BSEAltius Telecom Infrastructure TrustMediumNeutral
Announced Mon, 11 May · 23:56 IST

Altius Telecom Infrastructure Trust has informed the Exchange regarding Disclosure of material issue

Mgmt Guided Margin PressureInvestor Communications View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Altius Telecom Infrastructure Trust released its FY26 investor presentation covering full year and Q4 FY26 results. The trust reported adjusted revenue of ₹122,623 million (up 25.2% YoY) and cash EBITDA of ₹83,014 million (up 18.9% YoY) for FY26. Q4 FY26 showed adjusted revenue of ₹31,037 million and cash EBITDA of ₹21,050 million. The trust operates 258k+ towers and IBS sites with 315k+ tenancies, maintaining a 1.4x tenancy ratio. Financial highlights include a AAA/Stable credit rating, Net Debt/AUM at 45.23%, and 98% of NDCF distributed to unitholders. The trust targets distribution of ₹15.3/unit for FY26, backed by long-term MSAs with WALE of ~16 years. Growth drivers include 5G rollout, data consumption surge, and MNO expansion adding 366k macro tenancies expected by FY31.

Likely market impact

The strong 25% revenue growth with near-full NDCF distribution signals stable unitholder returns, while the AAA rating and low leverage provide balance sheet strength. However, Q4 revenue growth moderated to 0.8% YoY, suggesting potential near-term margin pressure.