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Sify reports Consolidated Financial Results for Q1 FY 2025-26
Globenewswireยท 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]