Sify Technologies reported its consolidated financial results for the third quarter of fiscal year 2024-25, ending December 31, 2024. The company achieved revenues of INR 10,491 Million and an EBITDA of INR 1,914 Million.
The company recorded a loss for the period of INR 258 Million. Mr. M P Vijay Kumar, ED & Group CFO, noted that current results are impacted by depreciation, interest payments, and escalating manpower costs, which are part of strategic investments for sustainable growth.
Chairman Raju Vegesna emphasized India's growing prominence as a global marketplace, driven by liberal policies and a supportive business environment. He highlighted India's evolving role as an AI test-bed for the emerging digital economy, attracting global leaders' investment.
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