Sify reports Consolidated Financial Results for Q3 FY 2024-25

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].