Sify Limited, Form 6-K, 10/16/03
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United States
Securities and Exchange Commission

Washington, DC 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):
October 16, 2003

Commission File Number 000-27663

SIFY LIMITED

(Exact name of registrant as specified in its charter)

Not Applicable
(Translation of registrant’s name into English)

Republic of India
(Jurisdiction of incorporation or organization)

Tidel Park, Second Floor
No. 4, Canal Bank Road, Taramani
Chennai 600 113, India
(91) 44-254-0777
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20F [X] Form 40 F [  ]

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes [  ] No [X]

If “Yes” is marked, indicate below the file number assigned to registrant in connection with Rule 12g3-2(b). Not applicable.

 

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Signatures

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     On October 16, 2003, Sify Limited (“Sify”) announced its U.S. GAAP results for the fiscal quarter ended September 30, 2003. A copy of the press release was furnished as an exhibit to Sify’s report on Form 6-K filed October 16, 2003. Sify’s summarized unaudited results for the quarter ended September 30, 2003 are set forth below. No change has been made in these results and the sole purpose of this filing is to cause the information below to be filed under the Securities Exchange Act of 1934, as amended, and incorporated by reference in Sify’s registration statements on Form F-3 (File Nos. 333-107964 and 333-101915) and registration statements on Form S-8 (File Nos. 333-107938 and 333-101322).

Summarized Results:
(In $ million, all translated at $1 = Rs 45.78)

                                 
Description   Quarter ended   Quarter ended   Year ended
    30 Sept   30 Jun   31 Mar
    2003   2002   2003   2003
   
 
 
 
Corporate services
     7.05       5.30       6.17       22.19  
Retail Internet access
     5.55       3.29       5.10       14.74  
Interactive services
     0.44       0.96       0.56       3.60  
Others
     1.46       0.58       1.30       3.04  
Sales revenue
     14.50       10.13       13.13       43.56  
Depreciation & amortization
     (3.24 )     (6.02 )     (3.14 )     (13.26 )
Impairment of goodwill/assets
     0.00       (0.19 )     0.00       (5.40 )
Depreciation/impairment in affiliates
     (0.27 )     (0.15 )     (0.17 )     (0.82 )
Profit on business sold/discontinued
     1.65       0.00       0.00       0.54  
Net interest
     0.34       0.17       0.18       0.68  
Tax
     (0.00 )     0.02       0.00       (0.06 )
Net income/(loss)
     (1.85 )     (9.52 )     (4.52 )     (29.03 )
Net income/(loss) $/share
     (0.05 )     (0.41 )     (0.13 )     (1.12 )

 

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Signatures

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunder duly organized.

         
Date: October 16, 2003        
         
    SIFY LIMITED
         
    By:   /s/ R. Ramaraj
       
        Name: R. Ramaraj
Title: Chief Executive Officer

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