Sify Technologies Reports 31% Revenue Growth Driven by Data Center Expansion
Sify Technologies Limited (SIFY) reported strong second-quarter results for fiscal year 2027, highlighted by a 31% year-over-year revenue increase to INR 13,798 million. The company successfully transitioned from a net loss in the previous year's quarter to a net profit of INR 40 million, supported by robust demand in its data center and network services segments. To meet rising demand for AI-ready infrastructure, Sify is aggressively investing in capacity, with capital expenditure reaching INR 8,573 million. While this expansion has increased net debt to INR 45,331 million, management noted that the current shortage of data center supply in India provides a favorable pricing environment. The company is currently working through a contracted backlog of 113 megawatts to reach a total design capacity of approximately 300 megawatts.
Topics: data center expansion infrastructure investment profitability revenue growth
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