Revenues of INR 12,352 Million. Adjusted EBITDA of INR 3,005 Million.
Profit for the period INR 65 Million.
CHENNAI, India, July 15, 2026 (GLOBE NEWSWIRE) --
DETAILS OF EARNING CALL July 15, 2026 | 8:30 AM ET | 06:00 PM IST
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On the call: Mr. Raju Vegesna, Chairman of the Board and Mr. M P Vijay Kumar, Executive Director & Group CFO
Live webcast: https://www.webcaster5.com/Webcast/Page/2184/54259
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Replay is available until July 29, 2026
HIGHLIGHTS
-- Revenue was INR 12,352 Million, an increase of 15% over the same quarter
last year.
-- Adjusted EBITDA was INR 3,005 Million, an increase of 42% over the same
quarter last year.
-- Profit for the quarter was INR 65 Million.
-- CAPEX during the quarter was INR 6,708 Million.
MANAGEMENT COMMENTARY
Mr. Raju Vegesna, Chairman, said, "India's digital transformation is entering a phase of execution at scale. What was once a digital transformation agenda has now become a business imperative, with organizations investing in technology to improve productivity, resilience, and customer experience.
The country continues to benefit from a unique combination of progressive policy initiatives, expanding digital infrastructure, and a deep pool of technology talent. As AI adoption gathers pace, the need for secure, scalable, and interconnected digital infrastructure will become even more critical. This presents a significant opportunity for India to strengthen its position as a global technology and innovation hub.
At Sify, we continue to align our investments with these long-term trends. Our integrated portfolio of Data Centers, Networks, and Digital Services enables us to support customers as they modernize their technology environments and prepare for an AI-enabled future.
India is no longer preparing for the digital future--it is actively shaping it. Sify remains committed to building the infrastructure and capabilities that will help power this next chapter of growth."
Mr. M P Vijay Kumar, ED & Group CFO, said, "During the quarter, we continued to strengthen the operational foundations of our businesses through disciplined execution, improved resource utilization, and targeted investments across each of our portfolios.
We continue to invest in capacity expansion, network modernization, and technology platforms that position us to address emerging demand from AI, cloud, and data-intensive workloads. At the same time, we remain vigilant in managing costs, optimizing cash flows, and enhancing operational efficiencies across the organization.
While investments in infrastructure and talent continue to influence depreciation, interest, and manpower costs, these are aligned with our long-term growth objectives and are supported by a prudent approach to risk management and financial planning. Our priority remains unchanged: maintaining a strong balance sheet, preserving financial flexibility, and creating enduring value for shareholders through disciplined growth and responsible stewardship of capital.
The cash balance at the end of the quarter was INR 4,597 Million."
BUSINESS HIGHLIGHTS
-- The Revenue split between the businesses for the quarter was Network
services 39%, Data Center services 42% and Digital services 19%.
-- The Data Center subsidiary sold 5 MW of capacity in the quarter.
-- As on June 30,2026, Sify provides services via 1238 fiber nodes across
the country, a 7% increase over same quarter last year.
CUSTOMER ENGAGEMENTS
Among the most prominent new contracts were the following:
Network Services
-- One of the largest international banks contracted for large capacity
Cloud inter-connect in major data centers and branch network integration
with hyper scale cloud providers.
-- Another international bank contracted for managed services and network
integration across their branches and SDWAN.
-- One of the largest capital market service providers contracted to
implement a high uptime, large capacity network connecting data centers
in different cities to facilitate training and inferencing for their AI
workloads.
-- One of India's largest e-commerce service providers contracted Sify for a
Wide Area Network to connect their dark stores across more than 800+
locations in 100+ Cities.
-- Sify launched its Onnet Platform enabling real-time, on-demand
provisioning of network services.
Data Center Services
-- A pan-India health services provider contracted to transition from a
competitor's data center to Sify's data center.
-- A domestic banking player contracted to move from their on-prem location
to Sify data center.
-- A new-age wallet services provider contracted to repatriate their cloud
services to Sify's multiple data center locations.
-- One of India's oldest banks contracted Sify to set up their
near-disaster-recovery location in Sify's data center.
-- Sify delivered data center capacity in one of the newest facilities to a
global major in mobility instruments.
Digital services
-- An insurance major contracted to migrate from their on-premise data
center to one of our cloud platforms.
-- The government's data repository division and a regional bank contracted
for managed services.
-- A private cyber-security player contracted Sify to build a green-field
cloud service.
-- One of India's oldest industrial houses contracted Sify for
disaster-recovery-as-a-service.
-- Multiple players including a regional bank, an insurance major and a
division of the aviation ministry contracted for on-prem private cloud
commissioning.
-- Contracts for managed services came from one of India's largest steel
majors, an agro-tech major, a microfinance startup and a speciality
chemicals player.
-- Contracts for security operations center and security services came from
a regional bank and an insurance major.
FINANCIAL HIGHLIGHTS
Unaudited Consolidated Income Statement as per IFRS
(In INR millions)
------------------------------------------------------------------------
Quarter Quarter Quarter Year
Description ended ended ended ended
----------------------
March March
June 2026 June 2025 2026 2026
----------------------
(Audited)
---------------------- --------- --------- --------- ---------
Revenue 12,352 10,723 12,025 44,877
Cost of Sales (7,462) (6,574) (7,023) (26,843)
Gross Profit 4,890 4,149 5,002 18,034
Other Operating
Income 45 85 118 376
Selling, General and
Administrative
Expenses (1,899) (2,018) (2,062) (8,123)
Depreciation and
Amortisation
expense (1,920) (1,679) (1,968) (7,274)
Operating Profit 1,116 537 1,090 3,013
Investment Income 70 - 11 34
Impairment loss on
Investment - (22) - (26)
Profit before
financing and
income taxes 1,186 515 1,101 3,021
Finance income - 1 - 1
Interest expenses on
borrowings and
lease liabilities (1,022) (837) (1,259) (3,950)
Interest expenses on
pension
liabilities - (1) (10) (13)
Profit/(Loss) before
income taxes 164 (322) (168) (941)
--------- --------- --------- ---------
Income Tax Expense (99) (67) (204) (425)
Profit/(Loss) for
the period 65 (389) (372) (1,366)
---------------------- --------- --------- --------- ---------
Profit attributable
to:
----------------------
Reconciliation with
Non-GAAP measure
----------------------
Profit/(Loss) for
the period 65 (389) (372) (1,366)
Add:
Depreciation and
Amortisation
expense 1,920 1,679 1,968 7,274
Net Finance Expenses 1,022 765 1,259 3,949
Current Tax 122 122 141 487
Deferred Tax - - 63 -
Less:
Deferred Tax (23) (55) - (62)
Other Income
(including exchange
gain/loss) (101) (11) (129) (411)
Adjusted EBITDA 3,005 2,111 2,930 9,871
---------------------- --------- --------- --------- ---------
Segment Reporting:
(In INR millions)
Quarter ended June 2026 Quarter ended June 2025
------------------------------------------------- -------------------------------------------------
Data Data
Network Center Digital Network Center Digital
Particulars Services Services Services Total Services Services Services Total
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