Sify Technologies has released its financial results for the quarter ended December 31, 2021. The company reported a revenue of Rs 6.78 billion during the quarter. EBITDA for the company stood at Rs 1.57 billion for the third quarter (Q3) of financial year 2021-22. The EBITDA margin witnessed an increase of 22 per cent over the same quarter last year.

Further, profit before tax (PBT) for the company stood at Rs 477 million, higher by 19 per cent over the same quarter last year. Also, as per release, the profit after tax (PAT) for the company rose by massive 36 per cent, at Rs 344 million. Meanwhile, CAPEX during the quarter was Rs 2.89 billion.

Business Summary for the quarter includes:-

  • Revenue from data centre colocation services grew by 44 per cent over same quarter last year.
  • Revenue from digital services fell by 18 per cent over same quarter last year
  • Revenue from network centric services grew by 8 per cent over same quarter last year.

The revenue split between the businesses during the quarter was data centre colocation services 30 per cent, Digital Services 24 per cent and Network centric services 46 per cent.

Commenting on the financial report, Raju Vegesna, chairman, Sify Technologies, said, “Given the proactive governance through the pandemic, India is better placed through the third phase that we are currently experiencing. Digital IT infrastructure across the country has been scaled up aggressively since Networks and Data Centres were declared ‘essential’ services. Indian businesses are now convinced of the importance of business process continuity and converged services for seamless business output. This has led to both a surge of services from cloud based local startups and growing hyperscale investment in Indian IT infrastructure. We see this as a right time for Sify to scale up.”

Meanwhile, Kamal Nath, CEO, Sify Technologies, said, “Enterprises looking for cloud-based digital transformation services see our digital-first bouquet of services as a natural fitment for their evolving business demands. We are seeing an upswing in demand for our cloud@core services as the right delivery model for these demands. Our successful delivery for hyperscalers is a strong endorsement of our agility and capability on the Data Centre front and increases the attractiveness of our Data Centres to our enterprise clients. With the market learning to work around the pandemic, these demands should continue”.

Also, M P Vijay Kumar, CFO, Sify Technologies, said, “The customer demand for digital infrastructure services is encouraging. We will continue to expand on our Data centre and network capacity. Our fiscal discipline will continue right through our investment journey without impacting customer experience. Cash balance at the end of the quarter was Rs 2381 million.”