Sify Technologies reports a decline of 15 per cent in profits
October 17, 2014
Sify Technologies has reported a 15 per cent decline in its net profits from Rs 106 million for the quarter ended September 2013 to Rs 90 million for the quarter ended September 2014. Meanwhile, the revenues increased by 26 per cent from Rs 2.50 billion in July-September 2013 to Rs 3.16 billion in July-September 2014.
Further, the earnings before interest, taxes, depreciation and amortisation (EBITDA) for the quarter ended September 2014 grew by of 8 per cent to Rs 456 million from 423 million for the corresponding quarter in 2013. As on September 30, 2014, the cash balance for Sify Technologies stood at Rs 1505 million.
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