Q1 2025 Sify Technologies Ltd Earnings Call Transcript
Key Points
- Revenue increased by 10% year-over-year to INR9,421 million.
- EBITDA rose by 3% compared to the same quarter last year, reaching INR1,784 million.
- Sify commissioned 6.5-megawatt capacity in Mumbai, expanding its data center capabilities.
- The company successfully completed a rights issue, enhancing its liquidity and leveraging ability.
- Sify's network connectivity service now includes 9,415 SD-WAN service points across India, a significant expansion.
- Loss before tax was INR46 million, and loss after tax was INR105 million for the quarter.
- Digital services revenue declined as the company transitions from project-based to annuity-based revenue models.
- Capital expenditure for the quarter was high at INR2,656 million, indicating significant ongoing investment requirements.
- The company did not provide a specific roadmap for future data center capacity expansion, creating some uncertainty.
- Artificial intelligence demand in India has not yet taken off, limiting potential growth in this area.
Good morning, everyone, and welcome to the Sify Technologies financial results for the first quarter fiscal year 2024 to 2025. (Operator Instructions) Please note this conference is being recorded.
I will now turn the conference over to your host, Praveen Krishna of Sify Technologies. Praveen, over to you.
Thank you Jenny. I would like to extend a warm welcome to all our participants on behalf of Sify Technologies Limited. I'm joined on the call today by Raju Vegesna, Chairman; M.P. Vijay Kumar, Executive Director and Group CFO; and Kamal Nath, Chief Executive Officer of Sify Technologies Limited.
Following our comments on the results, there will be an opportunity for questions. If you do not have a copy of a press release, please call Weber Shandwick at +1 212 546 8260, and we'll have one sent over to you.
Alternatively, you may obtain a copy of the release at the Investor Information section on the company's corporate website at
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