Altius Telecom Infrastructure Trust has scheduled a meeting of its Board of Directors for Saturday, September 5, 2026. The primary agenda is to consider and declare a distribution to unitholders.

The investment manager, Data Link Investment Manager Private Limited, issued the notice in compliance with SEBI (Infrastructure Investment Trusts) Regulations, 2014 and SEBI Master Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025.

Trading Window Closure

In accordance with the Code of Conduct for Prevention of Insider Trading, the trading window for dealing in listed securities of the trust will close with effect from Thursday, September 3, 2026. The window will reopen 48 hours after the announcement of the outcome of the board meeting.

Record Date

If the distribution is declared, the record date will be Wednesday, September 9, 2026. Unitholders holding units on this date will be eligible for the payout.

Regulatory Compliance

The intimation is available on the trust’s website. Axis Trustee Services Limited acts as the trustee, while Catalyst Trusteeship Limited serves as the debenture trustee.

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 ₹10,164 million for the quarter, compared to ₹9,922 million in Q1FY26. 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 Q1FY26)
• 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.