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Sify Turns To Q2 Profit, Revenue Grows

Sify Technologies Limited (SIFY), an information and communications technology company, Tuesday reported profit before tax of INR 87 million for the second quarter compared with loss before tax of INR 2 million in the same quarter a year ago, primarily helped by growth in revenue.

The company posted net profit of INR 49 million compared with net loss of INR 40 million last year.

Operating profit was INR 780 million, up from INR 480 million a year ago.

EBITDA, or earnings before interest, taxes, depreciation, and amortization increased 29 percent to INR 1.963 billion.

Revenue for the quarter grew to INR 10.275 billion from INR 8.791 billion in the previous year.

by RTTNews Staff Writer

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