Bharti Airtel Chief Executive Officer Gopal Vittal has termed Indus Towers a “very clearly undervalued asset” while addressing analysts during the company’s Q2 FY26 earnings call. The clarification came after analysts questioned Airtel’s decision to acquire an additional 5% stake in Indus Towers, despite already holding a controlling share.
Indus Towers, a key telecom infrastructure provider, has more than 50% ownership with Bharti Airtel. Vittal said the company remains a strong dividend-paying entity and a crucial part of Airtel’s infrastructure network.
“We see Indus as a very clearly undervalued asset, it is a strong dividend-paying Company, it is a vital infrastructure for us and therefore… we have taken an enabling provision to take up the stake there and at some point… we will look to activate that provision,” Vittal said. (Daily Kiran)
Indus Towers reported a 10% revenue growth in Q2 FY26, while its net profit fell 17% to ₹1,839 crore. With the rising demand for telecom infrastructure across India, Airtel anticipates strong long-term potential for the tower company.
Prachur Sah, Managing Director and CEO of Indus Towers, said the quarter’s performance was supported by steady tower additions and expanding market presence. He added that the company remains focused on cost efficiency and has also announced plans to expand into Africa to tap high-potential markets. (