of 5.13 Crores. This has resulted in loss of 0.90 Crores compared to loss of 0.44 Crores in the previous Quarter.
Due to COVID resurgence in USA & Europe there was supply chain disruptions resulting in lower Sales & tight cashflow situation. The Company is expecting positive turn around starting Mar 2021 after another round funds' infusion by Promoters in early Feb.