(Udaipur Kiran) Bharti Airtel CEO Gopal Vittal has termed Indus Towers a “very clearly undervalued asset” while addressing analysts during the company’s Q2 FY26 earnings call. Airtel, which already holds a controlling stake in Indus Towers, recently moved to acquire an additional 5% stake—prompting questions from analysts.

Responding to this, Vittal said Indus Towers is a strong dividend-paying company and a crucial part of Airtel’s infrastructure ecosystem. “It is a vital infrastructure for us and therefore, given all of these reasons, we have taken up the stake… and at some point based on how things play out, we will look to activate that provision,” he stated.

In Q2 FY26, Indus Towers reported a 10% revenue increase, though its net profit fell 17% to ₹1,839 crore. With rising demand for telecom infrastructure across India, Airtel expects strong long-term growth for the tower company. Indus has been consistently expanding its network footprint with steady tower additions.

Indus Towers MD & CEO Prachur Sah said the company delivered another quarter of solid performance supported by healthy tower additions and improved market presence. He also highlighted the announcement of Indus Towers’ plan to enter Africa, calling it a strategic move to extend the company’s capabilities to new high-potential markets.

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