Azure Power Global Limited (AZRE) — Financial statements
Income statement, balance sheet, and cash flow for Azure Power Global Limited — annual and quarterly history with growth and margin analysis.
| Metric (INR Millions) | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 15,236↑17.6% | 12,958↑30.5% | 9,926↑28.9% | 7,701↑84.1% | 4,183 | |
| Cost of Revenue | 1,261↑10.0% | 1,146↑31.9% | 869↑25.6% | 692↑84.1% | 376 | |
| Gross Profit | 13,975↑18.3% | 11,812↑30.4% | 9,057↑29.2% | 7,009↑84.1% | 3,807 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 2,988↑22.8% | 2,434↑85.3% | 1,314↑10.6% | 1,187↑49.0% | 797 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 2,988↑22.8% | 2,434↑85.3% | 1,314↑10.6% | 1,187↑49.0% | 797 | |
| Other Expenses | 3,202↑12.0% | 2,860↑33.8% | 2,137↑13.5% | 1,882↑79.9% | 1,047 | |
| Operating Expenses | 6,190↑16.9% | 5,294↑53.4% | 3,451↑12.4% | 3,070↑66.5% | 1,844 | |
| Total Costs & Expenses | 7,451↑15.7% | 6,440↑49.1% | 4,320↑14.8% | 3,762↑69.5% | 2,220 | |
| Operating Results | ||||||
| Operating Income | 7,767↑19.2% | 6,518↑16.3% | 5,606↑42.3% | 3,939↑100.6% | 1,963 | |
| Depreciation & Amortization | 3,202↑7.9% | 2,968↑38.9% | 2,137↑13.5% | 1,882↑79.9% | 1,047 | |
| EBITDA | 10,969↑20.8% | 9,082↑8.4% | 8,382↑26.0% | 6,653↑88.5% | 3,530 | |
| EBIT | 4,505↓26.3% | 6,114↓2.1% | 6,245↑36.7% | 4,569↑85.4% | 2,465 | |
| Interest & Other Income | ||||||
| Net Interest Income | -7,823↓5.7% | -7,398↓47.3% | -5,021↑5.9% | -5,335↓118.3% | -2,444 | |
| Interest Income | 587↑4.1% | 564↓39.5% | 932↑83.2% | 509↑58.9% | 320 | |
| Interest Expense | 8,410↑5.6% | 7,962↑33.7% | 5,954↑1.9% | 5,844↑111.4% | 2,764 | |
| Non-Operating Income | 25↓93.8% | 404↑163.3% | -639↓1.3% | -630↓25.7% | -501 | |
| Other Income / Expenses | -8,435↓0.8% | -8,366↓57.4% | -5,315↓1.9% | -5,214↓130.4% | -2,263 | |
| Income Before Tax | -3,905↓111.3% | -1,848↓734.4% | 291↑122.8% | -1,275↓326.1% | -299 | |
| Income Tax Expense | 296↓39.5% | 489↑220.0% | 153↑160.4% | -253↓128.3% | 892 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -4,201↓79.8% | -2,337↓3080.9% | 78↑109.6% | -821↑30.0% | -1,173 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -4,201↓79.8% | -2,337↓3080.9% | 78↑109.6% | -821↑30.0% | -1,173 | |
| Bottom-Line Net Income | -4,201↓79.8% | -2,337↓3080.9% | 78↑109.6% | -821↑30.0% | -1,173 | |
| EPS (Basic) | -87.56↓61.3% | -54.29↓2390.7% | 2.37↑107.5% | -31.60↑64.9% | -89.92 | |
| EPS (Diluted) | -87.56↓61.3% | -54.29↓2450.2% | 2.31↑107.3% | -31.60↑64.9% | -89.92 | |
| Weighted Average Shares | 48↑11.5% | 43↑30.2% | 33↑27.3% | 26↑99.2% | 13 | |
| Weighted Average Diluted Shares | 48↑11.5% | 43↑26.7% | 34↑30.8% | 26↑99.2% | 13 | |
* All figures in Millions of INR, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.