Azure Power Global Limited

AZREFOTCUtilities● Active

$0.97

$-0.03(-3.00%)

Market Cap$62241369

P/E Ratio—

52W High$1.5

52W Low$0.01

Avg Volume10K

Open$1.00

Beta0.36

Net Income Financials Revenue

Azure Power Global Limited (AZREF) Net Income & Profit History

Annual & trailing net income, net margin, YoY change, and peer profitability context.

AZREF · net income · updated Jun 8, 2026

Core profitability metrics

AZREF · net income · margin · TTM · CAGR

Net income was −$3.13B for FY2025 (fiscal year ending 2025-03-31), up 6.4% year-over-year. Net profit margin was -15.3%. Based on available data, Azure Power Global Limited has been profitable since at least 2019.

FY2025 Net Income−$3.13B▲ +6.4% YoY

Trailing 12M (TTM)−$3.35Btrailing 4 quarters sum

Net Profit Margin-15.3%−$3.13B ÷ $20.52B

YoY Change+6.4%—

5-Year CAGRN/AN/A — contains loss years

FormulaNet Margin = Net Income ÷ Revenue × 100TTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /income-statement · US GAAP · USDUpdated: Jun 8, 2026

Annual net income history

Net Income (bars) · Net Profit Margin % (line)

Net IncomeNet LossNet Margin %★ First Profit: 2019

▸ FMP /income-statement · Annual · AZREF net income history · AZREF profit margin

Annual net income data

AZREF · net income history · annual / quarterly

Fiscal YearNet IncomeYoY ChangeNet MarginRevenue

FY2025Loss−$3.13B▲ +6.4%-15.3%$20.52B

FY2024Loss−$3.35B▼ 46.4%-15.7%$21.31B

FY2023Loss−$2.29B▼ 8.6%-11.0%$20.75B

FY2022Loss−$2.10B▲ +50.0%-11.5%$18.34B

FY2021Loss−$4.21B▼ 13043.7%-27.6%$15.24B

Net income vs peers (Utilities)

AZREF vs peers · net income

#CompanyNet IncomeYoYNet MarginRelative

Azure Power Global LimitedYOU

AZREF

−$3.13B+6.4%-15.3%

Loss

Duke Energy Corporation

Constellation Energy Corporation

CEG

$2.32B-38.1%9.1%

34%

Utilities · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

Azure Power Global Limited (AZREF) reported net income of −$3.13B for FY2025 (fiscal year ending 2025-03-31), up 6.4% year-over-year. The net profit margin was -15.3% — meaning the company kept $-0.15 of every dollar of revenue as profit.

Based on available data, Azure Power Global Limited has been profitable since at least 2019. Net income reached a peak of $1.1M in FY2019. Data available for 12 fiscal years.

Azure Power Global Limited's net profit margin was -15.3% for FY2025, based on the latest annual results.

Investors sometimes search for "Azure Power Global Limited net worth" — the company's market capitalization is a separate figure from AZREF net income. Data sourced from FMP /income-statement · US GAAP · USD.

Figures tie to SEC 10-K/10-Q and FMP /income-statement where noted.

Revenue Financial statements Earnings Forecast Price history Market cap Free cash flow

Frequently asked questions

AZREF net income · 4 questions

Azure Power Global Limited is not currently profitable on an annual basis. The company reported a net loss of $3.13B for FY2025.

is AZREF profitabledoes AZREF make a profitAZREF profitabilityAZREF profitable company

▸ Source: FMP /income-statement · GAAP · Azure Power Global Limited · Azure Power Global Limited SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026