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So far, network upgrades have helped Vodafone Idea hold onto more users—especially in places like Maharashtra, Gujarat, and Kerala.
Last quarter, it reported a hefty net profit of ₹51,970 crore (thanks mostly to a one-time gain), with revenue at ₹11,332 crore and an EBITDA margin of 43.1%.
To fuel future growth, it's lining up ₹25,000 crore in loans from SBI-led banks and pushing for more users to switch from old-school feature phones to smartphones.