Altius Telecom Infrastructure Trust (543225) Q2 24/25 earnings summary

Executive summary

• Consolidated revenue from operations for H1 FY25 was ₹75,014 million, up from ₹60,167 million in H1 FY24, reflecting significant growth driven by the acquisition of Elevar Digitel Infrastructure Private Limited in September 2024.

• Net profit after tax for H1 FY25 stood at ₹4,532 million, compared to ₹5,323 million in H1 FY24, with the decrease attributed to higher finance costs and depreciation post-acquisition.

• The Trust completed the acquisition of Elevar (formerly ATC Telecom Infrastructure Private Limited) for ₹132,877 million, funded by a preferential issue of units and new NCDs.

• Distributions totaling ₹12,436 million were made to unitholders during H1 FY25.

Financial highlights

• Total income and gains for H1 FY25 reached ₹75,563 million, up from ₹62,865 million in H1 FY24.

• EBITDA margin remained strong, with operating margin at 41% for H1 FY25.

• Earnings per unit (basic and diluted) for H1 FY25 was ₹1.70, compared to ₹2.04 in H1 FY24.

• Net worth as of September 30, 2024, was ₹194,159 million.

Outlook and guidance

• The Trust expects continued revenue growth from the expanded asset base post-Elevar acquisition.

• Management remains focused on optimizing capital structure and maintaining high distribution payouts in line with regulatory requirements.