Sify Technologies Reports Q1 Revenue of INR 10.7B, Expects India to be Growth Engine for Digital Infrastructure

Sify Technologies reported Q1 revenue of INR 10.7B, up from INR 9.4B last year. Chairman Raju Vegesna predicts India will be a growth engine for the digital economy, driven by government policies, industry ambition, and a vibrant innovation ecosystem. He believes India will not just consume AI, but create AI tools, frameworks, and domain-specific solutions, leading to robust demand for integrated infrastructure.

Sify Technologies, a leading ICT service provider, has reported its consolidated financial results for the first quarter of FY 2025-26. The company's revenue for the quarter was INR 10,723 million, an increase of 14% compared to the same period last year. This growth was driven by a 10% increase in the number of fiber nodes across the country and a 10% increase in SDWAN service points [1].

The company's EBITDA for the quarter was INR 2,111 million, an 18% increase over the same period last year. However, the company reported a loss for the period of INR 389 million, primarily due to depreciation, interest costs, and rising manpower expenses [1].

Chairman Raju Vegesna expressed optimism about India's potential as a growth engine for the digital economy. He highlighted the role of government policies, industry ambition, and a vibrant innovation ecosystem in driving this growth. Vegesna believes that India will not just consume AI but also create AI tools, frameworks, and domain-specific solutions, leading to robust demand for integrated infrastructure [1].

The company's revenue was split between Network services (41%), Data Center services (37%), and Digital services (22%). During the quarter, Sify commissioned 8.6 MW of additional Data Center capacity. Notable customer engagements included contracts with global IT leaders, multinational corporations, and financial institutions for various services such as MPLS build, cloud connectivity, and managed SD WAN services [1].

Sify's financial strategies are focused on cost efficiency, fiscal discipline, and long-term value creation. The company aims to build future-ready capabilities across its businesses while embedding sustainability as a foundational business tenet. The cash balance at the end of the quarter was INR 3,861 million [1].

References:
[1] https://www.globenewswire.com/news-release/2025/07/18/3117867/0/en/Sify-reports-Consolidated-Financial-Results-for-Q1-FY-2025-26.html