Sify reports Consolidated Financial Results for Q2 FY 2025-26
Sify (SIFY) reported Q2 FY2025-26 consolidated revenue of INR 10,533 million, EBITDA of INR 2,361 million (+20% YoY) and a loss after tax of INR 275 million. Cash at quarter end was INR 4,149 million while net debt widened to INR 30,403 million. CAPEX during the quarter was INR 3,064 million. Business mix: Network 41%, Data Center 39%, Digital 20%. Operational highlights include commissioning 3 MW additional data center capacity, 1,196 fibre nodes (12% YoY growth) and 9,992 contracted SDWAN service points.
Management cites continued investments in hyperscale data centers, network expansion and AI-ready platforms while emphasizing fiscal discipline and robust liquidity management.
Sify (SIFY) ha riportato ricavi consolidati per il secondo trimestre FY2025-26 di INR 10,533 milioni, EBITDA di INR 2,361 milioni (+20% YoY) e una perdita netta di INR 275 milioni. La cassa a fine trimestre era di INR 4,149 milioni mentre il debito netto si era allargato a INR 30,403 milioni. CAPEX nel trimestre era INR 3,064 milioni. Mix di business: Rete 41%, Data Center 39%, Digitale 20%. Punti salienti operativi includono l’attivazione di ulteriori 3 MW di capacità del data center, 1,196 nodi in fibra (cresciuto del 12% YoY) e 9,992 punti di servizio SDWAN contratti.
La Direzione cita investimenti continui in data center iperscale, espansione della rete e piattaforme pronte per l’IA, sottolineando al contempo la disciplina fiscale e una gestione della liquidità solida.
Sify (SIFY) informó ingresos consolidados del 2T FY2025-26 de INR 10,533 millones, EBITDA de INR 2,361 millones (+20% interanual) y una pérdida después de impuestos de INR 275 millones. El efectivo al cierre del trimestre fue de INR 4,149 millones mientras la deuda neta se amplió a INR 30,403 millones. El CAPEX durante el trimestre fue de INR 3,064 millones. Mezcla de negocio: Red 41%, Centro de datos 39%, Digital 20%. Aspectos operativos incluyen la puesta en marcha de 3 MW de capacidad adicional de data center, 1,196 nodos de fibra (crecimiento interanual del 12%) y 9,992 puntos de servicio SDWAN contratados.
La dirección cita inversiones continuas en centros de datos hyperscale, expansión de la red y plataformas listas para IA, enfatizando la disciplina fiscal y una sólida gestión de la liquidez.
Sify (SIFY)가 FY2025-26 회계연도 2분기 연결 매출은 INR 10,533백만, EBITDA는 INR 2,361백만(+전년비 20%), 법인세 차감 전 손실은 INR 275백만이라고 발표했습니다. 분기말 현금은 INR 4,149백만이며 순부채는 INR 30,403백만으로 확대되었습니다. 분기동안 CAPEX는 INR 3,064백만이었습니다. 사업 구성은 네트워크 41%, 데이터 센터 39%, 디지털 20%입니다. 운영 하이라이트로는 추가 3 MW의 데이터 센터 용량 가동, 광섬유 노드 1,196개(전년동기 대비 12% 증가) 및 계약된 SDWAN 서비스 포인트 9,992개가 있습니다.
경영진은 하이퍼스케일 데이터 센터에 대한 지속적 투자, 네트워크 확장 및 AI 친화 플랫폼에 대한 강조와 함께 재정 규율 및 견고한 유동성 관리를 강조합니다.
Sify (SIFY) a raporté un chiffre d’affaires consolidé pour le 2e trimestre FY2025-26 de INR 10 533 millions, un EBITDA de INR 2 361 millions (+20% YoY) et une perte après impôt de INR 275 millions. La trésorerie à la fin du trimestre était de INR 4 149 millions et la dette nette s’était élargie à INR 30 403 millions. Le CAPEX du trimestre était de INR 3 064 millions. Répartition des activités : Réseau 41%, Centre de données 39%, Numérique 20%. Points opérationnels : mise en service de 3 MW supplémentaires de capacité de data center, 1 196 nœuds fibre (croissance YoY de 12%) et 9 992 points de service SDWAN contractés.
La direction évoque des investissements continus dans les data centers hyperscale, l’expansion du réseau et des plateformes prêtes pour l’IA, tout en insistant sur la discipline budgétaire et une gestion robuste de la liquidité.
Sify (SIFY) berichtete für Q2 FY2025-26 consolidierte Einnahmen von INR 10.533 Millionen, EBITDA von INR 2.361 Millionen (+20% YoY) und einen Jahresüberschuss nach Steuern von INR 275 Millionen. Bargeld am Quartalsende betrug INR 4.149 Millionen, während sich die Nettoverschuldung auf INR 30.403 Millionen ausgeweitet hat. CAPEX im Quartal betrug INR 3.064 Millionen. Geschäftsaufteilung: Netzwerk 41%, Rechenzentrum 39%, Digital 20%. Operative Highlights umfassen die Inbetriebnahme von 3 MW zusätzlicher Rechenzentrumskapazität, 1.196 Glasfaser-Knoten (YoY-Wachstum +12%) und 9.992 vertraglich gebundene SD-WAN-Servicepunkte.
Das Management verweist auf fortlaufende Investitionen in hyperscale Rechenzentren, Netzerweiterung und KI-fertige Plattformen, während es Disziplin im Budget und eine robuste Liquiditätsverwaltung betont.
Sify (SIFY) أعلنت عن إيرادات مُجمَّعة للربع الثاني من FY2025-26 قدرها INR 10,533 مليون، وEBITDA قدره INR 2,361 مليون (+20% سنوياً) وخسارة صافية قبل الضريبة قدرها INR 275 مليون. النقد بنهاية الربع كان INR 4,149 مليون بينما اتسع الدين الصافي إلى INR 30,403 مليون. رأس المال المستثمر (CAPEX) خلال الربع كان INR 3,064 مليون. تشكيلة الأعمال: الشبكة 41%، مركز البيانات 39%، الرقمي 20%. أبرز النقاط التشغيلية تشمل تشغيل سعة إضافية قدرها 3 MW لمركز البيانات، و1,196 عقدة ألياف، نمو سنوي 12%، و9,992 نقطة خدمة SDWAN بعقود. وتذكر الإدارة استمرار الاستثمارات في مراكز البيانات الضخمة، وتوسيع الشبكة والمنصات الجاهزة للذكاء الاصطناعي، مع التأكيد على الانضباط المالي وإدارة سيولة قوية.
Sify（SIFY） 公布了 FY2025-26 第2季度 合并收入为 INR 10,533 百万卢比，EBITDA 为 INR 2,361 百万卢比（同比增长 +20%），税后亏损为 INR 275 百万卢比。季度末现金为 INR 4,149 百万卢比，净债务扩大至 INR 30,403 百万卢比。本季度资本支出（CAPEX）为 INR 3,064 百万卢比。业务结构：网络 41%，数据中心 39%，数字 20%。运营要点包括新增 3 MW 数据中心容量投入运行、1,196 条光缆节点（同比增长 12%）以及 9,992 个已合约的 SDWAN 服务点。管理层表示将继续投资超大规模数据中心、网络扩展和 AI 就绪平台，同时强调财政纪律和稳健的流动性管理。
- EBITDA +20% year-over-year to INR 2,361 million
- Commissioned 3 MW additional data center capacity in the quarter
- Fibre nodes increased to 1,196, a 12% YoY expansion
- 9,992 contracted SDWAN service points deployed nationwide
- Loss after tax of INR 275 million for the quarter
- Net debt rose to INR 30,403 million, up ~12.5% YoY
- Quarter-end cash declined to INR 4,149 million from INR 7,574 million
- Interest expense increased to INR 914 million, pressuring profitability
Insights
Revenue and EBITDA rose, but the quarter still shows a consolidated loss and rising net debt.
Sify reported
The company continues heavy investment: quarter CAPEX was
Watch operating cash flow, interest cost trajectory, and integration of new capacity over the next 12 months to see if higher EBITDA converts to sustained profitability; the earnings call on
Revenues of INR 10,533 Million. EBITDA of INR 2,361 Million.
Loss for the period INR 275 Million.
CHENNAI, India, Oct. 25, 2025 (GLOBE NEWSWIRE) --
DETAILS OF EARNING CALL October 27, 2025| 8:30 AM ET | 06:00 PM IST
Participant Dial in:
To join: +1-888-506-0062 (Toll Free in the U.S. or Canada) or +1-973-528-0011 (International) | Access Code: 910873
On the call: Mr. Raju Vegesna, Chairman of the Board and Mr. M P Vijay Kumar, Executive Director & Group CFO
Live webcast: https://www.webcaster4.com/Webcast/Page/2184/53133
Archives: +1-877-481-4010 (Toll Free in the U.S. or Canada) or +1-919-882-2331 (International). Passcode 53133
Replay is available until Nov 03, 2025.
HIGHLIGHTS
- Revenue was INR 10533 Million, an increase of
3% over the same quarter last year. - EBITDA was INR 2361 Million, an increase of
20% over the same quarter last year. - Loss before tax was INR 194 Million. Loss after tax was INR 275 Million.
- CAPEX during the quarter was INR 3,064 Million.
MANAGEMENT COMMENTARY
Mr. Raju Vegesna, Chairman, said, “India’s digital transformation is entering a decisive phase, redefining its role in the global technology ecosystem. The acceleration in cloud adoption, AI integration, and data center expansion underscores India’s emergence as the next hub for digital infrastructure.
At Sify, our focus remains on aligning with this momentum through sustained investments in hyperscale data centers, robust network expansion, and AI-ready digital platforms. These initiatives are strengthening our position as a trusted enabler of enterprise transformation across both public and private sectors.
We believe the next decade will see India set global benchmarks in digital innovation. Sify will continue to play a pivotal role in powering this journey — building the infrastructure and platforms that will drive the country’s growth in the AI-led economy.”
Mr. M P Vijay Kumar, ED & Group CFO, said, “We remain steadfast in our commitment to fiscal discipline while continuing to invest strategically for long-term growth. The current phase of expansion across our data center, network, and digital platforms reflects deliberate choices to build future-ready capabilities. The Network and Data Centers are scaling as per plan. We continue to invest significantly in our IT services business to prepare ourselves for the opportunity ahead.
Our liquidity position remains robust, underpinned by prudent cash flow management and operational efficiency. As we move ahead, our focus will be on sustaining agility in financial planning, embedding accountability and sustainability into every decision, and driving enduring value creation for all stakeholders.”
The cash balance at the end of the quarter was INR 4,149 Million”.
BUSINESS HIGHLIGHTS
- The Revenue split between the businesses for the quarter was Network services
41% , Data Center services39% and Digital services20% . - During the quarter, Sify commissioned 3 MW of additional Data Center capacity.
- As of Sep 30, 2025 Sify provides services via 1196 fibre nodes across the country, a
12% increase over same quarter last year. - As on Sep 30, Sify has deployed 9992 contracted SDWAN service points across the country.
CUSTOMER ENGAGEMENTS
Among the most prominent new contracts during the quarter were the following:
Network Services
- A global software major, the GCC of an international bank, an NBFS, a microfinancing company and a private health insurance player signed up for interconnects to our cloud platform.
- An International and Indian bank, a real estate player, an industry component manufacturer and a private broking firm have signed up for data center interconnection.
- The national flag carrier, the clearing arm of the Central Bank, a small finance bank and an ITeS player contracted for SDWAN services.
- An Insurance major contracted for international and terrestrial MPLS connectivity.
- An international investment banking major, multiple public and private banks, the clearing arm of the Central Bank, a stock exchange, and a new age investment platform contracted for WAN services.
Data Center Services
- A pioneer in the online share trading industry moved their DR from the competition to Sify data center.
- An ICT startup, a FMCG major and a retail player moved from their on-premise DC to Sify DC.
- One of the largest national banks contracted to expand their engagement with Sify with the deployment of NVIDIA GPU H200. Other expansion contracts included a homegrown applications major and state government-run rural banking platform.
- One of the oldest national banks contracted for disaster recovery services.
Digital services
- An international logistics major contracted to migrate their SAP workload to Sify’s Cloud platform.
- An AI/ML startup enabling financial inclusion, an IOT startup, multiple players from the health and digital imaging industry, NBFC, Smart metering and Medical Applications contracted for greenfield cloud implementation.
- Two health care service providers and a homegrown supplier of intermediates for global Agrochemical, Pharmaceutical and Fine Chemical industries signed up for DRaaS, PaaS and IaaS services.
- A global insurance player, a business intelligence solutions provider and a new generation data security player signed up to commission private clouds at their data centers
- The parent organisation that moderates all digital payments across the country and a prominent private financial services players signed up for managed services.
- Multiple private banks signed up to implement Security Operations Center on their premises.
- A private IOT player tasked with the digital transformation of the power industry has contracted its IoT commission under the Smart City program to Sify.
FINANCIAL HIGHLIGHTS
| Unaudited Consolidated Income Statement as per IFRS | ||||||||
| (In INR millions) | ||||||||
| Description | Quarter ended | Quarter ended | Quarter ended | |||||
| Sep 2025 | Sep 2024 | June 2025 | ||||||
| Revenue | 10,533 | 10,275 | 10,723 | |||||
| Cost of Sales | (6,294 | ) | (6,362 | ) | (6,574 | ) | ||
| Gross Profit | 4,239 | 3,913 | 4,149 | |||||
| Other Operating Income | 81 | 135 | 85 | |||||
| Selling, General and Administrative Expenses | (1,871 | ) | (1,945 | ) | (2,018 | ) | ||
| Depreciation and Amortisation expense | (1,740 | ) | (1,323 | ) | (1,679 | ) | ||
| Operating Profit | 709 | 780 | 537 | |||||
| Investment Income | 16 | 2 | - | |||||
| Impairment loss on Investment | (4 | ) | - | (22 | ) | |||
| Profit before financing and income taxes | 721 | 782 | 515 | |||||
| Finance income | - | - | 1 | |||||
| Interest expenses on borrowings and lease liabilities | (914 | ) | (641 | ) | (837 | ) | ||
| Interest expenses on pension liabilities | (1 | ) | (1 | ) | (1 | ) | ||
| Profit/(Loss) before income taxes | (194 | ) | 140 | (322 | ) | |||
| Income Tax Expense | (81 | ) | (38 | ) | (67 | ) | ||
| Profit/(Loss) for the period | (275 | ) | 102 | (389 | ) | |||
| Profit attributable to: | ||||||||
| Reconciliation with Non-GAAP measure | ||||||||
| Profit/(Loss) for the period | (275 | ) | 102 | (389 | ) | |||
| Add: | ||||||||
| Depreciation and Amortisation expense | 1,740 | 1,323 | 1,679 | |||||
| Net Finance Expenses | 841 | 534 | 765 | |||||
| Current Tax | 103 | 184 | 122 | |||||
| Less: | ||||||||
| Deferred Tax | 22 | 146 | 55 | |||||
| Other Income (including exchange gain/loss) | 26 | 34 | 11 | |||||
| EBITDA | 2,361 | 1,963 | 2,111 | |||||
Segment Reporting:
| Segment Reporting: | |||||||||||||||||
| (In INR millions) | |||||||||||||||||
| Quarter ended September 2025 | Quarter ended September 2024 | ||||||||||||||||
| Particulars | Network Services | Data Center Services | Digital Services | Total | Network Services | Data Center Services | Digital Services | Total | |||||||||
| (A) | (B) | ( C) | (D)= (A)+(B)+(C) | (A) | (B) | ( C) | (D)= (A)+(B)+(C) | ||||||||||
| External customers Revenue | 4,280 | 4,150 | 2,103 | 10,533 | 3,679 | 3,334 | 3,262 | 10,275 | |||||||||
| Intersegment Revenue | 22 | 55 | 77 | - | 22 | 55 | 77 | ||||||||||
| Operating Expense | (3,427 | ) | (2,248 | ) | (2,428 | ) | (8,103 | ) | (3,406 | ) | (1,708 | ) | (3,171 | ) | (8,285 | ) | |
| Intersegment Expense | (63 | ) | (14 | ) | (77 | ) | (63 | ) | - | (14 | ) | (77 | ) | ||||
| Segment Result | 790 | 1,924 | (284 | ) | 2,430 | 210 | 1,648 | 132 | 1,990 | ||||||||
| Unallocated Expense: | |||||||||||||||||
| Support Service Unit Costs | (62 | ) | (22 | ) | |||||||||||||
| Depreciation and Amortisation | (1,740 | ) | (1,323 | ) | |||||||||||||
| Other income / (expense), net | 93 | 137 | |||||||||||||||
| Finance Income | - | - | |||||||||||||||
| Finance Expense | (915 | ) | (642 | ) | |||||||||||||
| Profit / (loss) before tax | (194 | ) | 140 | ||||||||||||||
| Income taxes (expense) / benefit | (81 | ) | (38 | ) | |||||||||||||
| Profit / (loss) for the period | (275 | ) | 102 | ||||||||||||||
Equity and Debt:
| Equity and Debt: | |||
| (In INR millions) | |||
| Particulars | Quarter ended Sep 2025 | Quarter ended Sep 2024 | Quarter ended June 2025 |
| EQUITY | 16,116 | 17,627 | 16,339 |
| BORROWINGS | |||
| Long term | 26,729 | 26,905 | 25,391 |
| Short term | 7,823 | 7,719 | 8,791 |
| Less: Cash Balance | 4,149 | 7,574 | 3,861 |
| Net debt | 30,403 | 27,050 | 30,321 |
About Sify Technologies
A multiple times award winner of the Golden Peacock from Institute of Directors for Corporate Governance, Sify Technologies is India’s most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, mid and small-sized businesses.
Sify’s infrastructure comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp.
More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks and Digital services and conduct their business seamlessly from more than 1700 cities in India. Internationally, Sify has presence across North America, the United Kingdom and Singapore. Sify, www.sify.com, Sify Technologies and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited.
Non-IFRS Measures
This press release contains a financial measure not prepared in accordance with IFRS. In particular, EBITDA is referred to as “non-IFRS” measure. The non-IFRS financial measure we use may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies - refer to the reconciliation provided in the table labelled Financial Highlights for more information. In addition, these non-IFRS measures should not be considered in isolation as a substitute for, or as superior to, financial measures calculated in accordance with IFRS, and our financial results calculated in accordance with IFRS and reconciliation to those financial statements should be carefully evaluated.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.
For a discussion of the risks associated with Sify’s business, please see the discussion under the caption “Risk Factors” in the company’s Annual Report on Form 20-F for the year ended March 31, 2025, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify’s other reports filed with the SEC.
For further information, please contact:
| Sify Technologies Limited Praveen Krishna Investor Relations & Public Relations +91 9840926523 praveen.krishna@sifycorp.com | 20:20 Media Nikhila Kesavan +91 9840124036 nikhila.kesavan@2020msl.com | Luri Group Lucia Domville 646.824.2856 lucia.domville@lurigroup.com |
FAQ
What were Sify (SIFY) Q2 FY2025-26 revenue and EBITDA on Oct 25, 2025?
Why did Sify (SIFY) post a loss in Q2 FY2025-26?
How has Sify's (SIFY) balance sheet changed after Q2 FY2025-26?
What operational expansions did Sify (SIFY) announce for Q2 FY2025-26?
How is Sify (SIFY) allocating capital in Q2 FY2025-26?
