Sify Technologies (SIFY) Q2 2026 earnings summary

Executive summary

• Revenue for Q2 FY25-26 reached INR 10,533 million, up 3% year-over-year, with EBITDA at INR 2,361 million, a 20% increase over the same period last year.

• The period ended with a net loss of INR 275 million, compared to a profit of INR 102 million in the same quarter last year.

• Strategic investments continued in hyperscale data centers, network expansion, and AI-ready digital platforms to align with India's digital transformation.

• Focus on fiscal discipline and long-term growth through expansion in data center, network, and digital platforms.

Financial highlights

• Gross profit for the quarter was INR 4,239 million, up from INR 3,913 million year-over-year.

• Operating profit stood at INR 709 million, down from INR 780 million in the same quarter last year.

• Capital expenditure for the quarter was INR 3,064 million; cash balance at quarter-end was INR 4,149 million.

• Loss before tax was INR 194 million; loss after tax was INR 275 million.

Outlook and guidance

• Continued focus on AI-led transformation and supporting enterprise innovation and scale.

• Expectation for network services margins to improve towards 20%+ as utilization and demand increase.

• Ongoing investments in digital services expected to take a few more quarters before results materialize.

• Management emphasized fiscal discipline and strategic investments for long-term growth, focusing on scaling data center and network services.