Sify Technologies reported its consolidated financial results for the second quarter of fiscal year 2024-25, ending September 30, 2024. The company achieved revenues of INR 10,275 Million and an EBITDA of INR 1,963 Million for the period.
The company recorded a profit for the period of INR 49 Million. Sify also noted its adoption of the new standard of International Accounting Standards Board’s IFRS 18, which aims to maintain clarity and consistency in financial communications without altering total income or net profit.
Mr. Raju Vegesna, Chairman, highlighted India's transformative enterprise landscape, driven by regulatory advancements and infrastructure development. Mr. Kamal Nath, CEO, emphasized significant capital investments and expanded offerings to support enterprises' digital transformation journeys, with a cash balance of INR 7,574 Million at quarter-end.
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