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Sify(SIFY) - 2024 Q4 - Earnings Call Transcript
2024-04-22 13:50
Financial Data and Key Metrics Changes - Revenue for FY 2023-2024 was INR 35,634 million, an increase of 7% compared to the previous year [14] - EBITDA for the same period was INR 6,756 million, also reflecting a 7% increase year-over-year [14] - Profit before tax decreased by 77% to INR 232 million, while profit after tax saw a significant decline of 93% to INR 49 million [14] Business Line Data and Key Metrics Changes - Revenue from data center colocation services grew by 9% year-over-year [12] - Revenue from digital services decreased by 1% compared to the previous year [12] - Revenue from network-centric services increased by 10% over the last year [12] - The revenue split among business lines was 31% from data center colocation, 28% from digital services, and 41% from network services [12] Market Data and Key Metrics Changes - As of March 31, 2024, the company operated 1,033 fiber nodes, a 16% increase from the same quarter last year [13] - The company has deployed 7,835 contracted LDR and service points across the country [13] Company Strategy and Development Direction - The company is focused on expanding its data center presence and increasing capacity at existing facilities to meet demand [15] - There is a commitment to fortifying network infrastructure and cloud interconnectivity [15] - The company aims to enhance its workforce capabilities and competencies to drive innovation and efficiency [16] Management's Comments on Operating Environment and Future Outlook - The management highlighted the positive business environment in India, which is attracting international investments and partnerships [9] - The outlook for digital services is optimistic, with deeper customer engagements expected to yield results in the near future [25] - The company believes that AI and ML activities are significant demand drivers, independent of regulatory changes like the data privacy law [29] Other Important Information - The company has invested a cumulative total of $7.22 million in startups in Silicon Valley as part of its corporate venture capital initiative [13] - The cash balance at the end of the fiscal year was INR 5,835 million [16] Q&A Session Summary Question: Rationale behind the proposed rights offering - The rights offering aims to finance data center expansion and invest in digital services growth, engaging existing shareholders in the next growth phase [19] Question: Projected CapEx for the coming fiscal year - Projected CapEx will be similar to the last two years, averaging around INR 1,400 crores [20] Question: Data center roadmap and new facilities - Two greenfield projects are set to go live in Fiscal 2025, one in Noida and another in Chennai, with additional capacity planned for Mumbai [21][22] Question: Current operational status of Tower 5 in Mumbai - The Tower 5 facility has a total capacity of 38 megawatts, with nearly two-thirds expected to be occupied by the end of March 2025 [23] Question: Performance of network services in the last quarter - The network business showed organic growth, with continued investments planned for expanding network infrastructure [24] Question: Factors driving the decline in digital services - The decline was attributed to lower integration service projects, while cloud and network managed services continue to scale [26] Question: Status of the data privacy law - The data privacy law has been announced but is not yet effective; rules are expected to be issued after the new government is formed [28] Question: Impact of the data privacy law on business - The company believes that data center and network growth are driven more by AI and ML activities than by regulatory changes [29]
Sify(SIFY) - 2024 Q3 - Earnings Call Transcript
2024-01-18 16:00
Sify Technologies Limited (NASDAQ:SIFY) Q3 2024 Earnings Call Transcript January 18, 2024 8:30 AM ET Company Participants Praveen Krishna - Head of Investor Relation Raju Vegesna - Chairman, CEO and MD Kamal Nath - Chief Executive Officer M. P. Vijay Kumar - Group CFO and Whole-Time Director Conference Call Participants Greg Burns - Sidoti & Company Operator Greetings. Welcome to the Sify Technologies Financial Results for Third Quarter Fiscal Year 2023 through 2024. At this time, all participants are in a ...
Sify(SIFY) - 2024 Q2 - Quarterly Report
2023-11-20 11:15
United States Securities and Exchange Commission Washington, DC 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the half-year ended September 30, 2023 Commission File Number 000-27663 SIFY TECHNOLOGIES LIMITED (Translation of registrant's name into English) Tidel Park, Second Floor No. 4, Rajiv Gandhi Salai, Taramani Chennai 600 113, India (91) 44-2254-0770 (Address of principal executive office) Indicate by check mark whether the ...
Sify(SIFY) - 2024 Q2 - Earnings Call Transcript
2023-10-20 14:31
Sify Technologies Limited (NASDAQ:SIFY) Q2 2024 Earnings Conference Call October 20, 2023 8:30 AM ET Operator Praveen Krishna Thank you, Holly. Good morning, and I'd like to extend a warm welcome to all of our participants on behalf of Sify Technologies Limited. I'm joined on the call today by my Chairman, Raju Vegesna; my Executive Director and Group CFO, Mr. M. P. Vijay Kumar; and my CEO, Mr. Kamal Nath. Following our comments on the results, there will be an opportunity for questions. If you do not have ...
Sify(SIFY) - 2023 Q1 - Earnings Call Transcript
2023-07-20 17:30
Sify Technologies Limited (NASDAQ:SIFY) Q1 2023 Earnings Conference Call July 20, 2023 8:30 AM ET Conference Call Participants Greetings. Welcome to the Sify Technologies Financial Results for First Quarter and Fiscal Year 2023 to 2024. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note, this conference is being recorded. Thank you, Holly. I'd like to extend a warm welcome to all our participants on ...
Sify(SIFY) - 2023 Q4 - Annual Report
2023-06-28 16:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 Or þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended March 31, 2023. Or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from __________ to ______ ¨ SHELL COMPANY PURSUANT TO SECTION 13 OR ...
Sify(SIFY) - 2022 Q4 - Earnings Call Transcript
2023-04-24 14:02
Sify Technologies Limited (NASDAQ:SIFY) Q4 2022 Earnings Conference Call April 24, 2023 8:30 AM ET Company Participants Praveen Krishna - Investor Relations Raju Vegesna - Chairman Kamal Nath - Chief Executive Officer M. P. Vijay Kumar - Chief Financial Officer Conference Call Participants Greg Burns - Sidoti & Company Operator Greetings and welcome to the Sify Technologies Financial Results for the Fiscal Year 2022 to 2023. At this time, all participants are in a listen-only mode and a question-and-answer ...
Sify(SIFY) - 2023 Q3 - Quarterly Report
2023-01-25 21:52
Exhibit 99.1 For immediate release Chennai, India EARNING CALLS DETAILS January 25, 2023| 8:30 AM ET 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: 886459 On the call: Mr. Raju Vegesna, Chairman of the Board, Mr. M P Vijay Kumar, Executive Director & Group CFO and Mr. Kamal Nath, Chief Executive Officer Live webcast: https://www.webcaster4.com/Webcast/Page/2184/47468 Archives: +1-877-481-4010 (Toll Free in the U.S. or Canada) ...
Sify(SIFY) - 2023 Q3 - Earnings Call Transcript
2023-01-25 17:30
Sify Technologies Ltd (NASDAQ:SIFY) Q3 2023 Earnings Conference Call January 25, 2023 8:30 AM ET Company Participants Praveen Krishna - Investor Relations Raju Vegesna - Chairman, Chief Executive Officer & Managing Director Kamal Nath - Chief Executive Officer M. P. Vijay Kumar - Group Chief Financial Officer & Whole-Time Director Conference Call Participants Greg Burns - Sidoti & Company Operator Good morning, and welcome to Sify Technologies Financial Results for Third Quarter and Fiscal Year 2022 to 2023 ...
Sify(SIFY) - 2023 Q2 - Quarterly Report
2022-11-17 19:01
United States Securities and Exchange Commission Washington, DC 20549 Commission File Number 000-27663 SIFY TECHNOLOGIES LIMITED (Translation of registrant's name into English) Tidel Park, Second Floor No. 4, Rajiv Gandhi Salai, Taramani Chennai 600 113, India (91) 44-2254-0770 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20F þ Form 40 F ¨ 1 of 63 FORM 6-K Report of Foreign Private Issuer Purs ...