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
Azure Power Global Limited (AZREF) · Income Statement
Annual, quarterly, or TTM views · SEC 10-K & 10-Q via FMP · adjust period and M/B/T below.
FMP · AZREF · as of 2026-06-08
Financial statements
Revenue · Gross Profit · Net Income
| Breakdown | 2025-03 | 2024-03 | 2023-03 | 2022-03 | 2021-03 |
|---|---|---|---|---|---|
| Revenue | |||||
| Revenue | $20.52B | $21.31B | $20.75B | $18.34B | $15.24B |
| Cost of Revenue | $1.81B | $1.92B | $1.82B | $0.07B | $0.06B |
| Gross Profit | $18.71B | $19.39B | $18.92B | $0.18B | $0.15B |
| Gross Margin %(computed) | 91.16% | 91.00% | 91.20% | 0.96% | 0.95% |
| Operating Expenses | |||||
| R&D Expenses | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| G&A Expenses | $6.69B | $6.38B | $4.78B | $2.07B | $2.99B |
| Total Operating Expenses | $11.60B | $11.62B | $10.08B | $5.65B | $9.45B |
| Operating Income | $7.11B | $7.77B | $8.84B | $11.09B | $4.53B |
| Operating Margin %(computed) | 34.66% | 36.47% | 42.62% | 60.47% | 29.73% |
| Interest Income | $0.00B | $0.87B | $1.67B | $0.01B | $0.00B |
| Interest Expense | $10.17B | $11.90B | $9.64B | $9.58B | $8.40B |
| Income Before Tax | ($3.58B) | ($3.22B) | $0.34B | ($0.81B) | ($3.90B) |
| Income Tax Expense | $0.46B | $0.18B | $2.66B | $1.32B | $0.30B |
| Net Income | ($3.13B) | ($3.35B) | ($2.29B) | ($2.10B) | ($4.21B) |
| Net Margin %(computed) | -15.26% | -15.70% | -11.01% | -11.47% | -27.61% |
| Per Share & EBITDA | |||||
| EPS (Basic) | $-48.80 | $-52.13 | $-35.61 | $-41.36 | $-87.66 |
| Wtd Avg Shares | 0.06B | 0.06B | 0.06B | 0.05B | 0.05B |
| EBITDA | $12.12B | $13.11B | $14.01B | $12.43B | $7.70B |
| EBITDA Margin %(computed) | 59.03% | 61.51% | 67.52% | 67.79% | 50.51% |
Data source: Financial Modeling Prep · Last updated: 2026-06-08 · INR · B
Explore more Azure Power Global Limited data
About Azure Power Global Limited (AZREF) Income Statement
Azure Power Global Limited (AZREF) income statement data is sourced from SEC Form 10-K and 10-Q filings. For fiscal year 2025, AZREF reported revenue of $20.52B, gross profit of $18.71B (gross margin 91.16%), and net income of ($3.13B) — a net profit margin of -15.26%.
Frequently asked questions
AZREF · 4 questionsAzure Power Global Limited (AZREF) reported revenue of $20.52B for 2025, down 3.7% year-over-year.
AZREF revenueAZREF salesannual revenue YoYincome statement
· Source: FMP /stable/income-statement · SEC EDGAR Form 10-K & 10-Q · As of 2026-06-08