Natronix-SPEL’s Semiconductor Limited announced its Q2 FY 2017-18 results. Following are the highlights:
• Revenue of 11.43Crs, up 25.74% compared to Q2 FY 2016-17
• EBITDA-adjusted 245.86L, up 183% compared to Q1 FY 2017-18
Q2 FY 2017-18 has been rewarding. The modest improvement trend is expected to continue in Q3 and results will improve on a full year basis.
Board has taken note of revenue improvement with many of our top Customers and the underlying business trends. Our innovation at business has started to gain traction and we are close to realizing our annual cost reduction milestone. It will take time to fully realize the benefits from our near and long-term initiatives in this highly competitive market, but with the right team in place we are poised to accelerate the pace of our progress. The Board is also contemplating strategic initiatives to consolidate and improve business.