Revenues of INR 10,723 Million. EBITDA of INR 2,111 Million.
Loss for the period INR 389 Million.
CHENNAI, India, July 18, 2025 (GLOBE NEWSWIRE) --
EARNING CALLS DETAILS July 18, 2025 | 8:30 AM ET | 06:00 PM IST
Participant Dial in:
To join: +1-888-506-0062 (Toll Free in the U.S. or Canada) or +1-973-528-0011 (International) | Access Code: 205616
On the call: Mr. Raju Vegesna, Chairman of the Board and Mr. M P Vijay Kumar, Executive Director & Group CFO
Live webcast: https://www.webcaster4.com/Webcast/Page/2184/52733
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Replay is available until July 25, 2025.
HIGHLIGHTS
-- Revenue was INR 10,723 Million, an increase of 14% over the same quarter
last year.
-- EBITDA was INR 2,111 Million, an increase of 18% over the same quarter
last year.
-- Loss before tax was INR 322 Million. Loss after tax was INR 389 Million.
-- CAPEX during the quarter was INR 2,874 Million.
MANAGEMENT COMMENTARY
Mr. Raju Vegesna, Chairman, said, "India is entering a new generation of IT transformation. I firmly believe that the next decade of digital infrastructure will be written in India. The pace at which public and private enterprises are investing in technology, cloud adoption, and automation is unmatched -- driven by an urgency not just to participate in the digital economy, but to lead it.
Government policy, industry ambition, and a vibrant innovation ecosystem are combining to create a perfect storm of opportunity. National programs like Digital India and the India AI Mission are bringing in investments in compute infrastructure and digital access, while regulatory clarity is unlocking private capital into hyperscale data centers, 5G and beyond.
India is not just consuming AI -- it is rapidly climbing up the value chain to become a creator of AI tools, frameworks, and domain-specific solutions. This ambition will translate into robust demand for integrated infrastructure that supports high-performance workloads, edge computing, and sovereign data requirements.
India will not just be a growth market; it will be the growth engine."
Mr. M P Vijay Kumar, ED & Group CFO, said, "We remain steadfast in our commitment to cost efficiency and fiscal discipline even as we navigate an increasingly complex business environment. Every investment decision is taken with long-term value creation in mind overseen by a rigorous approach to risk management. While our current results reflect the impact of depreciation, interest costs, and rising manpower expenses, these are conscious trade-offs in our strategy to build future-ready capabilities across our businesses.
Our financial strategies are designed with resilience and agility, enabling us to respond effectively to evolving market dynamics. At the same time, we are embedding sustainability as a foundational business tenet--well beyond regulatory compliance. Ultimately, our focus remains on delivering predictable, long-term value to stakeholders while staying true to our disciplined investment philosophy and high standards of accountability.
The cash balance at the end of the quarter was INR 3,861 Million."
BUSINESS HIGHLIGHTS
-- The Revenue split between the businesses for the quarter was Network
services 41%, Data Center services 37% and Digital services 22%.
-- During the quarter, Sify commissioned 8.6 MW of additional Data Center
capacity.
-- As of June 30, 2025 Sify provides services via 1159 fibre nodes across
the country, a 10% increase over same quarter last year.
-- As on June 30, 2025, Sify has deployed 9661 contracted SDWAN service
points across the country
CUSTOMER ENGAGEMENTS
Among the most prominent new contracts during the quarter were the following:
Network Services
-- A global IT leader contracted Sify for dedicated capacity on our National
Long-Distance network.
-- One of the world's largest spirit manufacturer contracted for
high-redundancy network infrastructure between their factory and regional
locations.
-- A large private bank contracted Sify to set up a Network Address
Translation Gateway $(NAT)$ in multiple cities and connect to the cloud.
-- A foreign bank, a direct-to-home entertainment platform, a multinational
digital communications technology and a leading global optical and
digital solutions company contracted for an MPLS build.
-- A foreign bank contracted Sify to connect their data center to multiple
cloud platforms.
-- Multiple State and Private banks signed up for managed SD WAN services.
-- The Network business signed up an MSA with a global telecommunication
leader.
Data Center Services
-- An upcoming IT player in the communication platform space migrated from
the competition's data center to Sify Data Center.
-- A foreign multinational into IT applications moved from their on-prem
storage to Sify DC.
-- A joint venture between a foreign insurance player and their Indian
partner signed up for Disaster Recovery services.
Digital services
-- A logistics major, a Portfolio Management company and a Scheduled bank
contracted Sify to migrate from on-premise DC to our Cloud platform.
-- A diversified financial services group, a healthcare consultancy, an
infotech major and an industrial machinery manufacturer signed up for a
greenfield cloud platform implementation.
-- A steel manufacturer, a healthcare services provider, a clean energy
provider, couple of private banks and India's first private rail wheel
and axle manufacturer signed up for services like DRaaS, PaaS and IaaS.
-- A housing finance major contracted Sify for private cloud commissioning
on-prem.
-- One of India's oldest FMCGs and a private bank signed up for on-premise
security services.
-- The healthcare major also signed up a full technology refresh.
FINANCIAL HIGHLIGHTS
Quarter Quarter Quarter Year
Description ended ended ended ended
----------------------
March March
June 2025 June 2024 2025 2025
----------------------
(Audited)
---------------------- --------- --------- --------- ---------
Revenue 10,723 9,421 9,699 39,886
Cost of Sales (6,574) (5,961) (5,869) (24,917)
Gross Profit 4,149 3,460 3,830 14,969
Other Operating
Income 85 88 76 363
Selling, General and
Administrative
Expenses (2,018) (1,676) (1,977) (7,442)
Depreciation and
Amortisation
expense (1,679) (1,306) (1,558) (5,633)
Operating Profit 537 566 371 2,257
Investment Income - 58 76 188
Impairment loss on
Investment (22) - - -
Profit before
financing and
income taxes 515 624 447 2,445
Finance income 1 - - 13
Interest expenses on
borrowings and
lease liabilities (837) (617) (762) (2,742)
Interest expenses on
pension
liabilities (1) - - (2)
Profit/(Loss) before
income taxes (322) 7 (315) (286)
--------- --------- --------- ---------
Income Tax Expense (67) (59) (263) (499)
Profit/(Loss) for
the period (389) (52) (578) (785)
---------------------- --------- --------- --------- ---------
Profit attributable
to:
----------------------
Reconciliation with
Non-GAAP measure
----------------------
Profit/(Loss) for
the period (389) (52) (578) (785)
Add:
Depreciation and
Amortisation
expense 1,679 1,306 1,558 5,633
Net Finance Expenses 765 495 630 2,294
Current Tax 122 136 189 699
Deferred Tax - - 74 -
Less:
Deferred Tax (55) (77) - (200)
Other Income
(including exchange
gain/loss) (11) (24) 28 (79)
EBITDA 2,111 1,784 1,901 7,562
---------------------- --------- --------- --------- ---------
Management-defined Performance Measures (MPMs)
Sify uses Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) as the management-defined performance measure in its public communications. This measure is not specified by IFRS Accounting Standards and therefore might not be comparable to apparently similar measures used by other entities.
Management believes adjusting operating profit for these items provides comprehensive information of the company's operating performance.
Reconciliation with Management-defined Performance Measures:
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