Sify Reports Q2 Pretax Loss of 194 Million Rupees Despite 20% EBITDA Growth
Deep News
Oct 27
During early Monday trading, Indian internet service provider Sify Technologies (SIFY) saw its shares decline by 2.7%. The drop followed the company's Q2 earnings report, which revealed a pretax loss of 194 million Indian rupees despite a 20% year-over-year increase in EBITDA to 2.361 billion rupees.
Revenue rose 3% compared to the same period last year, driven by ongoing infrastructure investments.
The company continues to balance growth initiatives with financial performance amid market challenges.
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