SIFY TECHNOLOGIES (SIFY) Company Report

Analyst Coverage

Research analysts who have asked questions during SIFY TECHNOLOGIES earnings calls.

Gregory Burns

Sidoti & Company

3 questions for SIFY

Also covers: ACCO, ALG, ATNI +13 more

Mihir Thakker

Prithvi Finmart Private Limited

2 questions for SIFY

Gopal Bajaj

HiFi Advisory Services

1 question for SIFY

Greg Burns

Sidoti & Company, LLC

1 question for SIFY

Also covers: BKSY, HNI, MLKN +2 more

Jonathan Atkin

RBC Capital Markets

1 question for SIFY

Also covers: AMT, CCI, DBRG +6 more

Sri Kant

Private Investor

1 question for SIFY

Latest news

Recent press releases and 8-K filings for SIFY.

Sify Technologies Reports Q3 FY2025-26 Results and Progresses with Sify Infinite Spaces IPO

SIFY

Guidance Update

New Projects/Investments

Debt Issuance

Sify Technologies reported Q3 FY2025-26 revenue of INR 11,596 million, an 11% increase over the same quarter last year, and EBITDA of INR 2,470 million, a 29% increase year-over-year, with a loss after tax of INR 3,290 million.
The company sold 9.1 megawatts of data center colocation capacity in Q3 FY2025-26, bringing total sold capacity to 127 megawatts out of 130 megawatts ready for service, with data center EBITDA margins consistently between 44%-45%.
Sify is proceeding with an IPO for its subsidiary, Sify Infinite Spaces, with regulatory approval for the draft prospectus expected in January 2026; the IPO aims to raise INR 3,700 crores (INR 2,500 crores primary capital and INR 1,200 crores offer for sale) to fund data center expansion and debt reduction.
The Digital Services segment is anticipated to reach break-even in the latter part of fiscal year 2026-27, and Sify has partnered with Google for a strategic cable landing station in Vishakhapatnam, with capital investments largely customer-funded.

Jan 13, 2026, 1:30 PM

Transcript

Sify Technologies Reports Q3 FY2025-26 Results and Provides Update on Data Center Expansion and IPO

SIFY

Earnings

New Projects/Investments

Guidance Update

Sify Technologies reported Q3 FY2025-26 revenue of INR 11,596 million, an 11% increase over the same quarter last year, and EBITDA of INR 2,470 million, a 29% increase year-over-year, with a loss after tax of INR 3,290 million.
The company's revenue for the quarter was primarily split between data center colocation services (40%), network services (37%), and digital services (23%).
Sify's data center business sold 9.1 megawatts of colocation capacity in Q3 FY2025-26, bringing total sold capacity to 127 megawatts out of 130 megawatts ready for service.
The IPO for Sify Infinite Spaces, a 100% subsidiary, is awaiting regulatory approval in January 2026, with a planned issue size of INR 3,700 crores to fund data center expansion and debt reduction.
The company anticipates its digital services business to achieve break-even in the latter part of FY2026-27.

Jan 13, 2026, 1:30 PM

Transcript

Sify Technologies Reports Q3 FY2025-2026 Results and Provides Update on Data Center Expansion and IPO Plans

SIFY

Earnings

New Projects/Investments

Guidance Update

Sify Technologies reported Q3 FY2025-2026 revenue of INR 11,596 million, an 11% increase year-over-year, and EBITDA of INR 2,470 million, a 29% increase year-over-year, with a loss after tax of INR 3,290 million.
The company sold 9.1 megawatts of data center colocation capacity in the quarter, bringing the total sold capacity to 127 megawatts out of 130 megawatts ready for service from a total design capacity of 188 megawatts as of December 31, 2025.
Sify Infinit Spaces, a 100% subsidiary, is pursuing an IPO, having filed a draft prospectus in mid-October 2025 and expecting approval in January 2026, with plans to raise INR 2,500 crores in primary capital for data center expansion and debt reduction, from a total issue size of INR 3,700 crores.
The Digital Services segment is anticipated to achieve break-even in the latter part of fiscal year 2026-2027. The company is also expanding its data center capacity with four greenfield projects in Rabale, with an aggregate capacity of approximately 125 MW, and new facilities are designed to host liquid cooling systems for AI workloads.

Jan 13, 2026, 1:30 PM

Transcript

Sify Technologies Announces Q3 FY 2025-26 Financial Results

SIFY

Earnings

New Projects/Investments

Revenue Acceleration/Inflection

Sify Technologies Limited reported consolidated financial results for the quarter ended December 31, 2025, with revenues of INR 11,596 Million and EBITDA of INR 2,470 Million.
The company recorded a loss for the period of INR 329 Million for Q3 FY 2025-26.
Revenue increased by 11% and EBITDA by 29% compared to the same quarter last year.
CAPEX during the quarter was INR 3,452 Million, with a cash balance of INR 3,627 Million as of December 31, 2025.
The revenue split for the quarter was 40% from Data Center services, 37% from Network services, and 23% from Digital services.

Jan 12, 2026, 4:59 PM

6-K

Sify Technologies Reports Half-Year 2025 Financial Results and Subsidiary IPO Filing

SIFY

Earnings

New Projects/Investments

Sify Technologies Limited reported an 8% increase in revenue to ₹21,256 million and a 19% increase in EBITDA to ₹4,472 million for the half-year ended September 30, 2025, primarily driven by 15% growth in Network Services and 21% growth in Data Center Services.
Despite revenue and EBITDA growth, the company recorded a net loss of ₹664 million for the half-year ended September 30, 2025, a significant decline from a net profit of ₹50 million in the prior year, attributed to increased depreciation and finance expenses.
The company continued strategic investments, expanding its Data Center capacity to nearly 200 MW and making 99 MW of renewable energy operational as of September 30, 2025.
Sify Digital Services Limited (SISL), a subsidiary, publicly filed a draft red herring prospectus on October 17, 2025, for a proposed initial public offering (IPO) aiming to raise up to ₹25,000 million in new equity shares.

Nov 4, 2025, 4:10 PM

6-K

Sify Technologies Reports Q2 FY 2025-26 Financial Results

SIFY

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Sify Technologies Limited announced revenues of INR 10,533 Million, a 3% increase year-over-year, and EBITDA of INR 2,361 Million, a 20% increase year-over-year, for the quarter ended September 30, 2025.
The company reported a loss for the period of INR 275 Million for Q2 FY 2025-26.
CAPEX for the quarter was INR 3,064 Million, with a cash balance of INR 4,149 Million at the end of the period.
The revenue split for the quarter was 41% from Network services, 39% from Data Center services, and 20% from Digital services.

Oct 27, 2025, 1:25 PM

6-K

Sify Technologies Reports Q2 2026 Results and Plans Data Center IPO

SIFY

Earnings

New Projects/Investments

Sify Technologies reported Q2 FY2025-2026 revenue of INR 10,533 million, a 3% increase year-over-year, and EBITDA of INR 2,361 million, a 20% increase year-over-year, but recorded a loss after tax of INR 275 million.
The revenue split for the quarter was 41% from network services, 39% from data center services, and 20% from digital services. Network services grew by 16% and data center services by 25%, while digital services degrew by 30-35%.
The company is pursuing an IPO for its data center business, Sify Infinite Spaces, in India to access capital for growth, having filed a draft prospectus. Sify sold 3 megawatts of additional data center capacity in Q2, contributing to its 130 megawatts of built capacity out of 188 megawatts designed.
Sify continues to invest in its network infrastructure, increasing fiber nodes by 12% year-over-year to 1,196 and deploying 9,992 contracted SD-WAN service points. Operating margins for network services are expected to improve further, targeting 20% plus.

Oct 27, 2025, 12:30 PM

Transcript

SIFY Subsidiary Files for Proposed IPO

SIFY

New Projects/Investments

Sify Infinit Spaces Limited (SISL), a wholly owned subsidiary of Sify Technologies Limited, publicly filed a draft red herring prospectus on October 17, 2025, in connection with its proposed initial public offering (IPO).
The proposed IPO is expected to include a fresh issue of Equity Shares aggregating up to ₹25,000 million (₹2,500 crores).
The offering also comprises an offering of Equity Shares aggregating up to ₹12,000 million (₹1,200 crores) by certain existing and eligible shareholders of SISL.
The IPO is subject to the receipt of requisite regulatory approvals and prevailing market conditions.

Oct 17, 2025, 5:41 PM

6-K

Sify Infinit Spaces Limited Proposes Initial Public Offering and Secures Investor Consent

SIFY

New Projects/Investments

Convertible Preferred Issuance

Sify Infinit Spaces Limited (SISL), a subsidiary of SIFY, is proposing an Initial Public Offering (IPO) of its equity shares on the BSE Limited and National Stock Exchange of India Limited.
The IPO will comprise a fresh issue of Equity Shares by SISL and an offer for sale by certain existing shareholders.
The board of directors of SISL approved the IPO on September 25, 2025.
Existing investors, Kotak Special Situations Fund (KSSF) and Kotak Data Centre Fund (KDCF), have consented to SISL raising capital through the IPO, aggregating up to INR 25,000,000,000 (including a possible pre-offering placement of up to INR 5,000,000,000) and an offer for sale by existing holders aggregating up to INR 12,000,000,000.
If the IPO proceeds as a "Qualified IPO," all Convertible Compulsorily Debentures (CCDs) issued under the KSSF DSA and KDCF DSA would be converted into Equity Shares, leading to the termination of these agreements.