Altius Telecom Infrastructure Trust reported a consolidated net profit of ₹3,753 million for the quarter ended June 30, 2026, marking a significant improvement from ₹2,267 million in the corresponding quarter of FY25. The infrastructure investment trust (InvIT) maintained steady revenue generation while expanding its profitability metrics through improved operational efficiency and margin expansion.

Revenue from operations stood at ₹60,251 million, virtually unchanged from ₹60,300 million in Q1FY25. However, the Trust’s earnings before interest, taxes, depreciation, and amortization (EBITDA) margin rose to 43.02% from 41.06% year-on-year, reflecting better cost management and operational leverage across its portfolio of passive telecom assets.

Financial Performance Highlights

The Trust’s standalone results showed a net profit of ₹9,922 million for the quarter, compared to ₹9,961 million in Q1FY25. Standalone revenue was not explicitly broken out as operating revenue but total income stood at ₹13,797 million, driven primarily by interest income from loans to subsidiaries (₹10,858 million) and dividend income from subsidiaries (₹2,844 million).

Distribution and Unit Economics

Altius Telecom Infrastructure Trust declared a total distribution of ₹12,225 million for the quarter, comprising:

• Return on Capital: ₹7,728 million (₹2.54 per unit)
• Return of Capital: ₹4,497 million (₹1.48 per unit)

The payout translates to a total distribution of ₹4.01 per unit. The Board approved the distribution on May 28, 2026, with payment made on June 5, 2026.

What the Numbers Show

The divergence between standalone and consolidated profitability warrants attention. While standalone net profit remained flat at approximately ₹9,900 million quarter-on-quarter, consolidated net profit surged 66% YoY. This suggests that the SPVs—particularly Elevar Digitel Infrastructure Private Limited, acquired in September 2024—are contributing increasingly to bottom-line growth. The expansion in EBITDA margin from 41.06% to 43.02% indicates that operating expenses are being managed effectively relative to revenue, despite network operating costs remaining elevated at ₹32,124 million.

Balance Sheet and Valuation Metrics

As on June 30, 2026, the Trust’s key financial ratios reflected a leveraged but stable capital structure:

• Debt-Equity Ratio: 4.98 (up from 3.62 in Q1FY25)
• Debt Service Coverage Ratio (DSCR): 1.95 (up from 1.68)
• Interest Service Coverage Ratio (ISCR): 2.43 (up from 2.33)
• Asset Coverage Ratio: 1.12

The fair enterprise value of the Trust’s assets, as per the valuation report dated August 12, 2026, stood at ₹97,692 million. After adjusting for net debt of ₹44,256 million and other liabilities of ₹1,589 million, the net value was ₹52,307 million, resulting in a NAV of ₹171.65 per unit.

Corporate Developments

During the quarter, co-sponsor BIF IV Jarvis India Pte. Ltd. sold 137,525,000 units, reducing its stake from 49.85% to 45.34% of outstanding units. Subsequent to the quarter-end, the Trust initiated the process for conversion from a privately listed InvIT to a publicly listed InvIT, filing a Draft Offer Document with SEBI on August 6, 2026.

The Trust’s credit ratings were reaffirmed at CARE AAA/Stable and CRISIL AAA/Stable in April 2026, underscoring strong debt servicing capacity and asset quality.

Altius Telecom Infrastructure Trust (formerly known as Data Infrastructure Trust) successfully concluded its Sixth Annual General Meeting on Monday, July 27, 2026, held through video conferencing in compliance with the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014. The meeting commenced at 12:00 p.m. and concluded at 12:30 p.m. (IST), with 6 unitholders present out of a total of 796 unitholders on record.

AGM Proceedings and Key Attendees

Mr. Munish Seth, Managing Director and Chairperson of the Risk Management Committee, was elected to chair the proceedings in the absence of the designated Chairperson of the Board. Ms. Yesha Maniar, Company Secretary & Compliance Officer, confirmed the requisite quorum and called the meeting to order. Mr. Munish Seth and Mr. Rahul Katiyar, Chief Financial Officer, provided an update on the performance and operations of the Trust and its assets during the financial year ended March 31, 2026.

The key personnel of Data Link Investment Manager Private Limited present at the AGM are detailed below:

Other invitees included Mr. Jatin Prabhakar Patil as Scrutinizer, authorised representatives of Deloitte Haskins & Sells LLP (Auditors), Axis Trustee Services Limited (Trustee), Mr. S. Sundararaman (Valuer), Makarand M. Joshi & Co. (Practicing Company Secretaries), and representatives of Summit Digitel Infrastructure Limited and Elevar Digitel Infrastructure Private Limited, the Special Purpose Vehicles of the Trust.

Resolutions Transacted and Voting Results

Three ordinary resolutions were placed before unitholders, each requiring passage by simple majority in terms of Regulation 22 of the SEBI InvIT Regulations. The remote e-voting facility was available from 9:00 a.m. (IST) on Thursday, July 23, 2026, through 5:00 p.m. (IST) on Sunday, July 26, 2026, with e-voting also available during the AGM. A total of 26 unitholders availed the remote e-voting and e-voting facility. The cut-off date for determining eligible voters was Friday, July 17, 2026.

The overall voting participation and resolution outcomes are summarised below:

Detailed Voting Data

The aggregate voting data across all three resolutions reflected strong unitholder participation. For Items 1 and 2, the total votes polled stood at 2,75,47,00,000 out of 3,04,74,00,000 units held, representing 90.40% of outstanding units, with 100% of votes cast in favour and zero votes against. For Item 3, the total votes polled were also 2,75,47,00,000 (90.40% of outstanding units), of which 2,75,07,75,000 votes (99.86%) were in favour and 39,25,000 votes (0.14%) were against.

The category-wise breakdown for Item 3 is presented below:

Scrutinizer's Report

Mr. Jatin Prabhakar Patil, Partner of M/s. Mayekar & Associates, Practicing Company Secretaries, Mumbai (Firm U.I.N - P2005MH007400), was appointed as Scrutinizer to oversee the voting process in a fair and transparent manner. In his report dated July 27, 2026, Mr. Patil confirmed that no invalid votes were received through remote e-voting and that all resolutions mentioned in the AGM Notice stand approved by unitholders who exercised their votes. The voting results and Scrutinizer's Report are available on the Trust's website at www.altiusinfra.com and on the NSDL website at www.evoting.nsdl.com .