Sify Technologies Loss Widens In Q1, Stock Down In Pre-Market

(RTTNews) - Sify Technologies Limited (SIFY), Friday announced first-quarter financial results, reporting a loss after tax of INR 389 million compared to last year's loss after tax of INR 52 million.

The India-based company attributed the rise in loss to the impact of depreciation, interest costs, and rising manpower expenses.

Revenue increased to INR 10,723 million from INR 9,421 million in the previous year.

EBITDA for the quarter stood at INR 2,111 million compared to INR 1,784 million in the prior year.

In the pre-market hours, Sify's stock is moving down 4.15 percent, to $5.55 on the Nasdaq.