Sify Technologies Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 13% year-over-year to INR 44,877 million, with EBITDA up 31%. Data center capacity and CapEx are set to nearly double, supported by strong demand and favorable policy. IPO for the data center subsidiary is approved, with timing dependent on market conditions.
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Q3 FY25-26 revenue grew 11% year-over-year to INR 11,596 million, with EBITDA up 29%, but losses persisted due to ongoing investments. Data center expansion and the Infinit Spaces IPO are set to drive future growth, with digital services expected to break even in FY26-27.
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Q2 FY25-26 revenue grew 3% year-over-year to INR 10,533 million, with EBITDA up 20%, but losses persisted due to continued investment in digital services. Data center and network services showed strong growth, while the Infinite Spaces IPO aims to fund further expansion.
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Revenue and EBITDA grew 14% and 18% year-over-year, respectively, but losses reflect ongoing investments in data center and digital IT services. Data center capacity and annuity-based digital services are expanding, with profitability improvements expected in 12-18 months.
Fiscal Year 2025
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Revenue and EBITDA grew 12% year-over-year, but losses persisted due to heavy investment and higher expenses. Strong demand for data center and network services is expected to continue, with new capacity coming online and CapEx set to rise slightly.
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Revenue grew 21% year-over-year to INR 10,491 million, but the quarter ended with a net loss due to ongoing investments in people, AI, and infrastructure. Data center and network services saw strong growth, with significant capacity expansions underway.
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Q2 FY24-25 revenue grew 17% year-over-year to INR 1,027.5 million, with EBITDA up 29%. Data center, digital, and network services each contributed about a third of revenue, and 6.5 MW of new data center capacity was added. Expansion is funded by a mix of debt and equity.
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Revenue rose 10% year-over-year to INR 9,421 million, with EBITDA up 3% and a loss after tax of INR 105 million. Data center growth was strong and recurring, while digital services declined due to a shift to annuity-based models. Rights issue completed, supporting ongoing expansion.