Sify(SIFY)2025-04-21 13:54Financial 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]