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Why Sify Technologies Stock Is Plummeting Today
Yahoo Financeยท 2025-10-27 17:17
Core Viewpoint - Sify Technologies is experiencing significant stock sell-offs following the release of its fiscal Q2 results, despite a year-to-date stock increase of 298% [1][3]. Financial Performance - For the second quarter ending September 30, Sify reported revenue of approximately 10.5 billion Indian rupees (around $119 million) and EBITDA of roughly 2.36 billion INR (approximately $26.7 million) [3][6]. - EBITDA saw a year-over-year increase of about 20%, while revenue growth was only 3% compared to the previous year [3][6]. Future Outlook - The company is heavily investing in data centers and infrastructure to support AI computations, but many of these projects are not yet operational, contributing to weak sales growth [4][5]. - Although significant sales increases are anticipated with the launch of new data centers, current sales growth is muted, leading to potential volatility in Sify's stock [5][6].