Sify Technologies Reports Revenue Growth Amid Q3 Loss

Sify Technologies Limited ( (SIFY) ) has released its Q3 earnings. Here is a breakdown of the information Sify Technologies Limited presented to its investors.

Sify Technologies Limited is India’s leading ICT service and solution provider, focusing on cloud-based solutions to meet the demands of the digital economy, with a strong presence in data centers, networks, and digital services. In its latest earnings report for Q3 FY 2024-25, Sify Technologies announced revenues of INR 10,491 million, marking a 21% increase from the same quarter last year, and an EBITDA of INR 1,914 million, reflecting a 13% growth. However, the company reported a loss of INR 258 million for the period. Key performance highlights include a significant increase in data center services and network services revenue, as well as the commissioning of additional data center capacity. Despite increased revenues, the loss after tax is attributed to higher depreciation, interest payments, and manpower costs. Looking ahead, Sify Technologies remains focused on cost efficiency and fiscal discipline to drive sustainable growth, underlining its strategic investments in response to evolving market dynamics.