The following is a summary of the Sify Technologies Limited (SIFY) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Sify Technologies marked a 7% increase in revenue for FY 2023-24, reporting a total of INR 35,634 million.

• The company also noted a 7% rise in EBITDA, reaching INR 6,756 million.

• There was a stark decrease in profit before tax by 77%, and profit after tax plunged 93% compared to the previous financial year.

• The year's capital expenditure stood at INR 12,377 million.

Business Progress:

• Revenue from data center colocation services grew by 9%, despite a 1% decrease in digital services revenue.

• The company recorded a 10% increase in network centric services revenue for FY 2023-24.

• Sify expanded its services across the country, adding 1,033 fiber nodes, marking a 16% increase from the previous year.

• The company poured $7.22 million into Silicon Valley startups as part of its corporate venture capital initiative.

• Sify plans to go live with two new data centers in FY 2025, further expanding its current capacity of 120 megawatt of IT power.

More details: Sify Technologies IR

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