"SPEL's Board considered the Unaudited Financial Results for Q2 FY 2019-20 and H1 FY 2019-20. The Company had reported Sales of ₹9.19 Crores, compared to the previous quarter of ₹6.08 Crores. Profits during the period under comparison also improved from ₹7L to ₹34L.
The above results were the outcome of continuing commitment by Promoters, Customers, Management & Employees. The Company's results demonstrated sustaining positive figures for the 2nd consecutive quarter. Customers have showed their confidence in the Company which in turn has improved the orders position.
The Company is expanding its Customer base to other industry segments to decrease dependency on highly cyclical / price sensitive applications."