For the year ended March 31, 2015, Sify Technologies has reported revenue of Rs 12,864 million witnessing an increase of 23 per cent over the last year. Meanwhile, the company’s revenue for the quarter ended March 31, 2015 stood at Rs 3,594 million, an increase of 37 per cent over the corresponding quarter in 2014.

Further, Sify Technologies has reported net profit of Rs 389 million for the year ended March 2015 and the company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at Rs 2,005 million for the same period.  The company’s capex during the year was Rs 944 million, meanwhile cash balance at the end of the year stood at Rs 1,471 million.

Commenting on the performance of the company, M P Vijay Kumar, chief financial officer, Sify Technologies, said, “The company has reported over 20 per cent growth in revenue amidst a business environment that can best be described as cautiously optimistic.  We managed to hold steady on both revenue growth and cost management. The company continues to weigh new investment options against emerging business opportunities to scale our business, while at the same time improving our current asset utilisation.”

He further added, “Net income for this fiscal year has grown, but was unable to keep pace with the comparably higher growth in revenue and EBITDA. This reflects the higher depreciation and financing costs, related to our investments in capacity and increased working capital with the higher business volume.”

Kumar also stated that based on the significant one-time investments Sify Technologies made in 2013 and 2014, it will be a little more time before the company can fully monetise these investments, especially the data centres. However, the company’s planned investments for 2015-16 are going to be more incremental, and directly linked to increases in volumes or new customer contracts.