Revenue Performance - Revenue for fiscal 2025 increased by ₹ 4,252 million ($49.68 million), representing an 11.93% growth compared to fiscal 2024[336] - Network Services revenue grew by ₹ 1,119 million ($13.08 million), primarily due to increased capacity from existing and new customer engagements[337] - Data Center Services revenue increased by ₹ 3,142 million ($36.71 million) due to new contracts and higher capacity utilization by existing customers[338] - Digital Services revenue decreased slightly by ₹ 9 million ($0.11 million), reflecting a 4% decline compared to the previous year[336] - Revenue from Digital Services decreased by ₹9 million ($0.11 million), primarily due to a ₹410 million ($4.79 million) decline in Application Integration Service and a ₹155 million ($1.81 million) decrease in Cloud and Managed Services, partially offset by a ₹556 million ($6.50 million) increase in Network Managed Services revenue[340] Cost and Expenses - Cost of sales as a percentage of revenues decreased from 62.80% in fiscal 2024 to 62.47% in fiscal 2025[335] - Selling, general and administrative expenses increased to 18.66% of revenues in fiscal 2025, up from 18.13% in fiscal 2024[335] - Total cost of sales increased by 11.35% to ₹24,917 million ($299.00 million), with significant increases in Network Services (11.50%), Data Center Services (21.86%), and Digital Services (4.43%) costs[342] - Operating costs rose by ₹496 million ($5.80 million), driven by higher repairs and maintenance and network operating costs, resulting in a total Selling, General and Administrative expense increase of 15.17%[348] Profitability - Profit from operating activities decreased to 5.66% of revenues in fiscal 2025, down from 6.73% in fiscal 2024[335] - Net profit for the year was a loss of ₹ 1,197 million ($14.06 million) in fiscal 2025, compared to a profit of ₹ 1,000 million ($12.00 million) in fiscal 2024[335] - Net profit decreased to a loss of ₹785 million ($9.50 million), a decline of 564.50% compared to the previous year, with a net profit margin of -1.97%[361] Financial Position - As of March 31, 2025, the company had borrowings of ₹39,184 million ($474.00 million), with ₹7,342 million ($88.00 million) due within 12 months[368] - The company reported a negative working capital of ₹1,106 million ($13.00 million) as of March 31, 2025, despite having cash and cash equivalents of ₹4,671 million ($56.00 million)[365] - As of March 31, 2025, cash and cash equivalents totaled ₹4,997 million in bank accounts and ₹1,761 million in bank deposits, with restricted cash deposits amounting to ₹454 million[373] Cash Flow - Net cash generated from operating activities for the year ended March 31, 2025, was ₹8,647 million (US$101.04 million), an increase attributed to higher trade payables and contract liabilities[374] - Net cash used in investing activities for the year ended March 31, 2025, was ₹12,324 million (US$144.00 million), primarily for data center facilities and renewable energy investments[377] - Net cash generated from financing activities for fiscal year 2025 was ₹4,730 million (US$55.27 million), driven by borrowings of ₹12,894 million (US$150.67 million) and proceeds from share issues[381] Capital Expenditure - Capital expenditure for the year ended March 31, 2025, amounted to ₹15,486 million (US$180.95 million), funded through internal accruals and bank borrowings[385] Investments and Agreements - SISL entered into a Debentures Subscription Agreement with KDCF, receiving an investment of ₹6,000 million (approximately US$72.23 million) for data center expansion and renewable energy investments[372] Revenue Recognition - Revenue from data center services is recognized over time as services are performed, with distinct performance obligations[398] - Revenue from digital services, including cloud and managed services, is recognized as related services are performed, with fixed contracts for a specified period[400] - Revenue from Applications Integration Services is recognized over time, measured by the amount of time/effort spent on a project[406] - Revenue from commissions on electronic commerce transactions is recognized upon transaction completion[407] - The Group allocates transaction prices to performance obligations based on relative stand-alone selling prices[409] - Incremental costs of obtaining a contract are recognized as assets and amortized over the contract period if expected to be recovered[411] - Lease rentals from operating leases are recognized on a straight-line basis over the lease term[413] - Upfront payments for Indefeasible Right of Use (IRU) arrangements are treated as deferred revenue, recognized on a straight-line basis over the term[414] Risk Management - Market risk management is conducted through a corporate treasury department that evaluates and controls market risk exposure[723] - The Group's exposure to market risk is influenced by investment and borrowing activities, as well as revenue generation in foreign currencies[723] Other Financial Information - Other operating income decreased by ₹14 million ($0.16 million), mainly due to a ₹66 million ($0.77 million) drop in Miscellaneous income, offset by a ₹52 million ($0.61 million) increase in interest income[341] - EBITDA increased by ₹806 million ($9.66 million) to ₹7,562 million ($91.00 million), reflecting an 11.93% growth due to increased revenue[353] - Depreciation and amortization expenses rose by ₹860 million ($10.05 million) to ₹5,633 million ($68.00 million), an 18.02% increase attributed to the capitalization of new assets[357] - Finance expenses increased by ₹540 million ($6.31 million) to ₹2,744 million ($33.00 million), primarily due to higher interest on borrowings[360] - Contractual cash flow for long-term obligations as of March 31, 2025, is projected at ₹32,144 million (US$375.60 million) over various time frames[384] - Impairment analysis for trade receivables is performed at each reporting date using a provision matrix based on historical loss rates[424] - Deferred tax assets are recognized to the extent that it is probable future taxable profits will be available against which the temporary difference can be utilized[433] - The company does not engage in research and development activities[386]

Core Insights - Sify Technologies Limited has launched a Pay-per-use model to cater to the increasing demand for AI Cloud Services [1][3] - The company has expanded its portfolio of DGX-Ready Data Centers, now certified for up to 130 KW/rack capacity under NVIDIA's program [2] - The hourly pricing model includes hosting, power, and infrastructure costs, facilitating quicker deployment for GPU Cloud partners [3] Company Developments - Sify's new colocation pricing will be available at its certified data centers in Chennai, Noida, and Navi Mumbai [2] - The CEO of Sify Infinit Spaces Limited emphasized the company's extensive infrastructure and low-latency network connectivity to hyperscale clouds [4] - Sify aims to support the growing AI market in India by removing traditional barriers to AI adoption through its innovative pricing model [4] Industry Context - India is emerging as a key player in the global AI landscape, supported by a deep talent pool and advancing digital infrastructure [4] - Sify's pay-per-use model is positioned to enable global enterprises to leverage India's AI capabilities through scalable infrastructure [4] - The company has a significant presence, with over 10,000 businesses utilizing its services across more than 1,700 cities in India [7]

Core Insights - Sify Infinit Spaces Limited has announced that its new AI-ready data center facilities in Chennai and Noida are now part of the NVIDIA DGX-Ready Data Center program and certified for liquid cooling, following the certification of its Mumbai, Rabale facility as the first in India [1][3]. Company Overview - Sify Technologies Limited is recognized as India's leading Digital ICT solutions provider, offering a comprehensive range of services including data center, cloud, networks, security, and digital services [1][4]. - The company has received multiple Golden Peacock awards for Corporate Governance, highlighting its commitment to high standards in business practices [4]. Infrastructure and Capabilities - Sify's data center deployment solution supports up to 200 KW/rack capacity and complies with ASHRAE's 30 years ambient temperature guidelines, ensuring robust performance for AI workloads [2]. - The company operates state-of-the-art data centers and has the largest MPLS network in India, making it a preferred choice for startups, SMEs, and large enterprises [5]. Market Position and Reach - More than 10,000 businesses across various sectors utilize Sify's integrated services of Data Centers, Networks, and Security, enabling seamless operations in over 1,700 cities in India [6]. - Sify also has an international presence in North America, the United Kingdom, and Singapore, expanding its global service capabilities [6].

Financial Data and Key Metrics Changes - The company remains committed to cost efficiency and fiscal discipline, aligning financial strategies with long-term value creation despite facing headwinds from capital expenditures and increased manpower costs [4] - Capital expenditure is expected to be marginally higher compared to the previous fiscal year [14] Business Line Data and Key Metrics Changes - Network services did not experience a revenue decline, but substantial expenses were incurred for new capacities leased for future business requirements [10] - Data center revenues show a secular growth trend, with two new greenfield facilities recently going live, each designed for a capacity of 30 megawatts [12][13] Market Data and Key Metrics Changes - Demand continues to exceed supply in the market, driven by cloud consumption from Indian enterprises and expanding hyperscalers [16] - In the short term, demand is expected to be driven by international hyperscalers, while medium to long-term growth will likely see increased consumption from Indian enterprises [22] Company Strategy and Development Direction - The company intends to strengthen its unique selling advantages in network, data center, and digital services over the coming years [5] - The focus remains on building resilience, enhancing operational agility, and capturing emerging opportunities in the ICT industry [4] Management's Comments on Operating Environment and Future Outlook - The operating leverage for network and data center infrastructure is positive, with potential for increased margins as capacity utilization improves [18] - Construction timelines have marginally improved post-COVID, but substantial demand for capacity creation means timelines have not changed materially [28] Other Important Information - The interest from capital providers remains stable, with no significant changes in the availability of resources such as land and power [27] Q&A Session Summary Question: What drove the decline in network services this quarter? - There was no revenue decline, but substantial expenses were incurred for new capacities leased for future business requirements [10] Question: Can you discuss the dynamics of data center services and the roadmap for the next fiscal year? - Data center revenues have a secular growth trend, with two new facilities recently going live, and the roadmap includes further capacity expansion [12][13] Question: What are the expectations for capital expenditure in fiscal twenty-six? - Capital expenditure will be marginally higher compared to fiscal twenty-five [14] Question: What is the demand mix expected to be driven by in the future? - Short-term demand will be driven by international hyperscalers, while medium to long-term growth will see more Indian enterprise consumption [22] Question: How has the construction timeline changed in the past six to twelve months? - Construction timelines have marginally improved compared to the post-COVID period, but substantial demand for capacity creation remains [28]

Financial Data and Key Metrics Changes - Revenue for the fiscal year 2023-2024 was INR 35,634 million, an increase of 7% compared to the previous year [21] - EBITDA for the same period was INR 6,756 million, also reflecting a 7% increase year-over-year [21] - Profit before tax decreased significantly by 77% to INR 232 million, while profit after tax fell by 93% to INR 49 million [21][22] Business Line Data and Key Metrics Changes - Revenue from data center colocation services grew by 9% year-over-year [20] - Revenue from digital services decreased by 1% compared to the previous year [20] - Revenue from network-centric services increased by 10% year-over-year [20] - The revenue distribution among business lines was 31% from data center colocation services, 28% from digital services, and 41% from network services [20] Market Data and Key Metrics Changes - As of March 31, 2024, the company operated 1,033 fiber nodes, a 16% increase from the same quarter last year [7] - The company has deployed 7,835 contracted LDR and service points across India [7] Company Strategy and Development Direction - The company is focused on expanding its data center presence and enhancing network infrastructure to support growth [8] - There is a commitment to maintaining proactive engagement with clients to customize offerings based on evolving needs [6] - The company aims to finance the expansion of data centers and invest in digital services through a proposed rights offering [38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in India's growth potential and the positive business environment attracting investments [5] - The outlook for the market is optimistic, with deeper customer engagements expected to yield results in the near future [29] - The company believes that AI and ML activities are significant drivers of demand, independent of regulatory changes like the data privacy law [32] Other Important Information - The company has invested a cumulative total of $7.22 million in startups in Silicon Valley as part of its corporate venture capital initiative [7] - Capital expenditure for the year was INR 12,377 million, with plans for similar expenditure in the upcoming fiscal year [8][25] Q&A Session Summary Question: Rationale behind the proposed rights offering - The rights offering aims to finance data center expansion and invest in digital services growth, engaging existing shareholders in the next growth phase [38] Question: Current capacity and future roadmap - Existing capacity is about 120 megawatts, with two new facilities planned to go live, each with a design capacity of 26 megawatts [39] Question: Digital services decline - The decline in digital services was attributed to lower integration service projects, while cloud and network managed services continued to grow [30] Question: Status of data privacy law - The data privacy law has been announced but is not yet effective; its implementation is expected after the new government is formed [31] Question: Impact of data privacy law on business - The company believes that data center and network growth are driven more by AI and digitalization rather than regulatory changes [32]

Core Insights - India's emergence as a global growth hub is a current reality, with projections indicating it will become the third-largest economy by 2030-31, growing at an annual rate of 6.7% according to S&P Global [4] - The growth is supported by liberal economic reforms, a vibrant startup ecosystem, and a demographic dividend, with over 1.2 billion mobile phone users and the second-largest internet user base globally [5] - Government initiatives like 'Digital India' and 'Startup India' have accelerated tech innovation, leading to over 100 unicorns in India, positioning it as a significant growth opportunity for global enterprises [6] Financial Performance - Revenue for the year was INR 39,886 million, reflecting a 12% increase compared to the previous year [8] - EBITDA was INR 7,562 million, also a 12% increase year-over-year [8] - The company reported a loss after tax of INR 785 million, with a loss before tax of INR 286 million [8][13] Business Highlights - Revenue distribution for the year was as follows: Data Center services 38%, Digital services 21%, and Network services 41% [9] - As of March 31, 2025, the company operates 1,137 fiber nodes, a 10% increase from the previous year, and has deployed 1,870 contracted SDWAN service points across the country [9][10] Management Commentary - The Chairman emphasized the importance of cost efficiency and fiscal discipline, while also acknowledging the challenges posed by depreciation, interest expenses, and rising manpower costs [6] - The Group CFO highlighted the commitment to invest in resilience and operational agility to capture emerging opportunities [6] Customer Engagements - Significant new contracts were signed across various sectors, including data center services, digital services, and network services, indicating strong demand for the company's offerings [12]

Group 1 - Sify Technologies Limited will report its unaudited IFRS financial results for the full year ended March 31, 2025, on April 18, 2025 [1] - A conference call will be hosted on April 21, 2025, at 8:30 AM ET, featuring Mr. Raju Vegesna and Mr. M P Vijay Kumar [2] - The conference call will be accessible via phone and will also be broadcast live on the internet [2][3] Group 2 - Sify Technologies is recognized for its corporate governance, having won multiple Golden Peacock Awards [5] - The company focuses on the changing ICT requirements of the emerging digital economy, catering to businesses of all sizes [5][6] - Sify's infrastructure includes state-of-the-art Data Centers and the largest MPLS network, making it a preferred choice for various enterprises [6][7] Group 3 - More than 10,000 businesses across multiple verticals utilize Sify's services, operating seamlessly from over 1,700 cities in India [7] - Sify has an international presence in North America, the United Kingdom, and Singapore [7]

Financial Data and Key Metrics Changes - Revenue for Q3 FY 2024-2025 was INR 10,491 million, representing a 21% increase year-over-year [17] - EBITDA was INR 1,914 million, an increase of 13% compared to the same quarter last year [17] - Loss before tax was INR 119 million, and loss after tax was INR 258 million [18] - Capital expenditure during the quarter was INR 3,343 million, with a cash balance of INR 5,327 million at the end of the quarter [18] Business Line Data and Key Metrics Changes - Revenue split for the quarter: Network Infrastructure Services 41%, Data Center Colocation Services 36%, and Digital Services 23% [15] - Sify commissioned an additional five-megawatt of data center capacity during the quarter [16] - The company has deployed 9,473 units of contracted SDWAN service points, a 14% increase year-over-year [16] Market Data and Key Metrics Changes - The company operates 1,109 fiber nodes across India, marking a 14% increase from the same quarter last year [16] - The demand for GPU as a service is emerging, particularly in the BFSI and manufacturing sectors, although the market is still in a nascent stage [22] Company Strategy and Development Direction - Sify is focusing on cost efficiency and fiscal discipline while investing in capabilities for AI opportunities [12][13] - The company aims to reposition itself to cater to AI workloads, anticipating a new set of enterprise players seeking mature network, data center, and digital services [19] - Sify is adopting IFRS 18 for financial reporting to maintain clarity and consistency [14] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of India's growing role in the global marketplace and its potential as an AI test bed [10] - The company is optimistic about future growth driven by digitalization and AI workloads, which will require substantial network capacity [34] Other Important Information - The December 2023 numbers were restated following the filing of an amended Form 20-F/A with the SEC [14] Q&A Session Summary Question: Can you provide more details about your GPU as a service offering? - The company is extending its existing cloud platform to support GPU services, with initial interest from enterprises in BFSI and manufacturing sectors [22] Question: Update on data center capacity and upcoming facilities? - Currently, Sify has 120-megawatt capacity, with 110-megawatt contracted. Two new facilities of 26-megawatt each are expected to go live soon [25][26] Question: Significant growth in SG&A, any one-time costs? - Current SG&A levels are expected to remain as the company strengthens its leadership team across businesses [28] Question: Digital Services posted a loss this quarter, what drove that? - The loss was attributed to a revenue mix change and investments in leadership for the business [30][31] Question: What is driving demand in network services? - Growth is driven by investments in wired line infrastructure over the past two years, supporting increased digitalization and AI workloads [34]

Core Insights - The company reported revenues of INR 10,491 million, representing a 21% increase year-over-year, and an EBITDA of INR 1,914 million, which is a 13% increase compared to the same quarter last year. However, the company incurred a loss of INR 258 million for the period [7][11]. Financial Performance - Revenue for the quarter ended December 2024 was INR 10,491 million, up from INR 8,659 million in December 2023 [11]. - EBITDA for the same quarter was INR 1,914 million, compared to INR 1,689 million in the previous year [11]. - The company reported a loss before tax of INR 119 million and a loss after tax of INR 258 million [7][11]. - Capital expenditures (CAPEX) during the quarter amounted to INR 3,343 million [7]. Management Commentary - The Chairman highlighted India's growing importance in the global market due to liberal policies and a skilled workforce, positioning it as a key destination for international companies [4]. - The Executive Director and Group CFO emphasized a focus on cost efficiency and fiscal discipline, attributing current results to depreciation, interest payments, and rising manpower costs [5]. Business Highlights - The revenue split for the quarter was 36% from Data Center colocation services, 23% from Digital services, and 41% from Network services [10]. - Sify commissioned an additional 5MW of Data Center capacity during the quarter [10]. - The company has expanded its fiber nodes to 1,109, a 14% increase year-over-year, and deployed 9,473 contracted SDWAN service points [10]. Customer Engagements - Notable new contracts included various sectors such as Data Center Services, Digital services, and Network Services, with significant clients from banking, insurance, and government sectors [10]. - Sify delivered over 2 million online assessments in the quarter [10]. Segment Reporting - The revenue from Data Center Services was INR 4,274 million, Digital Services contributed INR 3,837 million, and Network Services accounted for INR 2,380 million [15]. - The segment results showed a profit of INR 388 million from Network Services, INR 1,740 million from Data Center Services, and a loss of INR 234 million from Digital Services [15]. Equity and Debt - As of December 31, 2024, the company's equity stood at INR 17,391 million, with long-term borrowings at INR 26,306 million and short-term borrowings at INR 7,326 million [16].

Tidel Park, Second Floor No. 4, Rajiv Gandhi Salai, Taramani Chennai 600 113, India (91) 44-2254-0770 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20F þ Form 40 F ¨ United States Securities and Exchange Commission Washington, DC 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the half-year ended September 30, 2024 Com ...