The strong revenue acceleration (31% YoY vs 13% in FY2025-26) and return to profitability are positive signals, but the rapid debt build for capex warrants monitoring of interest coverage and cash flow in coming quarters. Watch for the subsidiary SISL IPO progress as a potential deleveraging catalyst.
Price Chart
Executive Summary
Sify Technologies reported Q2 FY2026-27 results with revenue of INR 13,798 million (up 31% YoY) and adjusted EBITDA of INR 3,131 million (up 33% YoY). The company swung to a profit of INR 40 million from a loss of INR 275 million in the same quarter last year, driven by strong growth across Network Services (+37%), Data Center Services (+25%), and Digital Services (+31%). Net debt rose sharply to INR 45,331 million from INR 28,736 million a year ago, reflecting heavy capex of INR 8,573 million during the quarter.
Key Facts
- Revenue of INR 13,798 million, up 31% YoY from INR 10,533 million
- Adjusted EBITDA of INR 3,131 million, up 33% YoY from INR 2,361 million
- Profit of INR 40 million vs loss of INR 275 million in Q2 last year
- Operating profit rose to INR 1,184 million from INR 709 million YoY
- Net debt increased to INR 45,331 million from INR 28,736 million YoY
- Capex of INR 8,573 million during the quarter
- Data center operational capacity at 136 MW with 113 MW contracted for delivery
- Fiber nodes grew 6% YoY to 1,264
Financial Impact
Revenue growth of 31% YoY and swing to profitability from a loss of INR 275 million to a profit of INR 40 million. Net debt increased by INR 16,595 million YoY to INR 45,331 million.
Risk Factors
- Net debt increased 58% YoY to INR 45,331 million, with interest expenses up 25% YoY to INR 1,142 million
- Heavy capex of INR 8,573 million in a single quarter may pressure free cash flow
- Depreciation rose 16% YoY to INR 2,012 million, reflecting ongoing capacity expansion
- Digital Services segment remains marginally profitable (segment result INR 19 million)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001554855-26-002231 |
| Document: MainDocument.htm | 0001554855-26-002231 |
| Document: 0001554855-26-002231-index-headers.html | 0001554855-26-002231 |
| Document: 0001554855-26-002231-index.html | 0001554855-26-002231 |
| Document: 0001554855-26-002231.txt | 0001554855-26-002231 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 1d ago | 6-K | $12.58 $12.63 | ▲ +0.40% | ▲ +0.78% | $12.63 (+0.40%) |
Oct 28, 2026 1d ago | Press Release | $12.58 $12.63 | ▲ +0.40% | ▲ +0.78% | $12.63 (+0.40%) |
Jul 16, 2026 15w ago | 6-K | $14.69 $14.01 | ▼ −4.63% | ▼ −3.64% | $12.63 (−14.02%) |
Jul 1, 2026 17w ago | 6-K | $16.61 $15.32 | ▼ −7.77% | ▼ −7.63% | $12.63 (−23.96%) |
Jun 26, 2026 17w ago | 20-F | $15.69 $16.14 | ▲ +2.90% | ▲ +1.25% | $12.63 (−19.48%) |
Apr 13, 2026 28w ago | 6-K | $12.96 $12.96 | · 0.00% | ▼ −1.21% | $12.63 (−2.55%) |
Apr 13, 2026 28w ago | Press Release | $12.96 $12.96 | · 0.00% | ▼ −1.21% | $12.63 (−2.55%) |
Apr 6, 2026 29w ago | Press Release | $13.48 $13.19 | ▼ −2.15% | ▼ −2.21% | $12.63 (−6.31%) |
US Market Status
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