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) · Cash Flow
Annual, quarterly, or TTM views · SEC 10-K & 10-Q via FMP · adjust period and M/B/T below.
FMP · AZREF · as of 2026-06-10
Financial statements
Operating CF · CapEx · Free Cash Flow
| Breakdown | 2025-03 | 2024-03 | 2023-03 | 2022-03 | 2021-03 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | ($3.13B) | ($3.40B) | ($2.32B) | ($0.03B) | ($0.06B) |
| Depreciation & Amort. | $5.34B | $4.62B | $4.02B | $0.05B | $0.04B |
| Stock-Based Comp. | ($0.02B) | ($0.00B) | ($0.63B) | ($0.29B) | $1.00B |
| Change in Working Capital | $4.54B | ($0.68B) | $0.95B | ($0.02B) | ($0.01B) |
| Net Cash from Operations | $7.21B | $3.34B | $7.96B | $4.60B | $4.98B |
| Investing Activities | |||||
| Capital Expenditure | ($0.46B) | ($0.39B) | ($5.95B) | ($0.55B) | ($0.25B) |
| Purchases of Investments | $0.00B | $0.00B | ($0.36B) | ($0.00B) | $0.00B |
| Sales of Investments | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| Net Cash from Investing | ($0.14B) | ($0.40B) | ($6.26B) | ($39.43B) | ($18.92B) |
| Financing Activities | |||||
| Common Stock Repurchased | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| Dividends Paid | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| Debt Issued / Repaid | ($4.97B) | ($7.63B) | ($4.12B) | $24.93B | $14.95B |
| Net Cash from Financing | ($5.07B) | ($7.63B) | ($4.12B) | $41.94B | $15.09B |
| Free Cash Flow | |||||
| Free Cash Flow | $6.75B | $2.94B | $2.00B | ($0.49B) | ($0.19B) |
| FCF Margin %(computed) | 32.90% | 13.79% | 9.66% | -2.66% | -1.23% |
Data source: Financial Modeling Prep · Last updated: 2026-06-10 · INR · B
Explore more Azure Power Global Limited data
About Azure Power Global Limited (AZREF) Cash Flow Statement
Azure Power Global Limited generated operating cash flow of $7.21B and free cash flow of $6.75B for 2025 — a FCF margin of 32.90%. Capital expenditure was ($0.46B).
Frequently asked questions
AZREF · 4 questionsAzure Power Global Limited generated free cash flow of $6.75B for 2025, up 129.7% year-over-year.
AZREF free cash flowFCF margincash flow yield
· Source: FMP /stable/cash-flow-statement · SEC EDGAR Form 10-K & 10-Q · As of 2026-06-10