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SIFY

Sify Technologies Limited

SIFY

Sify Technologies Limited • NASDAQ
$11.07 ▲ 1.65% (+0.18)
Market Cap $799.50 M
52w High $17.85
52w Low $2.80
Dividend Yield 0%
P/E -44.28
Volume 37.12K
Outstanding Shares 72.22M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $10.533B ▼ $3.53B ▼ $-275M ▲ -2.611% ▲ $-4.44 ▲ $2.461B ▲
Q1-2026 $10.723B ▲ $3.612B ▲ $-389M ▲ -3.628% ▲ $-5.4 ▲ $2.195B ▲
Q4-2025 $9.699B ▼ $1.642B ▼ $-576.639M ▼ -5.945% ▼ $-7.98 ▼ $1.484B ▼
Q3-2025 $10.491B ▲ $3.227B ▲ $-258M ▼ -2.459% ▼ $-3.54 ▼ $2.056B ▼
Q2-2025 $10.275B $3.133B $101.919M 0.992% $1.62 $2.087B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $6.304B $0 ▼ $-20.131B ▼ $20.131B
Q4-2025 $6.304B ▼ $83.178B ▲ $63.047B ▲ $20.131B ▼
Q3-2025 $7.147B $0 ▼ $-20.351B ▼ $20.351B
Q2-2025 $7.147B ▲ $80.806B ▲ $60.455B ▲ $20.351B ▼
Q1-2025 $5.394B $0 $-24.03B $24.03B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-389M ▲ $0 $0 $0 $0 $0
Q4-2025 $-578M ▼ $0 $0 $0 $0 $0
Q3-2025 $-258M ▼ $0 $0 $0 $0 $0
Q2-2025 $101.919M ▲ $0 $0 $0 $0 $0
Q1-2025 $-105M $0 $0 $0 $0 $0

Five-Year Company Overview

Income Statement

Income Statement Sify’s revenue has been climbing steadily for several years, showing that demand for its services is growing nicely. However, profits have moved in the opposite direction. Operating earnings have stayed roughly flat, and net income has slipped from healthy profits to a loss in the most recent year. In simple terms, the company is selling more but not turning that extra business into bottom‑line gains yet, likely because expansion, depreciation, and financing costs are eating into margins. The core business looks commercially relevant, but the income statement reflects a company in an investment-heavy phase rather than one focused on maximizing near‑term profitability.

Balance Sheet

Balance Sheet The balance sheet shows a business that has scaled up significantly. Total assets have grown strongly, driven by heavy spending on infrastructure like data centers and networks. To fund this, Sify has taken on much more debt over time, so leverage is now a key feature of its capital structure. Equity has grown over the longer period but dipped recently, reflecting the latest loss and possibly other adjustments. Overall, the company looks asset‑rich and infrastructure‑heavy, but it is also more financially geared, which increases both potential upside and financial risk if returns on these assets do not materialize as planned.

Cash Flow

Cash Flow Sify consistently generates cash from its day‑to‑day operations, which is a positive sign that its services are monetized and customers are paying. However, its spending on long‑term assets is very high, so free cash flow has been negative in most recent years. This pattern is typical for a company building out large data centers and networks: cash comes in from operations but is more than offset by investment. The key question going forward is whether these investments will eventually reduce the need for such heavy spending and start to translate into stronger, sustainable free cash flow, easing reliance on debt or other external funding.

Competitive Edge

Competitive Edge Competitively, Sify sits in a favorable niche as an integrated ICT player in India, offering data centers, network services, cloud, and security under one roof. This “one‑stop” model and long operating history have helped it build trust with a broad base of enterprise and government customers. Its extensive physical infrastructure and nationwide presence create high barriers to entry for new rivals. That said, the markets it operates in—data centers, cloud, and telecom‑related services—are structurally competitive and capital intensive, so maintaining pricing power and utilization of its assets will be crucial to defending margins and justifying its large infrastructure base.

Innovation and R&D

Innovation and R&D Sify’s strategy leans heavily on innovation in infrastructure and services rather than on traditional lab‑style R&D. It is investing in AI‑ready data centers with advanced cooling, building a broad cloud platform, and layering on specialized digital services such as XR solutions, retail intelligence, and digital trust offerings. The partnership with Meta for a very large data center and subsea cable landing could be transformative if executed well, anchoring traffic and demand. Planned moves like the separate listing of its data center arm and focus on 5G and edge‑related opportunities suggest an effort to stay ahead of technology cycles. The opportunity is significant, but so are execution risks given the scale, complexity, and capital intensity of these projects.

Summary

Sify is a growing digital infrastructure and ICT solutions provider that has successfully expanded its revenue base and asset footprint, especially in data centers and networks. The trade‑off has been rising debt, sustained heavy capital spending, and a shift from steady profits to a recent loss, which together indicate a company still in a build‑out phase rather than in a mature, cash‑harvesting stage. Strategically, Sify appears well positioned in India’s digital transformation story, with a differentiated integrated offering and high‑profile partnerships. From a risk perspective, the main things to watch are whether management can convert asset growth into higher, more stable profits and free cash flow, and whether the balance sheet remains comfortable as the investment cycle continues. The long‑term picture hinges on utilization, pricing, and disciplined execution of its ambitious expansion plans.

NEWS

October 25, 2025 · 10:44 AM UTC

Sify reports Consolidated Financial Results for Q2 FY 2025-26

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October 18, 2025 · 12:34 PM UTC

Sify Technologies to announce Financial Results for Second Quarter FY 2025-26 on Saturday, October 25, 2025

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October 17, 2025 · 12:31 PM UTC

Sify Infinit Spaces files Draft Red Herring Prospectus in India

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September 26, 2025 · 8:34 AM UTC

Sify Infinit Spaces Limited potential IPO receives Board approval

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September 5, 2025 · 10:29 AM UTC

Sify Infinit Spaces announces the appointment of Mark Adams as Non-Executive and Non-Independent Director on the Board

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