India's Sify Technologies Q3 revenue rises, helped by growth in digital infrastructure demand

Reuters01-12
India's Sify Technologies Q3 revenue rises, helped by growth in digital infrastructure demand

Overview

  • India ICT service provider's Q3 revenue rose 11% yr/yr to INR 11,596 mln

  • EBITDA increased 29% yr/yr to INR 2,470 mln

  • Company reported a net loss after tax of INR 329 mln for Q3

Outlook

  • Sify aligns strategy with rising demand for digital infrastructure

  • Company focuses on AI, cloud, and data-driven platforms

  • Sify invests in hyperscale data centers and AI-ready platforms

Result Drivers

  • DIGITAL INFRASTRUCTURE DEMAND - Sify attributed increased demand for digital infrastructure to India's economic growth and digital adoption, aligning with AI and cloud service needs

  • STRATEGIC INVESTMENTS - Co's strategy involves sustained investments in hyperscale data centers and AI-ready platforms to support enterprise transformation

  • FISCAL DISCIPLINE - Sify emphasized fiscal discipline and strategic capital allocation to strengthen long-term capabilities

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

INR 11.60 bln

Q3 Net Income

-INR 329 mln

Analyst Coverage

  • Wall Street's median 12-month price target for Sify Technologies Ltd is $22.00, about 46.8% above its January 9 closing price of $14.99

Press Release: ID:nGNX5rj5qW

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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