Sify Technologies Chairman Raju Vegesna said, “India’s emergence as a global growth hub is no longer a forecast—it is a present-day reality. India is set to become the third-largest economy by 2030–31, with projected annual growth of 6.7%, according to S&P Global.” File
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Comprehensive ICT service and solution provider Sify Technologies has reported a net loss of ₹57.8 crore for the March 2025 quarter, the company said on Saturday (April 19, 2025).
The city-based company had registered a net profit of ₹8.9 crore during the corresponding quarter of the previous financial year.
For the full financial year ending March 31, 2025, the net loss of the company stood at ₹78.5 crore, as against a net profit of ₹16.8 crore in the previous year.
Total revenue for the January–March 2025 quarter stood at ₹969.9 crore, compared to ₹963.7 crore recorded in the same period last year.
Revenue grew to ₹3,988.6 crore for the financial year ending March 31, 2025, compared to ₹3,563.4 crore recorded in the previous year.
The revenue split across businesses for the financial year 2024–25 was: network services at 41%, data centres at 38%, and digital services at 21%.
As of March 31, 2025, Sify Technologies provides services via 1,137 fibre nodes across the country, marking a 10% increase over last year.
Executive Director and Group CFO M. P. Vijay Kumar commented on the financial performance: “We remain committed to cost efficiency and fiscal discipline, aligning our financial strategies with long-term value creation across all our businesses. While we plan essential investments for future readiness, our current results face multiple headwinds such as depreciation, interest expenses, and rising manpower costs.”
“Our approach remains focused on building resilience, enhancing operational agility, and capturing emerging opportunities. The income tax expense includes both current and deferred tax of ₹53.9 crore on the profit of our data centre subsidiary,” he added.
The capital expenditure for the last financial year was ₹1,274.5 crore.
Sify Technologies Chairman Raju Vegesna said, “India’s emergence as a global growth hub is no longer a forecast—it is a present-day reality. India is set to become the third-largest economy by 2030–31, with projected annual growth of 6.7%, according to S&P Global.”
“This growth is underpinned by liberal economic reforms, a vibrant startup ecosystem, and a demographic dividend. With over 1.2 billion mobile phone users and the second-largest internet user base globally, India is now an important testbed for emerging technologies such as AI, 5G, and cloud computing,” he said.
Government initiatives like ‘Digital India’ and ‘Startup India’ have further accelerated tech innovation, with India now home to over 100 unicorn startups, he added.
Published – April 19, 2025 06:34 pm IST