- 12% rise in revenue and EBITDA for Sify Technologies, totaling INR 39,886 Million and INR 7,562 Million, respectively.
- Company reported a net loss of INR 785 Million due to increased depreciation and interest expenses.
- Sify expanded its infrastructure significantly, adding 1,137 fiber nodes and 1,870 SDWAN service points across India.
Sify Technologies (SIFY, Financial) has released its financial results for the fiscal year 2024-25, showcasing a 12% annual increase in both revenue and EBITDA, reaching INR 39,886 Million and INR 7,562 Million, respectively. Despite these increases, the company encountered a net loss of INR 785 Million, compared to a profit of INR 168 Million the previous year, mainly attributed to higher depreciation and interest costs arising from aggressive capital investments.
The revenue distribution for Sify's business segments was: Data Center services contributing 38%, Digital services 21%, and Network services 41%. The Data Center services produced strong results with INR 6,515 Million in revenue, whereas the Digital Services segment reported a loss of INR 539 Million.
Significant capital expenditure (CAPEX) of INR 12,745 Million marked Sify's commitment to enhancing its infrastructure, which now includes 1,137 fiber nodes—a 10% increase—and 1,870 SDWAN service points nationwide. This strategic expansion is poised to support India's escalating digital transformation needs.
While Sify's borrowings increased to INR 35,541 Million, the cash balance improved to INR 6,836 Million, offering financial flexibility amid expansion efforts. The increased debt levels and interest expenses have contributed to the fiscal challenges; however, the company continues to prioritize cost efficiency and fiscal discipline.
Overall, Sify Technologies is strategically positioned for future growth as India advances towards becoming a leading global digital economy, despite the current short-term profitability concerns.
