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Sify Technologies Expands Data Centers
The Motley Fool· 2025-07-18 20:42
Sify Technologies (SIFY -3.28%), an India-based information technology company, announced its fiscal 2026 first-quarter results on July 18. Revenue rose 14% year over year to 10.723 billion rupees, and EBITDA rose by 18% to 2.111 billion rupees, but the company recorded a loss after taxes of 388 million rupees on an IFRS (International Financial Reporting Standards) basis. The quarter marked the commissioning of two new greenfield data centers and a shift in digital services revenue strategy, with expectati ...
Sify(SIFY) - 2026 Q1 - Quarterly Report
2025-07-18 19:58
EXHIBIT 99.1 For immediate release Chennai, India 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 Archives: +1-877-481-4010 (Toll Free in the U.S. or Canada) or +1-919-882-2331 (Interna ...
Sify(SIFY) - 2026 Q1 - Earnings Call Transcript
2025-07-18 13:30
Financial Data and Key Metrics Changes - Revenue for Q1 FY 2025-2026 was INR 723 million, representing a 14% increase year-over-year [11] - EBITDA was INR 2,111 million, an 18% increase compared to the same quarter last year [12] - Loss before tax was INR 322 million, and loss after tax was INR 388 million [12] Business Line Data and Key Metrics Changes - Revenue split for the quarter: Network Services 41%, Data Center Colocation Services 37%, Digital IT Services 22% [10] - 8.6 megawatts of additional data center capacity was commissioned during the quarter [10] - The operational capacity available for sale reached 138 megawatts [15] Market Data and Key Metrics Changes - Sify has deployed approximately 9,473 contracted SD WAN service points across the country, with a 14% increase in fiber node services quarter-over-quarter [11] Company Strategy and Development Direction - The company is focusing on enabling AI workloads and attracting forward-thinking enterprises [12] - There is a commitment to cost efficiency and fiscal discipline while investing in future-ready capabilities [10] - The shift towards annuity revenues in the Digital IT Services segment is aimed at long-term growth [42] Management's Comments on Operating Environment and Future Outlook - Management believes India will be a growth engine for digital infrastructure, driven by government policies and a vibrant innovation ecosystem [7][8] - The company anticipates that results from investments made over the last two years will start to flow in within the next 12 to 18 months [26][45] Other Important Information - The company is evaluating various sources for raising capital, including potential IPOs for its digital services [40] - The digital services segment is transitioning from project-based revenues to recurring annuity services, which may initially result in flat top-line growth [42] Q&A Session Summary Question: What is the current operational capacity after the recent additions? - The operational capacity is now 138 megawatts after the addition of 8.6 megawatts [38] Question: What are the plans for new data center projects? - Two greenfield data center projects in Mumbai are under construction, each with a design capacity of 52 megawatts [17] Question: Can you explain the pay-per-use colocation AI model? - The model allows clients to bring their own GPUs and utilize Sify's facilities on a pay-per-use basis, with interest being shown from global clients [20][22] Question: When can we expect to see profitability improvements in the digital services segment? - Management expects to see losses shrink and operating performance improve over the next 12 to 18 months [45] Question: What is the outlook for EBITDA margins? - The data center business has an EBITDA margin of approximately 45%, while the network business is around 18% [55]
Sify reports Consolidated Financial Results for Q1 FY 2025-26
Globenewswire· 2025-07-18 12:10
Core Insights - The company reported revenues of INR 10,723 million, reflecting a 14% increase year-over-year, and EBITDA of INR 2,111 million, an 18% increase compared to the same quarter last year [8][12] - The company experienced a loss for the period amounting to INR 389 million, with a loss before tax of INR 322 million [8][12] - The management emphasized India's potential in IT transformation and digital infrastructure, highlighting significant investments in technology and cloud adoption [4][5] Financial Performance - Revenue for the quarter was INR 10,723 million, up from INR 9,421 million in the same quarter last year [12] - EBITDA increased to INR 2,111 million from INR 1,784 million year-over-year [12] - The company incurred a loss after tax of INR 389 million, compared to a loss of INR 52 million in the same quarter last year [12][16] Business Highlights - The revenue split for the quarter was 41% from Network Services, 37% from Data Center Services, and 22% from Digital Services [11] - The company commissioned 8.6 MW of additional Data Center capacity during the quarter [11] - Sify has expanded its service network to 1,159 fibre nodes, a 10% increase from the same quarter last year [11] Management Commentary - The Chairman noted that India is poised to lead in digital transformation, driven by government initiatives and a vibrant innovation ecosystem [4][5] - The Group CFO reiterated the commitment to cost efficiency and fiscal discipline while navigating a complex business environment [6][7] Customer Engagements - Notable new contracts included services for a global IT leader, a large private bank, and various multinational companies across sectors such as healthcare, logistics, and financial services [10][11]
Sify Technologies Ltd. Announces Change of Depositary
Globenewswire· 2025-07-16 13:31
CHENNAI, India, July 16, 2025 (GLOBE NEWSWIRE) -- Sify Technologies Limited (NASDAQ: SIFY), India’s leading Digital ICT solutions provider with global service capabilities spanning Data Center, Cloud, Networks, Security and Digital services, announced that it has appointed JPMorgan Chase Bank, N.A. (“JPMorgan”) as the successor depositary for the Company’s American Depositary Receipt (the “ADR”) program, effective from July 23, 2025. The Company has also entered into an amended and restated deposit agreemen ...
Sify Technologies to announce Financial Results for First Quarter FY 2025-26 on Friday, July 18, 2025
Globenewswire· 2025-07-11 12:38
Company Announcement - Sify Technologies Limited will report its unaudited IFRS financial results for the first quarter ended June 30, 2025, on July 18, 2025, before the market opens [1] - A conference call will be hosted by Mr. Raju Vegesna, Chairman of the Board, and Mr. M P Vijay Kumar, Executive Director & Group CFO, at 8:30 AM ET on the same day [2] Conference Call Details - Interested parties can participate in the conference call by dialing +1-888-506-0062 (Toll Free in the U.S. or Canada) or +1-973-528-0011 (International) [2] - The call will also be broadcast live over the Internet, with access available at Sify's investor relations website [2] Replay Information - An online archive of the Webcast will be available shortly after the conference call, with replay access until July 25, 2025 [4] Company Overview - Sify Technologies is recognized as India's leading Digital ICT solutions provider, focusing on Data Center, Cloud, Networks, Security, and Digital services [1][5] - The company has received multiple Golden Peacock awards for Corporate Governance and is positioned to meet the ICT requirements of the emerging Digital economy [5] Infrastructure and Market Presence - Sify's infrastructure includes state-of-the-art data centers and the largest MPLS network, making it a preferred choice for start-ups, SMEs, and large enterprises [6] - The company serves over 10,000 businesses across more than 1,700 cities in India and has an international presence in North America, the United Kingdom, and Singapore [7]
Sify Technologies Ltd. Regains Compliance with NASDAQ Listing Requirements
Globenewswire· 2025-07-10 15:16
Core Points - Sify Technologies Ltd. has regained compliance with Nasdaq's continued listing requirements regarding board composition and audit committee independence [1][3] - The company had previously been non-compliant due to the resignation of Dr. Ajay Kumar from the Board [2] - The appointment of Dr. Ram Sewak Sharma as an independent director and member of the Audit Committee has resolved the compliance issue [3] Company Overview - Sify Technologies is recognized for its corporate governance, having won the Golden Peacock award multiple times [4] - The company is a leading integrated ICT service and solution provider in India, focusing on the digital economy [4] - Sify's infrastructure includes advanced Data Centers and the largest MPLS network, catering to various business sizes [5] Market Presence - Sify serves over 10,000 businesses across multiple sectors, operating in more than 1,700 cities in India [6] - The company also has an international presence in North America, the UK, UAE, and Singapore [6]
Sify Technologies announces the appointment of Dr. Ram Sewak Sharma as Director on the Board
Globenewswire· 2025-06-24 14:49
Core Insights - Sify Technologies Limited has appointed Dr. Ram Sewak Sharma as a new Director on its Board, bringing extensive experience in ICT and administrative reforms [1][5]. Company Overview - Sify Technologies is recognized as India's leading Digital ICT solutions provider, offering services in Data Center, Cloud, Networks, Security, and Digital services [1][7]. - The company has received multiple Golden Peacock awards for Corporate Governance, highlighting its commitment to ethical business practices [7]. Leadership and Expertise - Dr. Sharma has over four decades of experience in the Indian Administrative Service and has played a significant role in shaping India's ICT policies [2][4]. - He was the founding Director General of the Unique Identification Authority of India (UIDAI), where he was instrumental in launching Aadhaar, the world's largest biometric identity system [3][4]. - His background includes leadership roles in the telecom industry, including Chairman of the Telecom Regulatory Authority of India (TRAI) [4]. Strategic Vision - The Chairman of Sify, Mr. Raju Vegesna, expressed confidence that Dr. Sharma's experience will be a valuable asset as the company aims to strengthen its leadership position across various business segments [5]. - Dr. Sharma emphasized the importance of technology as a catalyst for implementing large-scale social welfare measures, which aligns with Sify's mission to scale its services [6]. Market Presence - Sify serves over 10,000 businesses across various sectors, leveraging its infrastructure of state-of-the-art Data Centers and the largest MPLS network in India [8][9]. - The company has a significant international presence, operating in North America, the United Kingdom, UAE, and Singapore, catering to a diverse clientele [9].
Sify Technologies Ltd. Announces Non-Compliance with Nasdaq Listing Requirements due to Resignation of a Director
Globenewswire· 2025-06-10 12:41
Core Viewpoint - Sify Technologies Ltd. is currently in non-compliance with Nasdaq Listing Rules due to the resignation of Dr. Ajay Kumar from its Board of Directors, which has created vacancies that need to be filled to regain compliance [1][2][3]. Compliance Issues - The resignation of Dr. Ajay Kumar has led to non-compliance with Nasdaq Listing Rule 5605(b)(1), which requires a majority of independent directors, and Rule 5605(c)(2), which mandates at least three members on the audit committee [1][2]. - The company has been granted a cure period to regain compliance, lasting until the earlier of its next annual shareholders' meeting or May 15, 2026, with specific compliance deadlines if the meeting occurs before November 11, 2025 [2][4]. Company Actions - The company is actively seeking to appoint another independent director to fill the vacancy left by Dr. Kumar's resignation and aims to comply with Nasdaq Listing Rules within the specified cure period [3][4]. - If compliance is achieved before the end of the cure period, the company must submit documentation to Nasdaq, including biographies of new directors [4]. Company Overview - Sify Technologies is recognized as a leading integrated ICT service and solution provider in India, focusing on digital and AI solutions to meet the demands of the emerging digital economy [7][8]. - The company operates a robust infrastructure, including state-of-the-art data centers and the largest MPLS network in India, catering to over 10,000 businesses across various sectors [8][9].
Sify(SIFY) - 2025 Q4 - Annual Report
2025-06-09 12:11
Revenue Performance - Revenue for fiscal 2025 increased by ₹ 4,252 million ($49.68 million), representing an 11.93% growth compared to fiscal 2024[336] - Network Services revenue grew by ₹ 1,119 million ($13.08 million), primarily due to increased capacity from existing and new customer engagements[337] - Data Center Services revenue increased by ₹ 3,142 million ($36.71 million) due to new contracts and higher capacity utilization by existing customers[338] - Digital Services revenue decreased slightly by ₹ 9 million ($0.11 million), reflecting a 4% decline compared to the previous year[336] - Revenue from Digital Services decreased by ₹9 million ($0.11 million), primarily due to a ₹410 million ($4.79 million) decline in Application Integration Service and a ₹155 million ($1.81 million) decrease in Cloud and Managed Services, partially offset by a ₹556 million ($6.50 million) increase in Network Managed Services revenue[340] Cost and Expenses - Cost of sales as a percentage of revenues decreased from 62.80% in fiscal 2024 to 62.47% in fiscal 2025[335] - Selling, general and administrative expenses increased to 18.66% of revenues in fiscal 2025, up from 18.13% in fiscal 2024[335] - Total cost of sales increased by 11.35% to ₹24,917 million ($299.00 million), with significant increases in Network Services (11.50%), Data Center Services (21.86%), and Digital Services (4.43%) costs[342] - Operating costs rose by ₹496 million ($5.80 million), driven by higher repairs and maintenance and network operating costs, resulting in a total Selling, General and Administrative expense increase of 15.17%[348] Profitability - Profit from operating activities decreased to 5.66% of revenues in fiscal 2025, down from 6.73% in fiscal 2024[335] - Net profit for the year was a loss of ₹ 1,197 million ($14.06 million) in fiscal 2025, compared to a profit of ₹ 1,000 million ($12.00 million) in fiscal 2024[335] - Net profit decreased to a loss of ₹785 million ($9.50 million), a decline of 564.50% compared to the previous year, with a net profit margin of -1.97%[361] Financial Position - As of March 31, 2025, the company had borrowings of ₹39,184 million ($474.00 million), with ₹7,342 million ($88.00 million) due within 12 months[368] - The company reported a negative working capital of ₹1,106 million ($13.00 million) as of March 31, 2025, despite having cash and cash equivalents of ₹4,671 million ($56.00 million)[365] - As of March 31, 2025, cash and cash equivalents totaled ₹4,997 million in bank accounts and ₹1,761 million in bank deposits, with restricted cash deposits amounting to ₹454 million[373] Cash Flow - Net cash generated from operating activities for the year ended March 31, 2025, was ₹8,647 million (US$101.04 million), an increase attributed to higher trade payables and contract liabilities[374] - Net cash used in investing activities for the year ended March 31, 2025, was ₹12,324 million (US$144.00 million), primarily for data center facilities and renewable energy investments[377] - Net cash generated from financing activities for fiscal year 2025 was ₹4,730 million (US$55.27 million), driven by borrowings of ₹12,894 million (US$150.67 million) and proceeds from share issues[381] Capital Expenditure - Capital expenditure for the year ended March 31, 2025, amounted to ₹15,486 million (US$180.95 million), funded through internal accruals and bank borrowings[385] Investments and Agreements - SISL entered into a Debentures Subscription Agreement with KDCF, receiving an investment of ₹6,000 million (approximately US$72.23 million) for data center expansion and renewable energy investments[372] Revenue Recognition - Revenue from data center services is recognized over time as services are performed, with distinct performance obligations[398] - Revenue from digital services, including cloud and managed services, is recognized as related services are performed, with fixed contracts for a specified period[400] - Revenue from Applications Integration Services is recognized over time, measured by the amount of time/effort spent on a project[406] - Revenue from commissions on electronic commerce transactions is recognized upon transaction completion[407] - The Group allocates transaction prices to performance obligations based on relative stand-alone selling prices[409] - Incremental costs of obtaining a contract are recognized as assets and amortized over the contract period if expected to be recovered[411] - Lease rentals from operating leases are recognized on a straight-line basis over the lease term[413] - Upfront payments for Indefeasible Right of Use (IRU) arrangements are treated as deferred revenue, recognized on a straight-line basis over the term[414] Risk Management - Market risk management is conducted through a corporate treasury department that evaluates and controls market risk exposure[723] - The Group's exposure to market risk is influenced by investment and borrowing activities, as well as revenue generation in foreign currencies[723] Other Financial Information - Other operating income decreased by ₹14 million ($0.16 million), mainly due to a ₹66 million ($0.77 million) drop in Miscellaneous income, offset by a ₹52 million ($0.61 million) increase in interest income[341] - EBITDA increased by ₹806 million ($9.66 million) to ₹7,562 million ($91.00 million), reflecting an 11.93% growth due to increased revenue[353] - Depreciation and amortization expenses rose by ₹860 million ($10.05 million) to ₹5,633 million ($68.00 million), an 18.02% increase attributed to the capitalization of new assets[357] - Finance expenses increased by ₹540 million ($6.31 million) to ₹2,744 million ($33.00 million), primarily due to higher interest on borrowings[360] - Contractual cash flow for long-term obligations as of March 31, 2025, is projected at ₹32,144 million (US$375.60 million) over various time frames[384] - Impairment analysis for trade receivables is performed at each reporting date using a provision matrix based on historical loss rates[424] - Deferred tax assets are recognized to the extent that it is probable future taxable profits will be available against which the temporary difference can be utilized[433] - The company does not engage in research and development activities[386]