In This Article:
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Revenue: INR39,886 million, an increase of 12% over last year.
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EBITDA: INR7,562 million, an increase of 12% over last year.
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Loss Before Tax: INR286 million.
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Loss After Tax: INR785 million.
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Capital Expenditure: INR12,745 million.
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Cash Balance: INR6,836 million at the end of the year.
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Data Center Services Revenue Share: 38% of total revenue.
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Network Services Revenue Share: 41% of total revenue.
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Digital Services Revenue Share: 21% of total revenue.
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Fiber Nodes: 1,137 fiber nodes, a 10% increase over last year.
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SD-WAN Service Points: 1,870 contracted service points across the country.
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Income Tax Expense: INR539 million.
Release Date: April 21, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Sify Technologies Ltd (NASDAQ:SIFY) reported a 12% increase in revenue for the year, reaching INR39,886 million.
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EBITDA also increased by 12% over the previous year, totaling INR7,562 million.
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The company has expanded its network infrastructure with a 10% increase in fiber nodes across India.
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Two new data center facilities have gone live in Delhi and Chennai, with additional capacity under construction in Mumbai.
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Demand for data center colocation services in India continues to exceed supply, driven by cloud consumption and hyperscaler expansion.
Negative Points
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Sify Technologies Ltd (NASDAQ:SIFY) reported a loss before tax of INR286 million and a loss after tax of INR785 million.
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Substantial capital expenditure of INR12,745 million was incurred, impacting financial results.
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There was a substantial increase in expenses due to new capacities leased for future business requirements.
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Operating leverage is still developing, with only marginal improvements in data center service margins expected.
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The demand for data center services is primarily driven by international hyperscalers, with Indian enterprise demand still in early stages.
Q & A Highlights
Q: What drove the decline in network services this quarter? A: M P Vijay Kumar, Executive Director & Group CFO, explained that there was no decline in revenue. However, there were substantial expenses due to new capacities leased for future business requirements.
Q: Can you discuss the dynamics of data center services and the roadmap for fiscal '26? A: M P Vijay Kumar noted a secular trend in recurring revenues with some one-time revenues in select quarters. Two new greenfield facilities in Delhi and Chennai have gone live, and new capacities in Mumbai are under construction, expected to go live in the next 12 to 18 months.