Sify Technologies Limited (SIFY) 18 Jan 242024 Q3 Earnings call transcript

Greetings. Welcome to the Sify Technologies Financial Results for Third Quarter Fiscal Year 2023 through 2024. [Operator Instructions] Please note, this conference is being recorded. I will now turn the conference over to your host, Praveen Krishna.

You may begin.

Thank you, Holly. Technologies, Year. to Sify very you of New Happy behalf allow wish me a On on call joined I'm the M.P. Vegesna, Chairman; today by Raju CEO. Director and Vijay Group Nath, Executive Kumar, and Kamal CFO;

will our be Following the on results, an for questions. comments opportunity there

on of copy Investor you. If our please obtain Alternately, (XXX) XXXX, you press at Information have will copy of and you may Global have we Grayling the X release, the not XXX do section release a at call sent corporate a www.sifytechnologies.com/investors. dialing call on the at company's Investor may of Sify be accessing the in Information today's the replay of the the by corporate website A provided webcast or accessed in press website. in section the by release numbers to

financial in and referred somewhat call are non-GAAP previous measures GAAP may include according this during Reporting announcements the IFRS, made will Financial Sify's International release Standards, the results the and measures. to or to differ Some for year the years. earnings of from in the

presentation comparable presented comparable GAAP accordance on most and measures be such most calculated measures of reconciliation calculated a measures website. the Sify's measures directly with such and of GAAP financial the GAAP and in differences with the presented in between available and accordance financial and A of will GAAP made

facts rather afforded Private Litigation actual historical earnings XXXX. in forward-looking the those With we of on such described. that the Before than that out statements, could from are Securities cause this protections seeks respect and forward-looking to results continue, I risks would Act materially differ uncertainties Reform release company and the statements to by call point statements contained subject like certain to conference to are and

to the in competitive are company's but intended described a and from cause include factors, Those of certain time all statements, the reports a complete listed list company's represent factors risks principal These from lists SEC that and time are of in differ to identify forward-looking releases. factors not to developments and public actual inherent intended materially the business. results including risks risk to those to could uncertainties variety

I Raju Sify Mr. introduce of like would Vegesna, Chairman? Technologies. now to Chairman

morning, call. combination joining you Thank of to in for the pro-industry initiatives everyone. A and of capital Thank business encouraging India India. investment on factors the skilled continues Good are regulatory us for strategies Praveen. that you, a lot dominate enterprise human climate and

growth united are and is investments. that in to their their are local leaders central Business their India plans ramping up view aggressively

for expand the in -- bring to our quarter. of me Kamal, business some past our Kamal? CEO, Let highlights the last

Yes. Thank you, Raju.

their Customer infrastructures. enterprises infrastructure modernization also overall digitalization digital As experience, network, digital across are their cloud, the models recalibration. AI prime drivers of adoption objectives, are cybersecurity, security pursue for this hybrid and business recalibrating they and continuity, and transformation application edge

propositions Our specific infrastructure with goals. the recalibrating customer same. selectively Simultaneously, to our we and their investments identify needs the engaged services and portfolio continuously customers meet to are our to aligned are support fundamentally

split between revenue on XX%. businesses at was: Center Services highlights at the Data The Network at and Colocation Services Let for Digital the me the expand now for business XX% quarter. Services the quarter XX%,

same a Sify Sify the December via service XX% across has country, last across X,XXX provides contracted nodes points deployed the respectively, quarter XXXX, fiber increase, As XXst SD-WAN country. XXX the year. on services over

release, X.XX stands at website. Silicon X.XX now our corporate our in list USD recorded in million area Sify our the To detailed key date, part on the A Valley cumulative startups quarter, of invested in is of investment capital USD million. our initiative. This venture as press live wins

Vijay, and quarter. Vijay? financial the on for highlights CFO, in bring Group Executive Director elaborate me Let the our to

very happy a Thank all Kamal. Wish you, you XXXX.

for the quarter performance was INR INR Let Revenue the me year. X% to XX a Loss XX and million, last year account million you after INR are the INR of before X,XXX of expansion million, cost. EBITDA in third briefly quarter financial tax infrastructure same compared with increase substantially decrease These over was higher and million. year last was net same an ongoing same a XXXX-'XX. quarter the X% tax of the financial over depreciation quarter interest was a X,XXX on present to year. last profit projects of

was quarter Capital X,XXX INR expenditure during the million.

being curve invest over subsidiary near footprint on closing skilling remarks. balance at debentures the the net on for future. for data more end center in in as Chairman on been raised interest reflect is our in These in Chairman? to our extending our our adding the and data has profit made partly are accordance capacity, to and equity continue X,XXX INR The and compulsory now center cash his network of of will accounted will as GAAP expense We our ahead the tools. statement center investments expansion convertible with data quarter people income. new hand the recognized The million. I was of for

Vijay you, Kumar. Thank

As of you runway, have are services. the to and market is lot a to belief our right the just we up resources is still portfolio just engagements. services. see, by our can and There our We that of our capital investments, backed warming accelerate both in have

now you over call. I Thank the Operator? hand on any us will joining this operator questions. for to for

from [Operator Sidoti Burns is Instructions] coming first today & Your with Company. for Greg question

what the rest center an give many data map might quarter XXXX? road just of us megawatts you capacity? current maybe much you on How and for added of capacity how -- the your your Could update is have in

Yes.

about megawatt. facility will X facilities of XX will quarter, center capacity both at 'XX-'XX. we and this, data And this projects megawatt January operational is X of in have XX-megawatt there from data each. a Phase live greenfield In cities XXXX, XX and across Delhi fiscal which that other quarter will of of X Chennai, go capacity design X, them are making have Apart about be another We center XXX operational.

Okay.

So fiscal the go in megawatts online -- is in that that think quarter? -- in go that's fourth Mumbai? will going I XX to this

January month. this live XXXX going it's Yes,

Okay.

this And capacity of guess now do little revenue or you of year bit you've investments you're generating next some see a better expect off Okay. to going operating making? some with live, that to earnings I leverage these coming start been

Yes, you're right. It should happen.

going decline projects? Great. quarter, of then digital was of? Okay. services there technology mainly that on note the And by just anything this there the it in integration we Was driven should timing services? take Is else that

conscious profile of integration of where is is, second -- largely And projects on where services the the to the in is Two timing the focus effective which significant. it is One change project, existing the is handover services technology component, in change customer. in terms a projects things. of there is a

Okay.

Okay.

projects, that growth, P&L? looking given selective? higher-margin you more are becoming selective into Just change how for that will So translate what more we Should -- guess, you're lower just now? that, the is is -- I

Yes.

more it So pass-through should would basically mean projects, higher-margin of of services projects. and less be projects which

Okay. then that? have And drawn much with And to how remains Kotak investment, the how available Great. you much you? down on

draw last crores up the we arrangement, anytime we for projects X,XXX of we down which have another in couple INR picking We to which XXXX. meant INR the crores are crores, to up. of XXX new entitled is INR total of a crores XXX been for years. XXX has as projects, out per are INR deployed October have executed drawn And

XXXX.

Okay. some Perfect. regulations, industry regulations And positive you. then you for industry mentioned

other your -- of think maybe any security on update the I that some might give and other data Could remarks? one those prepared you privacy regulation. in was you have regulations pro referencing that data or an been us industry

Yes.

is data And a all their outside encouragement regulators is in within which Apart to are the country. of Data it there set material also the have essentially their an Act, which encouraging the hosting up Protection been So host enterprises is towards premises. from these development. clouds that,

digital banks host the or us. strategies to like developing companies private data largely are with of most insurance center their are providers which clouds, clouds, hosted in So transformation

is is in sorry. the of Is what it guess Where of process the it -- passed? the I -- Act? -- Protection passed? status the being The Or is it Data near of point getting Okay.

The which of to is The months. is in live. coming the we is law What regulations live law, come implementation as is hopefully relating speak. law should the pending the

[Operator Instructions] queue. in no questions There are

look much. for you this interacting to time year. very your on We with call. forward you Thank you through Thank the

Holly. you, Thank

you. Thank

you. Thank

This participation. conference, Thank this at and disconnect concludes you. may lines your your you for today's Thank you time.