Sify Technologies FY Profit Rises

(RTTNews) - Sify Technologies Limited (SIFY) reported that its net profit for the fiscal year 2015-16 was 436 million Indian rupees, an increase of 16% over last year. EBITDA for the year was 2.449 billion rupees, an increase of 22% over last year.

Revenue for the year ended March 31, 2016 was 15.035 billion rupees, an increase of about 17% over last year.

Mr. M P Vijay Kumar, CFO, said, "The discipline exhibited over successive quarters on cost control has helped to supplement the good progress on the revenue front. Our asset utilization has also improved with increased demand for our solutions, both on the Data Center and Network side. Our Capex investments remain cautious and in sync with the market movements. The Board has recommended a dividend of 10%. Cash balance at the end of the year was INR 1736 million."