Sify Reports Consolidated FY For Q2 FY 2025-26; Revenues Of INR 10,533 M. EBITDA Of INR 2,361 M; Loss For Period INR 275 M

 

HIGHLIGHTS

• Revenue was INR 10533 Million, an increase of 3% over the same quarter last year.

• EBITDA was INR 2361 Million, an increase of 20% over the same quarter last year.

• Loss before tax was INR 194 Million. Loss after tax was INR 275 Million.

• CAPEX during the quarter was INR 3064 Million.

 

MANAGEMENT COMMENTARY

Mr. Raju Vegesna, Chairman, said, “India’s digital transformation is entering a decisive phase, redefining its role in the global technology ecosystem. The acceleration in cloud adoption, AI integration, and data center expansion underscores India’s emergence as the next hub for digital infrastructure.

At Sify, our focus remains on aligning with this momentum through sustained investments in hyperscale data centers, robust network expansion, and AI-ready digital platforms. These initiatives are strengthening our position as a trusted enabler of enterprise transformation across both public and private sectors.

 

We believe the next decade will see India set global benchmarks in digital innovation. Sify will continue to play a pivotal role in powering this journey — building the infrastructure and platforms that will drive the country’s growth in the AI-led economy.”

 

Mr. M P Vijay Kumar, ED & Group CFO, said, “We remain steadfast in our commitment to fiscal discipline while continuing to invest strategically for long-term growth. The current phase of expansion across our data center, network, and digital platforms reflects deliberate choices to build future-ready capabilities. The Network and Data Center businesses are scaling as per plan. The loss in our IT services business represents our continued investment to prepare ourselves for the opportunities ahead.

Our liquidity position remains robust, underpinned by prudent cash flow management and operational efficiency. As we move ahead, our focus will be on sustaining agility in financial planning, embedding accountability and sustainability into every decision, and driving enduring value creation for all stakeholders.

The cash balance at the end of the quarter was INR 4,149 Million”.

 

BUSINESS HIGHLIGHTS 

• The Revenue split between the businesses for the quarter was Network services 41%, Data Center services 39% and Digital services 20%.

• During the quarter, Sify sold 3 MW of additional Data Center capacity.

• As of Sep 30, 2025 Sify provides services via 1196 fiber nodes across the country, a 12% increase over same quarter last year.

• As on Sep 30, 2025 Sify has deployed 9992 contracted SDWAN service points across the country.

 

CUSTOMER ENGAGEMENTS

Among the most prominent new contracts during the quarter were the following:

Network Services

• A global software major, the GCC of an international bank, an NBFS, a microfinancing company and a private health insurance player signed up for interconnects to our cloud platform.

• An International bank, a real estate player, an industry component manufacturer, an Indian bank and a private broking firm have signed up for data center interconnection.

• The national flag carrier, the clearing arm of the Central Bank, a small finance bank and a leading ITeS player contracted for SDWAN services.

• An Insurance major contracted for international and terrestrial MPLS connectivity.

• An international investment banking major, multiple public and private banks, the clearing arm of the Central Bank, a stock exchange, and a new age investment platform contracted for WAN services.

Data Center Services

• A pioneer in the online share trading industry moved their DR from the competition to Sify data center.

• An ICT startup, a FMCG major and a retail player moved from their on-premise DC to Sify DC.

• One of the largest national banks contracted to expand their engagement with Sify with the deployment of NVIDIA GPU H200. Other expansion contracts included a homegrown applications major and state government-run rural banking platform.

• One of the oldest national banks contracted for disaster recovery services.

Digital services

• An international logistics major contracted to migrate their SAP workload to Sify’s Cloud platform.

• An AI/ML startup enabling financial inclusion, an IOT startup, multiple players from the health and digital imaging industry, NBFC, Smart metering and Medical Applications contracted for greenfield cloud implementation.

• Two health care service providers and a homegrown supplier of intermediates for global Agrochemical, Pharmaceutical and Fine Chemical industries signed up for DRaaS, PaaS and IaaS services.

• A global insurance player, a business intelligence solutions provider and a new generation data security player signed up to commission private clouds at their data centers

• The parent organisation that moderates all digital payments across the country and a prominent private financial services players signed up for managed services.

• Multiple private banks signed up to implement Security Operations Center on their premises.

• A private IOT player tasked with the digital transformation of the power industry has contracted its IoT commission under the Smart City program to Sify.