Altius Telecom Infrastructure Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Altius Telecom Infrastructure Trust's Investment Manager Board approved the unaudited condensed interim standalone and consolidated financial statements for the quarter ended June 30, 2025. Total income rose to Rs. 1,337.4 crore from Rs. 1,025.4 crore in the same quarter last year, driven by interest income of Rs. 1,097.9 crore and dividend income of Rs. 239.5 crore from subsidiaries. Profit for the quarter stood at Rs. 992.2 crore versus Rs. 975.6 crore in Q1 FY25, translating to an earnings per unit of Rs. 3.26 (down from Rs. 3.75 last year due to higher unit count post the EDIPL acquisition). The Trust's Net Asset Value (NAV) per unit was disclosed at Rs. 149.09, based on InvIT assets of Rs. 89,460 crore and net debt of Rs. 42,960 crore. A distribution of Rs. 838.1 crore was paid to unitholders as return on capital during the quarter. Security cover certificate and NCD proceeds utilization statement (no material deviation) were also submitted.
Results show steady income and profit growth, but a notable risk flag is the material going-concern uncertainty flagged by the auditors of a key customer of Elevar Digitel (EDIPL), which could impact EDIPL's operations and the carrying value of the Trust's Rs. 13,288 crore investment if the customer's situation worsens. Shareholders should monitor collection patterns from this key customer closely, as it is the single biggest concentration risk in the Trust's portfolio.