Sify reports revenues of Rs2059 Mn for Q2,FY13

Sify reported revenues of Rs2059 mn for the quarter ended September 30, 2012 against revenues of Rs1815 million for the corresponding quarter of the previous year, a growth of 13%.

EBITDA for the quarter increased to INR 161 million, as compared to INR 136 million in the corresponding quarter previous year.

Net profit for the quarter was INR 612 million, as against a net loss of INR 89 million in the corresponding quarter previous year. CAPEX during the quarter was INR 1338 million. Cash balance at the end of the quarter was INR 907 million.

"On the business environment, we are pleased that the Government is opening up several sectors for FDI. The true effect of these measures will take some time to bear results, but we believe this would allow several sectors to aggressively ramp-up, thus opening up additional growth opportunity for us. We will continue in our endeavor to become a prominent solutions expert catering to large and emerging Enterprises, SMBs and the Government services," said Raju Vegesna, Chairman,Sify technologies.