Azure Power Global Limited
Azure Power Global Limited (AZREF) Revenue
Annual & quarterly revenue history · segment & region breakdown
AZREF · revenue · updated Jun 8, 2026
Core revenue metrics
Trailing 12 monthsAzure Power Global Limited trailing twelve-month (TTM) revenue is $21.31B, a decrease of 3.68% year-over-year from $20.52B in FY2025.
Revenue trend
2025 – 2014 · AnnualRevenue history
| Fiscal year end | Revenue | Change | Growth |
|---|---|---|---|
| 2025-03-31 | $20.52B | -$0.78B | -3.68% |
| 2024-03-31 | $21.31B | +$0.56B | +2.69% |
| 2023-03-31 | $20.75B | +$2.41B | +13.12% |
| 2022-03-31 | $18.34B | +$3.10B | +20.38% |
| 2021-03-31 | $15.24B | +$15.05B | +8237.12% |
| 2020-03-31 | $0.18B | +$0.04B | +28.77% |
| 2019-03-31 | $0.14B | +$0.02B | +18.81% |
| 2018-03-31 | $0.12B | +$0.06B | +91.49% |
| 2017-03-31 | $0.06B | +$0.02B | +55.51% |
| 2016-03-31 | $0.04B | -$1.08B | -96.43% |
About Revenue & Reporting
Revenue (also called sales, net sales, or turnover) is the total income Azure Power Global Limited receives from its business operations before deducting any costs or expenses. It is the top line of the income statement. Unlike net income or earnings, revenue does not account for operating costs, taxes, interest, or depreciation.
Azure Power Global Limited reports revenue on a fiscal year ending Dec 31 basis under US GAAP, denominated in INR.
Data sourced from Azure Power Global Limited's 10-K and 10-Q SEC filings via Financial Modeling Prep.
Frequently asked questions
AZREF revenue · 4 questionsAZREF's trailing twelve-month (TTM) revenue is $21.31B. That is a decrease of 3.68% year-over-year from $20.52B in FY2025.
▸ Source: FMP · Azure Power Global Limited SEC filings · GAAP · Azure Power Global Limited SEC 10-K & 10-Q filings · US GAAP · Updated: Jun 8, 2026