Altius Telecom Infrastructure Trust (543225) Q3 24/25 earnings summary

Executive summary

• Consolidated revenue from operations for the nine months ended December 31, 2024 was ₹1,35,150 million, up from ₹94,266 million year-over-year, reflecting significant growth post-acquisition of Elevar Digitel Infrastructure Private Limited in September 2024.

• Profit after tax for the nine months ended December 31, 2024 stood at ₹6,728 million, compared to ₹8,779 million for the same period last year, impacted by higher finance and network operating expenses.

• The Trust completed the acquisition of Elevar (formerly ATC Telecom Infrastructure Private Limited) for ₹1,32,877 million, funded by a preferential issue and NCDs.

• Distributions to unitholders during the nine months totaled ₹47,547 million.

Financial highlights

• Revenue from operations for Q3 FY25 was ₹60,136 million, up from ₹40,225 million in Q2 FY25 and ₹34,099 million in Q3 FY24.

• EBITDA for the nine months ended December 31, 2024 was robust, with network operating expenses at ₹76,471 million and finance costs at ₹25,344 million.

• Earnings per unit for the nine months ended December 31, 2024 was ₹2.41, compared to ₹3.37 for the same period last year.

• Net worth as of December 31, 2024 was ₹1,61,242 million, with a debt-equity ratio of 3.19.

Outlook and guidance

• The Trust expects continued revenue growth from the integration of Elevar and ongoing expansion of its tower infrastructure portfolio.

• Management remains focused on optimizing capital structure and maintaining high distribution payouts to unitholders.