Sify Technologies (SIFY) Q2 2026 earnings summary

Executive summary

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

• Focus remains on fiscal discipline, robust liquidity, and operational efficiency while investing for long-term growth.

• The company is preparing for an IPO of its data center subsidiary, Sify Infinite Spaces, to access capital for anticipated growth.

• 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.

Financial highlights

• Q2 FY25-26 revenue was INR 10,533 million, up 3% year-over-year.

• EBITDA reached INR 2,361 million, a 20% increase year-over-year.

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

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

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

Outlook and guidance

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

• Substantial greenfield data center construction is ongoing, with further expansion planned.

• Network services margins are expected to improve toward 20%+ as utilization rises.

• Digital services segment will continue to see investment, with profitability expected after several quarters.

• The company aims to sustain agility in financial planning and embed sustainability in decision-making.