Sify Swings to INR 40M Q2 Profit as Revenue Jumps 31% to INR 13,798M
SIFY sits 24% above its 52-week low of $10.09.
Summary
Sify posted a INR 40 million profit for the September quarter versus a INR 275 million loss a year ago, with revenue up 31% to INR 13,798 million. Heavy capex of INR 8,573 million lifted net debt to INR 45,331 million, so the earnings recovery is still being financed with borrowed money.
Key Events · Earnings and Guidance · SIFY
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Q2 Revenue Up 31% to INR 13,798M
Revenue rose to INR 13,798 million from INR 10,533 million a year earlier, with Network services at INR 5,879 million, Data Center services at INR 5,172 million and Digital services at INR 2,747 million.
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Return to Profit: INR 40M vs Loss
Profit for the quarter was INR 40 million against a INR 275 million loss in the September 2025 quarter; adjusted EBITDA rose 33% to INR 3,131 million.
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Capex Drives Net Debt to INR 45,331M
Quarterly capex of INR 8,573 million lifted borrowings to INR 54,681 million (INR 36,109 million long-term plus INR 18,572 million short-term) against a INR 5,868 million cash balance, taking net debt to INR 45,331 million from INR 28,736 million a year ago.
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Data Center Capacity at 136 MW
Operational data center capacity stood at 136 MW as of September 30, 2026, with 113 MW contracted for delivery; the quarter also brought provisional Department of Telecom clearance for two cable landing stations.
Analysis · SIFY · Technology
Sify returned to profit in the September quarter — INR 40 million versus a INR 275 million loss a year earlier — on revenue up 31% to INR 13,798 million and adjusted EBITDA up 33% to INR 3,131 million. The catch is what it cost to get there: capex of INR 8,573 million in a single quarter pushed net debt to INR 45,331 million from INR 28,736 million a year ago, and interest expense rose to INR 1,142 million from INR 914 million. The thin bottom line relative to INR 2,012 million of quarterly depreciation shows the data-center buildout is still being funded ahead of the earnings it will eventually produce. The data-center unit's 136 MW of operational capacity with 113 MW contracted for delivery is the number that matters for whether that debt converts into profit.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.7% of the 1698 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, SIFY was trading at $12.51 on NASDAQ in the Technology sector, with a market capitalization of approximately $888M. The 52-week trading range was $10.09 to $17.85. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.