Altius Telecom Infrastructure Trust (543225) Q1 24/25 earnings summary

Executive summary

• Consolidated revenue from operations for Q1 FY25 was ₹34,789 million, up from ₹27,970 million in Q1 FY24 and ₹34,509 million in Q4 FY24.

• Net profit after tax for Q1 FY25 stood at ₹2,428 million, compared to ₹3,444 million in Q1 FY24 and ₹2,413 million in Q4 FY24.

• Total comprehensive income attributable to unitholders for Q1 FY25 was ₹2,315 million.

• The Trust operates a single segment focused on passive tower infrastructure and related services, with all assets and revenues located in India and primarily from a single customer.

Financial highlights

• Earnings per unit for Q1 FY25 were ₹0.93 (basic and diluted), compared to ₹1.32 in Q1 FY24.

• Operating margin for Q1 FY25 was 40%, net profit margin was 7%.

• Net worth as of June 30, 2024, was ₹129,811 million.

• Paid-up debt capital stood at ₹313,909 million, with a debt-equity ratio of 2.42.

• Distribution of ₹6,202 million was made to unitholders during the quarter.

Outlook and guidance

• The Trust received Competition Commission of India approval on August 6, 2024, for the acquisition of ATC Telecom Infrastructure Private Limited; completion is subject to further conditions and unitholder approval.

• Subsequent to the quarter, SDIL issued ₹9,500 million in NCDs at 7.87% p.a., listed on NSE from August 7, 2024.