Azure Power Global Limited

OTCPK:AZRE.F Stock Report

Market Cap: US$64.2m

Azure Power Global Past Earnings Performance

Past criteria checks 0/6

Azure Power Global has been growing earnings at an average annual rate of 6.4%, while the Renewable Energy industry saw earnings growing at 11.3% annually. Revenues have been declining at an average rate of 3.7% per year.

Key information

6.40%

Earnings growth rate

6.40%

EPS growth rate

Renewable Energy Industry Growth-5.84%
Revenue growth rate-3.68%
Return on equity-10.13%
Net Margin-15.26%
Last Earnings Update31 Mar 2025

Recent past performance updates

Recent updates

Seeking Alpha • Feb 16

Azure Power receives NYSE grant of extension FOR delayed filing of annual report

Azure Power Global (NYSE:AZRE) said it had received a letter the New York Stock Exchange stating that it had agreed to provide the Company with an additional trading period through July 15, subject to reassessment on an ongoing basis, to complete and file the Company's annual report on Form 20-F. The NYSE notified the company that it would closely monitor the Company's progress with the milestones and timing submitted to the NYSE. Failure to achieve these interim milestones could result in accelerated trading suspension prior to the end of the July 15. Press Release
Seeking Alpha • Mar 10

Assured Growth With Azure

Q3 2022 was a big Quarter for Azure who beat on both Revenue and EPS. We also got great news on their MW capacity build and Plant Load Factors that should lead to estimate beating results. The Indian renewable market hasn't been without its difficulties, however  remedies are underway and Azure is positioned to ride the renewable wave.
Analysis Article • Dec 07

Azure Power Global (NYSE:AZRE) Hasn't Managed To Accelerate Its Returns

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article • Aug 21

Azure Power Global (NYSE:AZRE) Shareholders Will Want The ROCE Trajectory To Continue

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • May 08

Azure Power Global (NYSE:AZRE) Might Have The Makings Of A Multi-Bagger

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article • Feb 27

What Type Of Shareholders Own The Most Number of Azure Power Global Limited (NYSE:AZRE) Shares?

The big shareholder groups in Azure Power Global Limited ( NYSE:AZRE ) have power over the company. Large companies...
Analysis Article • Jan 23

What Do The Returns At Azure Power Global (NYSE:AZRE) Mean Going Forward?

What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...
Analysis Article • Jul 12

What We Make Of Azure Power Global's (NYSE:AZRE) Returns On Capital

What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...
Analysis Article • Jun 16

Azure Power Global Limited (NYSE:AZRE) Analysts Are Cutting Their Estimates: Here's What You Need To Know

It's been a good week for Azure Power Global Limited (NYSE:AZRE) shareholders, because the company has just released...

Revenue & Expenses Breakdown

How Azure Power Global makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OTCPK:AZRE.F Revenue, expenses and earnings (INR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2520,523-3,1316,6920
31 Mar 2421,307-3,3456,3760
31 Dec 2321,448-2,2165,5290
30 Sep 2321,588-1,0884,6810
30 Jun 2321,168-1,6864,7290
31 Mar 2320,748-2,2854,7770
31 Dec 2220,591-4,1384,9520
30 Sep 2219,878-4,6964,1460
30 Jun 2219,083-3,9023,0660
31 Mar 2218,341-2,1042,0670
31 Dec 2117,577-3,0106960
30 Sep 2116,618-3,5012,1820
30 Jun 2115,736-3,5542,7190
31 Mar 2115,236-4,2062,9880
31 Dec 2014,640-1,7793,6110
30 Sep 2014,166-2,0372,6200
30 Jun 2013,509-2,4082,3590
31 Mar 2012,958-2,2692,4220
31 Dec 1912,130-1,6782,1840
30 Sep 1911,514-1931,8810
30 Jun 1910,8932481,6090
31 Mar 199,926781,3060
31 Dec 189,33811,1750
30 Sep 188,647-1931,1560
30 Jun 188,245-9781,0930
31 Mar 187,701-8271,1880
31 Dec 176,759-1,3059820
30 Sep 175,968-1,7887960
30 Jun 175,039-9348750
31 Mar 174,183-1,4537970
31 Dec 163,633-2,0007760
30 Sep 163,332-2,2897360
30 Jun 163,078-2,8886850
31 Mar 162,626-3,0286730
31 Dec 152,216-2,6116660
30 Sep 151,847-2,2536060
30 Jun 151,430-2,1405100

Quality Earnings: AZRE.F is currently unprofitable.

Growing Profit Margin: AZRE.F is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if AZRE.F's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare AZRE.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AZRE.F is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (-8.3%).

Return on Equity

High ROE: AZRE.F has a negative Return on Equity (-10.13%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/10 01:16
End of Day Share Price 2026/05/07 00:00
Earnings2025/03/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Azure Power Global Limited is covered by 8 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Moses SuttonBarclays
Moses SuttonBarclays
Akil MarshBrean Capital Historical (Janney Montgomery)