Revenues of INR 13798 Million. Adjusted EBITDA of
INR 3131 Million. Profit for the period INR 40 Million.
CHENNAI, India, Oct. 28, 2026 (GLOBE NEWSWIRE) --
DETAILS OF EARNING CALL October 28, 2026 | 8:30 AM ET | 06:00 PM IST
Participant Dial in:
To join: +1- 877-545-0320 (Toll Free in the U.S. or Canada) or +1-973-528-0002 (International) | Access Code: 656813
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/2184/54697
Replay: +1-877-481-4010 (Toll Free in the U.S. or Canada) or +1-919-882-2331 (International). Replay Passcode 54697
Replay is available until November 11, 2026
HIGHLIGHTS
-- Revenue was INR 13798 Million, an increase of 31% over the same quarter
last year.
-- Adjusted EBITDA was INR 3131 Million, an increase of 33% over the same
quarter last year.
-- Profit for the quarter was INR 40 Million.
-- CAPEX during the quarter was INR 8573 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, "We continue to strengthen our businesses through sustained investments in infrastructure, technology platforms and people, aligned with the evolving needs of our customers and the long-term opportunities in India's digital economy.
Our investment priorities remain focused on expanding our Data Center capacity, modernizing our network infrastructure, enhancing our cloud interconnect capabilities and strengthening the tools and platforms that support operational efficiency and customer delivery. Equally, we continue to invest in developing our people, building the skills and capabilities required to support emerging technologies and deliver consistent outcomes across our businesses.
These investments are being pursued alongside a continued emphasis on cost competitiveness, resource optimization and cash flow management. While capacity expansion and capability building have implications for depreciation, interest and manpower costs, we remain focused on ensuring that capital allocation is supported by sound financial planning, prudent risk management and long-term business objectives.
Our priority is to maintain a strong balance sheet and adequate financial flexibility while investing for sustainable growth and creating enduring value for our shareholders.
The cash balance at the end of the quarter was INR 5868 Million."
BUSINESS HIGHLIGHTS
-- The Revenue split between the businesses for the quarter was Network
services 43%, Data Center services 37% and Digital services 20%.
-- As on Sep 30, 2026, data center operational capacity stood at 136 MW. The
subsidiary has a contracted capacity of 113 MW scheduled for delivery.
-- As on September 30, 2026, Sify provides services via 1264 fiber nodes
across the country, a 6% increase over same quarter last year.
CUSTOMER ENGAGEMENTS
Among the most prominent new contracts were the following:
Network Services
-- A leading national financial-market infrastructure institution contracted
to connect its central facility with its data centres in multiple cities.
-- A global professional-services and technology major contracted to connect
its office locations across India through Sify's differentiated Hub
Internet model.
-- One of India's largest insurance companies contracted for
branch-to-data-centre connectivity and Data Centre Interconnect (DCI)
links.
-- The business delivered hyperscale internet capacity to a large data
centre in Chennai, built to carry GPU-based AI training and inference
workloads.
-- The business was contracted by one of the largest e-commerce players to
connect its fulfilment facilities, supporting its instant-delivery
operations.
-- Sify signed a combined network and managed-services contract from one of
India's largest non-banking financial companies.
-- During the quarter, Sify Technologies received provisional clearance from
the Department of Telecom for two of its upcoming cable landing stations.
-- Sify also completed the rollout of its Hyderabad - Chennai National
long-distance corridor during the quarter.
Data Center Services
-- A global multinational technology company into consumer electronics
contracted for their first compute capacity in India.
-- An American multinational technology conglomerate and India's largest
carrier-neutral, data center-neutral Internet Exchange Point expanded
their contracted capacities at multiple locations.
-- The business signed a major capacity deal with a global leader in AI
Cloud compute.
-- A global leader in personal computing, cloud and artificial intelligence
contracted for their node in one of the newer facilities.
-- A leader in business communication contracted for Edge compute capacity.
-- A global leader in semi-conductor technology contracted for their first
capacity in India.
-- The business signed a multi-year renewal contract with a global leader in
enterprise software and cloud infrastructure.
-- A global trading and distribution major contracted to move their capacity
from a competitor facility.
-- A regional bank and a technology player contracted to move from their
on-prem facility to one of Sify's facilities.
-- Two prominent banks signed up to expand their current capacity.
-- A regional bank contracted to set up their disaster recovery set up in
Sify's facility.
Digital services
-- One of India's oldest FMCG player contracted for managed cloud services.
-- One of India's largest insurance companies signed up for network managed
services and security infrastructure refresh.
-- A global quick commerce major contracted for LAN and WiFi infrastructure
across its entire delivery footprint.
FINANCIAL HIGHLIGHTS
Unaudited Consolidated Income Statement as per IFRS
(In INR millions)
Quarter Quarter Quarter Year Half year Half year
Description ended ended ended ended ended ended
----------------------
September September June March September September
2026 2025 2026 2026 2026 2025
----------------------
(Audited)
---------------------- -----------
Revenue 13,798 10,533 12,352 44,877 26,150 21,256
Cost of Sales (8,795) (6,294) (7,462) (26,843) (16,257) (12,868)
Gross Profit 5,003 4,239 4,890 18,034 9,893 8,388
Other Operating
Income 51 81 45 376 96 166
Selling, General and
Administrative
Expenses (1,858) (1,871) (1,899) (8,123) (3,757) (3,889)
Depreciation and
Amortisation
expense (2,012) (1,740) (1,920) (7,274) (3,932) (3,419)
Operating Profit 1,184 709 1,116 3,013 2,300 1,246
Investment Income 72 16 70 34 142 16
Impairment loss on
Investment - (4) - (26) - (26)
Profit before
financing and
income taxes 1,256 721 1,186 3,021 2,442 1,236
Finance income 4 - - 1 4 1
Interest expenses on
borrowings and
lease liabilities (1,142) (914) (1,022) (3,950) (2,164) (1,751)
Interest expenses on
pension
liabilities (1) (1) - (13) (1) (2)
Profit/(Loss) before
income taxes 117 (194) 164 (941) 281 (516)
Income Tax Expense (77) (81) (99) (425) (176) (148)
Profit/(Loss) for
the period 40 (275) 65 (1,366) 105 (664)
---------------------- -------- -------- --------
Profit attributable
to:
----------------------
Reconciliation with
Non-GAAP measure
----------------------
Profit/(Loss) for
the period 40 (275) 65 (1,366) 105 (664)
Add:
Depreciation and
Amortisation
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