India's Sify Technologies Q3 revenue rises, helped by growth in digital infrastructure demand
Overview
India ICT service provider's Q3 revenue rose 11% yr/yr to INR 11,596 mln
EBITDA increased 29% yr/yr to INR 2,470 mln
Company reported a net loss after tax of INR 329 mln for Q3
Outlook
Sify aligns strategy with rising demand for digital infrastructure
Company focuses on AI, cloud, and data-driven platforms
Sify invests in hyperscale data centers and AI-ready platforms
Result Drivers
DIGITAL INFRASTRUCTURE DEMAND - Sify attributed increased demand for digital infrastructure to India's economic growth and digital adoption, aligning with AI and cloud service needs
STRATEGIC INVESTMENTS - Co's strategy involves sustained investments in hyperscale data centers and AI-ready platforms to support enterprise transformation
FISCAL DISCIPLINE - Sify emphasized fiscal discipline and strategic capital allocation to strengthen long-term capabilities
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| INR 11.60 bln |
|
Q3 Net Income |
| -INR 329 mln |
|
Analyst Coverage
Wall Street's median 12-month price target for Sify Technologies Ltd is $22.00, about 46.8% above its January 9 closing price of $14.99
Press Release: ID:nGNX5rj5qW
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