Latest news with #886
New Straits Times
6 days ago
- Business
- New Straits Times
Palm slips on weaker Chicago soyoil but still set for weekly gain
KUALA LUMPUR: Malaysian palm oil futures fell on Friday, snapping a five-session rally, pressured by weaker rival Chicago soyoil, although the market remained on track for a weekly gain. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange slid RM72, or 1.83 per cent, to RM3,860 (US$910.38) a metric ton at the midday break. The contract has gained 1.99 per cent so far this week. Crude palm oil futures traded lower tracking weakness in the Chicago soybean oil market, said David Ng, a proprietary trader at Kuala Lumpur-based trading firm Iceberg X Sdn Bhd. "We identify support at RM3,800 and resistance at RM3,950," he said. Dalian's most-active soyoil contract fell 0.93 per cent, while its palm oil contract lost 1.16 per cent. Soyoil prices on the Chicago Board of Trade were down 2.91 per cent. Palm oil tracks price movements of rival edible oils, as it competes for a share of the global vegetable oils market. Oil prices were on track for a second consecutive weekly decline, weighed down by expectations of another OPEC+ output hike in July and fresh uncertainty after the latest legal twist kept US President Donald Trump's tariffs in place. Weaker crude oil futures make palm a less attractive option for biodiesel feedstock. The ringgit, palm's currency of trade, remained unchanged against the US dollar. Palm oil may retrace to RM3,886 per ton, as it has broken support at RM3,912, Reuters technical analyst Wang Tao said.
News18
6 days ago
- News18
Cocaine worth Rs 8.6 crore recovered from stomach of Ugandan national
Last Updated: Mumbai, May 29 (PTI) Pellets containing 866 grams of cocaine were recovered from the stomach of a Ugandan national after he was intercepted at the Chhatrapati Shivaji Maharaj International Airport (CSMIA) here, a customs official said on Thursday. The passenger, who landed in Mumbai on the intermediate night of May 24 and 25, appeared uncomfortable during questioning which gave rise to suspicion, he said. A medical examination showed that he had ingested yellow-coloured pellets. After the pellets were removed through a medical procedure, they were found to contain a total of 886 grams of cocaine worth Rs 8.66 crore. The man was subsequently arrested and further probe was on, the official said. PTI DC KRK First Published:
Yahoo
01-05-2025
- Business
- Yahoo
Why Sify Technologies Ltd (SIFY) is Surging in 2025
We recently published a list of . In this article, we are going to take a look at where Sify Technologies Ltd (NASDAQ:SIFY) stands against other communication services stocks that are up the most so far in 2025. The communication services sector has been one of Wall Street's most dynamic performers so far this year. The sector has a lot of breadth and encompasses everything from traditional telecom giants to digital advertising platforms and streaming entertainment providers, so the sector hardly moves in tandem. What makes this sector particularly intriguing is how different subsegments are thriving for entirely different reasons. Tech-oriented communication stocks have capitalized on AI, whereas telecom stalwarts have found strength through 5G network expansion, which is finally becoming the dominant communication standard this year. Understanding these market leaders provides both defensive positioning opportunities and exposure to some of the most innovative companies. Even during bear markets, there are pockets of the market that perform exceptionally well. For example, I identified in another article. For this article, I screened the best-performing communication services stocks year-to-date. I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A high-tech telecommunications equipment site with cutting-edge antennas and satellite dishes. Number of Hedge Fund Holders In Q4 2024: 1 Sify Technologies Ltd (NASDAQ:SIFY) is India's largest integrated ICT service and solution provider, delivering cloud, data center, network, and digital services to enterprises across India and internationally. The stock's rise in 2025 has been primarily driven by strong revenue growth and aggressive infrastructure expansion. On April 21, 2025, Sify reported a 12% year-over-year revenue increase to INR39,886 million and a similar rise in EBITDA, despite posting a net loss of INR785 million due to heavy capital expenditures aimed at scaling up data center and network capacity. The company launched two new data centers in Delhi and Chennai and expanded its fiber network by 10%, bringing its total to 1,137 nodes nationwide. Demand from international hyperscalers for Sify's data center services remains robust, while Indian enterprise adoption is still emerging. Management's guidance for the next two years forecasts average annual revenue growth of 26%. SIFY stock is up 53.50% year-to-date. Overall, SIFY ranks 9th on our list of communication services stocks that are up the most so far in 2025. While we acknowledge the potential of SIFY, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SIFY but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
22-04-2025
- Business
- Yahoo
Sify Technologies Ltd (SIFY) Q4 2025 Earnings Call Highlights: Revenue Growth Amidst Financial ...
Revenue: INR39,886 million, an increase of 12% over last year. EBITDA: INR7,562 million, an increase of 12% over last year. Loss Before Tax: INR286 million. Loss After Tax: INR785 million. Capital Expenditure: INR12,745 million. Cash Balance: INR6,836 million at the end of the year. Data Center Services Revenue Share: 38% of total revenue. Network Services Revenue Share: 41% of total revenue. Digital Services Revenue Share: 21% of total revenue. Fiber Nodes: 1,137 fiber nodes, a 10% increase over last year. SD-WAN Service Points: 1,870 contracted service points across the country. Income Tax Expense: INR539 million. Warning! GuruFocus has detected 3 Warning Signs with SIFY. Release Date: April 21, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Sify Technologies Ltd (NASDAQ:SIFY) reported a 12% increase in revenue for the year, reaching INR39,886 million. EBITDA also increased by 12% over the previous year, totaling INR7,562 million. The company has expanded its network infrastructure with a 10% increase in fiber nodes across India. Two new data center facilities have gone live in Delhi and Chennai, with additional capacity under construction in Mumbai. Demand for data center colocation services in India continues to exceed supply, driven by cloud consumption and hyperscaler expansion. Sify Technologies Ltd (NASDAQ:SIFY) reported a loss before tax of INR286 million and a loss after tax of INR785 million. Substantial capital expenditure of INR12,745 million was incurred, impacting financial results. There was a substantial increase in expenses due to new capacities leased for future business requirements. Operating leverage is still developing, with only marginal improvements in data center service margins expected. The demand for data center services is primarily driven by international hyperscalers, with Indian enterprise demand still in early stages. Q: What drove the decline in network services this quarter? A: M P Vijay Kumar, Executive Director & Group CFO, explained that there was no decline in revenue. However, there were substantial expenses due to new capacities leased for future business requirements. Q: Can you discuss the dynamics of data center services and the roadmap for fiscal '26? A: M P Vijay Kumar noted a secular trend in recurring revenues with some one-time revenues in select quarters. Two new greenfield facilities in Delhi and Chennai have gone live, and new capacities in Mumbai are under construction, expected to go live in the next 12 to 18 months. Q: What is the current design capacity of your data centers, and what is the incremental capacity from new facilities? A: The current operational design capacity is about 130 megawatts. The two new facilities have a design capacity of 130 megawatts each, with Phase 1 providing 26 megawatts each. Q: How do you see the demand dynamics for data center colocation services in India? A: M P Vijay Kumar stated that demand continues to exceed supply, driven by cloud consumption by Indian enterprises and hyperscalers. AI-led demand is in early stages, with active conversations for future needs. Q: What are the expectations for operating leverage as revenue from infrastructure investments scales? A: M P Vijay Kumar indicated positive operating leverage for network and data center infrastructure businesses. Margins in data center services may increase slightly, while network services have potential for substantial margin increases with higher capacity utilization. Q: Is the demand for data centers more likely to be driven by Indian enterprises or international hyperscalers? A: In the short term, demand is expected to be driven by international hyperscalers. However, Indian enterprises are increasingly engaging in setting up private and hybrid clouds, which may drive demand in the medium to long term. Q: Has the demand from international hyperscalers broadened or remained the same? A: The demand remains generally the same, with the same group of international hyperscalers driving demand. Q: How are the construction timelines and availability of resources for data centers in India? A: M P Vijay Kumar mentioned that construction timelines have improved post-COVID, with stable availability of resources like land, power, and contractors. The pricing environment remains stable. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
22-04-2025
- Business
- Yahoo
Sify Technologies Ltd (SIFY) Q4 2025 Earnings Call Highlights: Revenue Growth Amidst Financial ...
Revenue: INR39,886 million, an increase of 12% over last year. EBITDA: INR7,562 million, an increase of 12% over last year. Loss Before Tax: INR286 million. Loss After Tax: INR785 million. Capital Expenditure: INR12,745 million. Cash Balance: INR6,836 million at the end of the year. Data Center Services Revenue Share: 38% of total revenue. Network Services Revenue Share: 41% of total revenue. Digital Services Revenue Share: 21% of total revenue. Fiber Nodes: 1,137 fiber nodes, a 10% increase over last year. SD-WAN Service Points: 1,870 contracted service points across the country. Income Tax Expense: INR539 million. Warning! GuruFocus has detected 3 Warning Signs with SIFY. Release Date: April 21, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Sify Technologies Ltd (NASDAQ:SIFY) reported a 12% increase in revenue for the year, reaching INR39,886 million. EBITDA also increased by 12% over the previous year, totaling INR7,562 million. The company has expanded its network infrastructure with a 10% increase in fiber nodes across India. Two new data center facilities have gone live in Delhi and Chennai, with additional capacity under construction in Mumbai. Demand for data center colocation services in India continues to exceed supply, driven by cloud consumption and hyperscaler expansion. Sify Technologies Ltd (NASDAQ:SIFY) reported a loss before tax of INR286 million and a loss after tax of INR785 million. Substantial capital expenditure of INR12,745 million was incurred, impacting financial results. There was a substantial increase in expenses due to new capacities leased for future business requirements. Operating leverage is still developing, with only marginal improvements in data center service margins expected. The demand for data center services is primarily driven by international hyperscalers, with Indian enterprise demand still in early stages. Q: What drove the decline in network services this quarter? A: M P Vijay Kumar, Executive Director & Group CFO, explained that there was no decline in revenue. However, there were substantial expenses due to new capacities leased for future business requirements. Q: Can you discuss the dynamics of data center services and the roadmap for fiscal '26? A: M P Vijay Kumar noted a secular trend in recurring revenues with some one-time revenues in select quarters. Two new greenfield facilities in Delhi and Chennai have gone live, and new capacities in Mumbai are under construction, expected to go live in the next 12 to 18 months. Q: What is the current design capacity of your data centers, and what is the incremental capacity from new facilities? A: The current operational design capacity is about 130 megawatts. The two new facilities have a design capacity of 130 megawatts each, with Phase 1 providing 26 megawatts each. Q: How do you see the demand dynamics for data center colocation services in India? A: M P Vijay Kumar stated that demand continues to exceed supply, driven by cloud consumption by Indian enterprises and hyperscalers. AI-led demand is in early stages, with active conversations for future needs. Q: What are the expectations for operating leverage as revenue from infrastructure investments scales? A: M P Vijay Kumar indicated positive operating leverage for network and data center infrastructure businesses. Margins in data center services may increase slightly, while network services have potential for substantial margin increases with higher capacity utilization. Q: Is the demand for data centers more likely to be driven by Indian enterprises or international hyperscalers? A: In the short term, demand is expected to be driven by international hyperscalers. However, Indian enterprises are increasingly engaging in setting up private and hybrid clouds, which may drive demand in the medium to long term. Q: Has the demand from international hyperscalers broadened or remained the same? A: The demand remains generally the same, with the same group of international hyperscalers driving demand. Q: How are the construction timelines and availability of resources for data centers in India? A: M P Vijay Kumar mentioned that construction timelines have improved post-COVID, with stable availability of resources like land, power, and contractors. The pricing environment remains stable. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
