Azure Power Global Limited
Azure Power Global Limited (AZRE) Financial Performance & Income Statement Overview
Access detailed quarterly and annual financial reports for Azure Power Global Limited (AZRE), covering cash flow, earnings, and balance sheets.
Azure Power Global Limited (AZRE) Income Statement & Financial Overview
View the income breakdown for Azure Power Global Limited AZRE across both annual and quarterly reports.
| Metric | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|
| Revenue | $5.05B | $5.05B | $5.60B | $5.60B |
| Cost of Revenue | $505.00M | $505.00M | $453.50M | $453.50M |
| Gross Profit | $4.55B | $4.55B | $5.15B | $5.15B |
| Gross Profit Ratio | $0.90 | $0.90 | $0.92 | $0.92 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $1.81B | $1.81B | $1.38B | $1.38B |
| Operating Expenses | $2.94B | $2.94B | $2.87B | $2.87B |
| Total Costs & Expenses | $3.45B | $3.45B | $3.32B | $3.32B |
| Interest Income | $0.00 | $0.00 | $2.61B | $2.61B |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 |
| Depreciation & Amortization | $1.18B | $1.18B | $1.17B | $1.17B |
| EBITDA | $2.76B | $2.76B | $3.79B | $3.79B |
| EBITDA Ratio | $0.55 | $0.55 | $0.68 | $0.68 |
| Operating Income | $1.61B | $1.61B | $2.28B | $2.62B |
| Operating Income Ratio | $0.32 | $0.32 | $0.41 | $0.47 |
| Other Income/Expenses (Net) | -$2.89B | -$2.89B | -$2.61B | -$2.61B |
| Income Before Tax | -$1.28B | -$1.28B | -$327.00M | -$327.00M |
| Income Before Tax Ratio | -$0.25 | -$0.25 | -$0.06 | -$0.06 |
| Income Tax Expense | $78.50M | $78.50M | $169.50M | $169.50M |
| Net Income | -$1.16B | -$1.16B | -$508.50M | -$508.50M |
| Net Income Ratio | -$0.23 | -$0.23 | -$0.09 | -$0.09 |
| EPS | -$18.14 | -$18.14 | -$7.93 | -$7.93 |
| Diluted EPS | -$18.14 | -$18.14 | -$7.92 | -$7.92 |
| Weighted Avg Shares Outstanding | $64.17M | $64.17M | $64.16M | $64.16M |
| Weighted Avg Shares Outstanding (Diluted) | $64.17M | $64.17M | $64.17M | $64.17M |
The company's financials show resilient growth, with revenue advancing from $5.60B in Q1 2024 to $5.05B in Q4 2024. Gross profit remained healthy with margins at 90% in Q4 2024 compared to 92% in Q1 2024. Operating income hit $1.61B last quarter, sustaining a consistent 32% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at $2.76B. Net income rose to -$1.16B, while earnings per share reached -$18.14. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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