Has Sify Technologies' Q1 Loss Increased to Rs 38.9 Crore?
Click to start listening
Synopsis
Sify Technologies Limited, a major player in Indian ICT services, has reported a sharp increase in net loss for Q1, reaching Rs 38.9 crore. Despite this, the company’s revenue continues to grow, showcasing resilience amidst rising operational costs. Explore how Sify is navigating these challenges while maintaining a strong market presence.
Key Takeaways
- Sify Technologies' net loss increased to Rs 38.9 crore in Q1.
- Revenue growth reached Rs 1,072.3 crore.
- EBITDA improved to Rs 211.1 crore.
- Challenges include rising operational costs.
- International presence spans North America, the UK, and Singapore.
Mumbai, July 18 (NationPress) Sify Technologies Limited, a prominent Indian provider of ICT services, announced on Friday a notable escalation in its net loss for the first quarter of this financial year.
The firm's loss after tax reached Rs 38.9 crore, compared to Rs 5.2 crore in the same quarter of the previous year, as per their stock exchange filing.
This increased loss has been linked to heightened depreciation, climbing interest expenses, and surging manpower costs.
Despite the growing loss, Sify's revenue experienced an uptick in the quarter, amounting to Rs 1,072.3 crore compared to Rs 942.1 crore during the corresponding period last year, according to the company’s filing.
Sify’s EBITDA also recorded a positive trend, reaching Rs 211.1 crore for the quarter, an increase from Rs 178.4 crore a year earlier.
However, these operational gains were insufficient to counterbalance the overall negative impact of rising expenses on the company’s bottom line.
In pre-market trading on the Nasdaq, Sify’s stock fell by 4.15 percent to $5.55 following the release of its quarterly results.
Established in 1995, Sify Technologies is among India’s largest ICT services providers.
The company provides a variety of solutions, including network services, cloud infrastructure, data center operations, digital learning, and managed services.
Sify serves over 10,000 clients both in India and internationally, including large corporations, medium-sized businesses, and startups.
The firm operates India’s largest MPLS network and a vast network of premier data centers.
With international operations across North America, the UK, and Singapore, Sify continues to assist businesses in their digital transformation and cloud adoption journeys.
Previously known as Sify Limited, the company made history as the first Indian private Internet Service Provider (ISP).
Today, it remains a Fortune India 500 company focused on expanding its global reach and digital service offerings, while addressing challenges such as rising operational costs.
Point of View
It's essential to recognize Sify Technologies as a pivotal player in India's ICT sector. While the rising losses are concerning, the company's revenue growth and operational improvements indicate a strategic approach to overcoming challenges. This balance of setbacks and advancements reflects the dynamic nature of the tech industry, where resilience and adaptability are key.
NationPress
21/07/2025
Frequently Asked Questions
What caused Sify Technologies' increased loss?
The increased loss was attributed to higher depreciation, rising interest costs, and increased manpower expenses.
How much revenue did Sify generate in Q1?
Sify Technologies reported a revenue of Rs 1,072.3 crore in the first quarter.
What is Sify's EBITDA for the quarter?
Sify's EBITDA for the quarter stood at Rs 211.1 crore, an improvement from the previous year.
Where does Sify operate internationally?
Sify has international operations in North America, the UK, and Singapore.
When was Sify Technologies founded?
Sify Technologies was founded in 1995 and is one of India's leading ICT service providers.
