Earnings release
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Exhibit 99.1 • For immediate release Chennai , India , July 30 , 2021 PERFORMANCE HIGHLIGHTS : Sify reports Revenues of INR 6,451 Million for First Quarter of FY 2021-22 EBITDA for the Quarter stood at INR 1,454 Million Revenue for the quarter was INR 6,451 Million , a growth of 23 % over the same quarter last year . sify • EBITDA for the quarter was INR 1,454 Million , an increase of 26 % over the same quarter last year . • • Profit before tax for the quarter was INR 440 Million , an increase of 65 % over the same quarter last year . Profit after tax for the quarter was INR 329 Million , an increase of 91 % over the same quarter last year . • CAPEX during the quarter was INR 917 Million . • Cash balance at the end of the quarter was INR 3,515 Million . MANAGEMENT COMMENTARY Mr. Raju Vegesna , Chairman , said , “ Lessons learned from dealing with the first wave of the pandemic have stood us in good stead as we continue to provide mission - critical ICT services in a challenging environment . India has quickly bounced back from the second with Enterprises slowly returning to at- office business . Mid - sized business , which bore the brunt of the pandemic , are becoming more active in the market for automation solutions . Sify is proud to have played a small role in helping Indian Enterprises to sustain their operations and become more resilient . This year , critical requirements like the National data policy and continued remote access will push security to the top of the priority list for Enterprises . This is also expected to accelerate the interest in data center space on a pan - India basis . " Mr. Kamal Nath , CEO , said , “ With industries and people steadily returning to physical workspaces , digitalization decisions are also being accelerated . The trends of the previous quarters continue to be relevant , resulting in sustained interest in our Cloud @ core portfolio of services . Work from anywhere , migration to hosted DC and hybrid cloud platform , strengthening of disaster recovery plans to enable business continuity , application modernization - all these market trends are reflected in our current customer engagements .