Sify Technologies reports Rs 10 cr profit in Q4

Company's revenue up by 37 % at Rs 359 cr

Sify Technologies Limited has reported a net profit of Rs 10.2 crore during the quarter ended March 31, 2015 as compared to Rs 4 crore, a year ago. Revenue for the quarter was Rs 359.4 crore, an increase of 37 per cent over the same quarter last year.

M P Vijay Kumar, CFO commented that the company managed to hold steady on both revenue growth and cost management. "We continue to weigh new investment options against emerging business opportunities to scale our business, while at the same time improving our current asset utilisation".

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," he said.

Based on the significant one-time investments the company made in 2013 and 2014, it will be a little more time before the company could fully monetise its investments, especially the data centres.

"However, our planned investments for 2015-16 tend to be more incremental, and directly linked to increases in volumes or new customer contracts. Cash balance at the end of the year was Rs 147.1 crore," he said.