Altius Telecom share price & financials

India's largest independent telecom InvIT, leasing 258,000+ towers, IBS and small-cell sites to telcos.

Price: ₹169.99
Market cap: ₹53.3k Cr
Sector: Telecommunication
Calls analysed: 2

Latest concall · Q4 FY26 · call held 31 Mar 2026

Q4 FY26 earnings call

What Altius Telecom does

Altius Telecom Infrastructure Trust is a SEBI-registered Infrastructure Investment Trust, sponsored by Brookfield, that owns and operates India's largest independent portfolio of passive telecom infrastructure - macro towers, in-building solutions (IBS) and small cells - leased to mobile network operators, enterprises and digital service providers under long-term Master Service Agreements. It earns Infrastructure Provisioning fees from telecom operators who co-locate equipment on its sites, with revenue predictability driven by long lease tenures and built-in contractual escalations. The portfolio is held through three operating SPVs: Summit Digitel (anchor-tenant towers under a long-term MSA with Reliance Jio), Elevar Digitel (formerly ATC India, a multi-operator tower network) and Crest Digitel (IBS and small-cell infrastructure for urban densification).

Segments

Macro Towers - Summit Digitel
Macro Towers - Elevar Digitel
IBS & Small Cells - Crest Digitel

Pan-India towers, IBS & small-cell sites: 258,000+
Total tenancies: 315,000+
Average tenancy ratio: 1.2x
Telecom circles covered: 22
Full-time employees: 1,370+
Operating SPVs: 3 (Summit Digitel, Elevar Digitel, Crest Digitel)

Headquarters Mumbai, Maharashtra, India Company website

Guidance record · Q4 FY26

what the last two calls moved 5 tracked 0 delivered 5 missed 0 open

Revenue CAGR went quiet said Q2 FY26 Promised: 4% to 7% Q4 FY26: No update provided in the Q4 FY26 excerpt.

All 5 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue down 0.1%, net profit up 65.2% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
Revenue	4,022	6,014	5,939	6,030	6,080 +51%	6,034 +0%	6,021 +1%	6,025 −0%
Expenses	2,447	3,467	3,514	3,573	3,596	3,542	3,503	3,470
EBITDA	1,576	2,546	2,426	2,457	2,484 +58%	2,492 −2%	2,518 +4%	2,555 +4%
Margin	39%	42%	41%	41%	41%	41%	42%	42%
Other income	41	58	57	66	100	48	42	80
Interest	771	1,124	1,096	1,082	1,073	1,062	1,073	1,083
Depreciation	619	1,213	1,200	1,174	1,178	1,131	1,114	1,093
Profit before tax	227	268	187	267	334 +47%	347 +29%	373 +99%	459 +72%
Tax rate	7%	18%	11%	15%	16%	16%	17%	18%
Net profit	210	220	167	227	280 +33%	290 +32%	310 +86%	375 +65%
EPS	0.69	0.72	0.55	0.74	0.92	0.95	1.02	1.23

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +17.5% 1Y

1Y: ₹148.95 on 5 Sept 2025 → ₹175. High ₹179.75 (7 Sept 2026), low ₹142 (30 Sept 2025).

How the price took the results

close before → close after

Q4 FY26: −0.6%; 31 Mar
Q2 FY26: −0.7%; 13 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 36.9% a year over 2 years, FY24 to FY26. Operating margin widened to 41.2%.

Year ending	FY24	FY25	FY26
Revenue	₹12.9k Cr	₹19.5k Cr	₹24.2k Cr
Operating profit	₹4.9k Cr	₹7.9k Cr	₹10.0k Cr
Operating margin	37.7%	40.4%	41.2%
Interest	₹2.5k Cr	₹3.6k Cr	₹4.3k Cr
Depreciation	₹1.7k Cr	₹3.5k Cr	₹4.6k Cr
Net profit	₹1.1k Cr	₹840 Cr	₹1.1k Cr
Net margin	8.7%	4.3%	4.6%
ROCE	8.0%	8.0%	9.0%

How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year ending	FY21	FY22	FY23	FY24	FY25	FY26
Equity capital	₹25.2k Cr	₹26.1k Cr	₹26.1k Cr	₹26.1k Cr	₹30.6k Cr	₹32.8k Cr
Reserves	₹-5.1k Cr	₹-6.8k Cr	₹-9.1k Cr	₹-12.7k Cr	₹-17.3k Cr	₹-21.3k Cr
Borrowings	₹18.2k Cr	₹22.0k Cr	₹29.6k Cr	₹31.4k Cr	₹51.5k Cr	₹52.7k Cr
Other liabilities	₹3.2k Cr	₹4.4k Cr	₹4.7k Cr	₹4.9k Cr	₹9.3k Cr	₹9.3k Cr
Total liabilities	₹41.4k Cr	₹45.7k Cr	₹51.3k Cr	₹49.7k Cr	₹74.0k Cr	₹73.5k Cr
Fixed assets	₹38.0k Cr	₹42.0k Cr	₹42.1k Cr	₹45.7k Cr	₹64.4k Cr	₹63.1k Cr
Capital work in progress	₹2 Cr	₹54 Cr	₹49 Cr	₹52 Cr	₹123 Cr	₹142 Cr
Investments	₹0 Cr	₹137 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr
Other assets	₹3.4k Cr	₹3.4k Cr	₹9.2k Cr	₹3.9k Cr	₹9.4k Cr	₹10.2k Cr
Total assets	₹41.4k Cr	₹45.7k Cr	₹51.3k Cr	₹49.7k Cr	₹74.0k Cr	₹73.5k Cr

How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

All earnings calls (2)

Read the Q4 FY26 call →

Learn to analyse Altius Telecom

Guides on how to read this kind of business and the numbers that matter.