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Name | Symbol | Market | Type |
---|---|---|---|
Sify Technologies Limited | NASDAQ:SIFY | NASDAQ | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.01 | -0.82% | 1.21 | 1.14 | 1.40 | 1.225 | 1.20 | 1.22 | 10,658 | 05:00:10 |
PERFORMANCE HIGHLIGHTS:
FINANCIAL HIGHLIGHTS
Sify Technologies Limited | ||||||||||
Unaudited Consolidated Income Statement as per IFRS | ||||||||||
(In INR millions) | ||||||||||
Quarter ended | Quarter ended | Year ended | ||||||||
Description | June | June | March | |||||||
2018 | 2017 | 2018 | ||||||||
(Audited) | ||||||||||
Revenue | 4,683 | 4,555 | 20,686 | 3 | % | |||||
Cost of Revenues | (2,845 | ) | (2,807 | ) | (13,435 | ) | ||||
Selling, General and Administrative Expenses | (1,097 | ) | (1,049 | ) | (4,395 | ) | ||||
EBITDA | 741 | 699 | 2,856 | 6 | % | |||||
Depreciation and Amortisation expense | (387 | ) | (461 | ) | (1,755 | ) | ||||
Net Finance Expenses | (134 | ) | (92 | ) | (367 | ) | ||||
Other Income (including exchange gain) | 34 | 28 | 190 | |||||||
Other Expenses (including exchange loss) | (53 | ) | - | - | ||||||
Profit before tax | 201 | 174 | 924 | 16 | % | |||||
Income tax expense | ||||||||||
Profit for the period | 201 | 174 | 924 | 16 | % | |||||
Profit attributable to: | ||||||||||
Reconciliation with Non-GAAP measure | ||||||||||
Profit for the period | 201 | 174 | 924 | 16 | % | |||||
Add: | ||||||||||
Depreciation and Amortisation expense | 387 | 461 | 1,755 | |||||||
Net Finance Expenses | 134 | 92 | 367 | |||||||
Other Expenses (including exchange loss) | 53 | - | - | |||||||
Income tax expense | - | - | - | |||||||
Less: | ||||||||||
Other Income (including exchange gain) | (34 | ) | (28 | ) | (190 | ) | ||||
EBITDA | 741 | 699 | 2,856 | 6 | % | |||||
Quarter ended June 30, 2018 | Rs Mln | |||||||||
Capex | 1,001 | |||||||||
Cash Balance | 1,710 |
MANAGEMENT COMMENTARY Mr. Raju Vegesna, Chairman, said, “We are at the point where Domestic enterprises are utilizing multiple services from our portfolio to navigate the Indian IT landscape. Global MNCs are also viewing us as a reliable partner to commission their India projects. The profile of our client engagements is also shifting to broader implementation across multiple services, translating into more strategic relationships.”
Mr. Kamal Nath, CEO, said, "Our sustained focus on our “Cloud@Core” service lines, along with the investments being made around this model, is adding a distinct character to our revenue, profitability and new order book. Clients are seeing the merits in our vertical-based business strategy and the flexibility to opt for either a “subscription” or a “build” model. Our positioning as a digital transformation partner, our comprehensive set of services and demonstrated speed-to-market are key differentiators that will propel our growth.”
Mr. M P Vijay Kumar, CFO, said, “Our business is supported by our continuing investment in infrastructure, tools and people to augment our growing portfolio of services. While we continue to exert greater fiscal discipline, our mix of DC and Network value added services should help broaden our revenue streams.
Our cash balance at the end of the quarter stands at INR 1710 Million”
BUSINESS HIGHLIGHTS
GROWTH DRIVERS
Digital transformation in India market continues to accelerate because of Government programs as well as Private initiatives aimed towards citizens and consumer experience. In line with this trend, our investments and initiatives are focused on creating infrastructures and services which has “Cloud @core” as the central theme. These investments and initiatives cut across Data Center, Cloud, Network and Applications.
KEY WINS
AWARDS/RECOGNITIONS
CORPORATE COMMENTARY
As informed earlier, Dr. Siripurapu Kesava Rao, Director has resigned from the Board due to ill-health. The Board has commenced the search for his successor.
About Sify TechnologiesSify is the largest ICT service provider, systems integrator, and all-in-one network solutions company on the Indian subcontinent. We’ve also expanded to the United States, with headquarters in the heart of California’s Silicon Valley.Over 8500 businesses have become Sify customers. We also partner with other major network operators to deliver global network solutions. Our customers can access Sify services via India’s largest MPLS network. Among the very few Enterprise class player in India, Sify, today has presence in more than 1550 cities in India and in North America, the United Kingdom and Singapore. Sify, www.sify.com, Sify Technologies and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.
For a discussion of the risks associated with Sify’s business, please see the discussion under the caption “Risk Factors” in the company’s Annual Report on Form 20-F for the year ended March 31, 2018, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify’s other reports filed with the SEC.
For further information, please contact:
Sify Technologies Limited Mr. Praveen Krishna Investor Relations & Public Relations +91 44 22540777 (ext.2055) praveen.krishna@sifycorp.com | 20:20 Media Nikhila Kesavan +91 9840124036 nikhila.kesavan@2020msl.com | Grayling Investor Relations Shiwei Yin +1-646-284-9474 Shiwei.Yin@grayling.com |
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