PERFORMANCE HIGHLIGHTS:
· Revenue for the year ended March 31, 2013 was INR 8570 million as against revenue of INR 7698 million last year, up 11.3% over last year.
EBITDA for the FY 2012-13 was INR 802 million, as compared to INR 490 million in the previous year, an increase of 63.6%.
Net Profit for the year was INR 477 million as against a net loss of INR 385 million for the previous year; the net profit for the year included a one-time gain of INR 658 million from sale of stake in associate company.
· Capex during the year was INR 1846 million. Cash balance at the end of the year was INR 999 million.
Mr. Raju Vegesna, Chairman, said, “As a company we have invested in a robust network with sufficient capacity for our growing connectivity business. We also remain one of the only network service providers which is also a leading provider of Data Center and IT Services. Clients are recognising the benefits of these core capabilities, along with our Solutions and Services focus, strengthening our ability to deliver end-to-end ICT solutions. The benefits of this approach can be seen in an increasing number of large orders, many of which are now in an advanced stage of implementation.
Over the past year, we have begun packaging many of our solutions and services into flexible and scalable modules. We are now able to implement projects quickly, scale them efficiently and cross-pollinate them with solutions from other service providers, while giving clients cost-effective solutions.
Our USPs have always been agility and flexibility. In the coming years, we will continue to strengthen our portfolio of services to help Enterprises reach markets quicker at the most economical prices.”
Mr. Kamal Nath, CEO, said, “Sify is fast emerging as a Service Provider with skill-sets of a Systems Integrator who can design and deliver multi-tower IT & Telecom projects in various commercial models. This is going to be our unique positioning and identity going forward. Having established a strong brand name in the Network Services space, we are aggressively focusing on Data Center & Disaster Recovery Solutions both on a Public & Private Cloud model. Whenever a client moves to our Data Center facility, Sify would deliver the complete IT Infrastructure, Telecom Infrastructure and Managed IT Services at a significantly lower cost by virtue of tools and automation driven shared services model. Our new Data Center facilities are aimed towards providing our customers flexible and cost effective hosted IT solutions across multiple cities. This is a win-win situation as it is resulting into increased wallet share of customers IT spend while we are lowering the TCO for them.”
Mr. M P Vijay Kumar, CFO, said, “Over the last year, our adherence to strict supervision of our expenditure has contributed to steadily improving financial results. At the same time, we continue to make investments in solid infrastructure needed to grow our business and leverage economies of scale. As a result, we remain in good fiscal health amidst continuing market uncertainties. An early market revival should see us reaping the benefits of our fiscal discipline and market strategies.
Cash balance at the end of the year was INR 999 million.”
