From GlobeNewswire: 2025-01-17 07:34:00

Sify Technologies reported revenues of INR 10,491 million and EBITDA of INR 1,914 million, with a loss for the period of INR 258 million. The company’s revenue increased by 21% over the same quarter last year, with a loss before tax of INR 119 million. Management highlighted India’s growth potential in the global marketplace.

Sify Technologies emphasized India’s role as a key destination for international companies’ strategic expansion plans due to its liberal policies and skilled resources. The company remains focused on cost efficiency and fiscal discipline to drive sustainable growth. Sify also adopted the new IFRS 18 standard for financial reporting.

In terms of business highlights, Sify’s revenue split between Data Center colocation services, Digital services, and Network services was 36%, 23%, and 41%, respectively. The company deployed additional Data Center capacity and expanded its fiber nodes and SDWAN service points. Sify secured new contracts across various sectors.

Financially, Sify’s EBITDA was INR 1,914 million, reflecting the company’s operating performance. Segment reporting showed revenue growth across Network, Data Center, and Digital services. Sify’s equity stood at INR 17,391 million, with long-term borrowings of INR 26,306 million and short-term borrowings of INR 7,326 million.

Sify Technologies is a leading ICT service and solution provider in India, catering to the evolving demands of the digital economy. With a focus on cloud solutions, Sify offers comprehensive infrastructure and services to businesses of all sizes. The company’s expertise, network, and partnerships make it a preferred choice for enterprises seeking transformation.

Disclaimer: This news summary is based on the information provided in the press release from Sify Technologies. For further details and financial information, please refer to the original source.



Read more at GlobeNewswire:: Sify reports Consolidated Financial Results for Q3 FY