Company research
Azure Power Global Ltd
CIK 1633438Updated Sep 26, 2026
Securities
Historical securities (1)
AZRE · NYSE_AMERICAN · equity · closed Jul 12, 2023AZRE price & chart
Historical security
This listing closed Jul 12, 2023. Live provider charts are shown only for current listings.
In the news
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Recent filings
No filing activity has been returned.
Financials
FY 2023 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 2,318,300,000Source | 2,512,600,000Source | 2,029,600,000Source | 1,756,400,000Source |
| Property, Plant and Equipment, NetUSD | 1,747,600,000Source | 1,902,400,000Source | 1,488,200,000Source | 1,273,400,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 154,700,000Source | 247,700,000Source | 151,800,000Source | 129,900,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 69,500,000Source | 79,600,000Source | 66,800,000Source | 59,200,000Source |
| Inventory, NetUSD | 200,000Source | — | — | — |
| Assets, CurrentUSD | 339,000,000Source | 404,400,000Source | 360,300,000Source | 275,300,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 20,000,000Source | 25,400,000Source | 29,900,000Source | 21,500,000Source |
| Operating Lease, Right-of-Use AssetUSD | 52,900,000Source | 58,900,000Source | 57,600,000Source | 58,800,000Source |
| Other Assets, NoncurrentUSD | 106,200,000Source | 68,400,000Source | 96,800,000Source | 107,700,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,886,000,000Source | 1,991,000,000Source | 1,695,300,000Source | 1,395,400,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Retained Earnings (Accumulated Deficit)USD | -214,100,000Source | -201,800,000Source | -174,800,000Source | -113,800,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -51,600,000Source | -33,000,000Source | -13,300,000Source | -25,700,000Source |
| Stockholders' Equity Attributable to ParentUSD | 424,700,000Source | 512,900,000Source | 331,500,000Source | 358,400,000Source |
| Additional Paid in Capital, Common StockUSD | 690,400,000Source | 747,700,000Source | 519,600,000Source | 497,900,000Source |
| Liabilities and EquityUSD | 2,318,300,000Source | 2,512,600,000Source | 2,029,600,000Source | 1,756,400,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 318,800,000Source | 350,900,000Source | 329,200,000Source | 122,300,000Source |
| Operating Lease, Liability, CurrentUSD | 3,600,000Source | 4,000,000Source | 3,900,000Source | 3,400,000Source |
| Accounts Payable, CurrentUSD | 18,300,000Source | 47,200,000Source | 58,700,000Source | 23,800,000Source |
| Operating Lease, Liability, NoncurrentUSD | 41,500,000Source | 46,600,000Source | 45,900,000Source | 47,600,000Source |
| Deferred Income Tax Liabilities, NetUSD | 40,600,000Source | 25,500,000Source | 28,000,000Source | 34,800,000Source |
| Other Liabilities, NoncurrentUSD | 800,000Source | 1,300,000Source | 19,500,000Source | 4,100,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 7,600,000Source | 8,700,000Source | 2,800,000Source | 2,600,000Source |
| Additional Financial Items | ||||
| Deferred Revenue, CurrentUSD | 3,700,000Source | 3,000,000Source | 1,500,000Source | 1,500,000Source |
| Deferred Revenue, NoncurrentUSD | 81,400,000Source | 71,400,000Source | 32,200,000Source | 28,200,000Source |
| Deferred Tax Liabilities, NetUSD | 40,600,000Source | — | 4,000,000Source | 5,600,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | 1,483,400,000Source | — | — |
| Long-term Debt, Current MaturitiesUSD | 114,500,000Source | 121,400,000Source | 63,700,000Source | 30,500,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 1,389,400,000Source | 1,483,400,000Source | 1,229,400,000Source | 1,148,600,000Source |
cash flow · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -28,300,000Source | -27,800,000Source | -57,200,000Source | -30,900,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | -7,700,000Source | -3,900,000Source | 13,700,000Source | 2,500,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 11,100,000Source | 13,900,000Source | 11,900,000Source | 18,300,000Source |
| Increase (Decrease) in InventoriesUSD | 200,000Source | — | — | — |
| Increase (Decrease) in Accounts PayableUSD | -12,100,000Source | 4,600,000Source | -2,400,000Source | 3,200,000Source |
| Deferred Income Tax Expense (Benefit)USD | 19,600,000Source | 6,000,000Source | -4,500,000Source | 2,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 96,700,000Source | 60,600,000Source | 68,300,000Source | 49,200,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -76,100,000Source | -519,700,000Source | -258,900,000Source | -242,700,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | 258,800,000Source | 243,600,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -50,100,000Source | 552,800,000Source | 206,200,000Source | 214,300,000Source |
| Repayments of Long-term DebtUSD | 24,900,000Source | 697,900,000Source | 144,500,000Source | 435,400,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | 15,600,000Source | 20,800,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 255,000,000Source | 307,200,000Source | 220,800,000Source | 205,800,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 119,000,000Source | 140,500,000Source | — | — |
| Income Taxes Paid, NetUSD | 12,000,000Source | 13,300,000Source | 6,700,000Source | 9,200,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 900,000Source | 500,000Source | — | — |
| Additional Financial Items | ||||
| Accretion ExpenseUSD | 1,000,000Source | 800,000Source | — | — |
| Amortization of Debt Issuance CostsUSD | 4,100,000Source | 14,600,000Source | 5,000,000Source | 9,400,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | 4,100,000Source | 14,600,000Source | — | — |
| Asset Retirement Obligation, Accretion ExpenseUSD | 1,000,000Source | 600,000Source | 600,000Source | 500,000Source |
| DepreciationUSD | 48,900,000Source | 48,000,000Source | 43,300,000Source | 37,200,000Source |
| Depreciation, Amortization and Accretion, NetUSD | 49,000,000Source | 48,300,000Source | 43,800,000Source | 37,900,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | — | 0Source | -1,400,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -1,900,000Source | 400,000Source | -100,000Source | -6,700,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | — | -200,000Source | -200,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | 300,000Source | 0Source | 200,000Source | -3,400,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -2,900,000Source | -2,200,000Source | -400,000Source | -700,000Source |
| General and Administrative ExpenseUSD | 58,100,000Source | 27,200,000Source | 40,900,000Source | 32,300,000Source |
| Income Tax Expense (Benefit)USD | 32,400,000Source | 17,300,000Source | 4,000,000Source | 6,500,000Source |
| Investment Income, InterestUSD | 500,000Source | — | 8,200,000Source | 7,500,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | — | -30,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -500,000Source | -300,000Source | 100,000Source | -900,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -27,800,000Source | -27,500,000Source | -57,300,000Source | -30,000,000Source |
| Nonoperating Income (Expense)USD | -103,400,000Source | -156,800,000Source | -115,100,000Source | -110,900,000Source |
| Operating Costs and ExpensesUSD | 144,900,000Source | 95,400,000Source | — | — |
| Other Nonoperating Income (Expense)USD | 400,000Source | 0Source | -200,000Source | — |
| Proceeds from Issuance of Common StockUSD | — | 245,400,000Source | 5,500,000Source | 70,700,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 252,400,000Source | 241,700,000Source | — | — |
| Share-based Payment Arrangement, Expensed and Capitalized, AmountUSD | — | 300,000Source | 100,000Source | 200,000Source |
income statement · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Total RevenueUSD | 252,400,000Source | 241,700,000Source | 208,300,000Source | 171,900,000Source |
| Cost of RevenueUSD | 22,200,000Source | 21,000,000Source | 17,200,000Source | 15,200,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | 107,500,000Source | 146,300,000Source | 61,900,000Source | 86,500,000Source |
| Other Nonoperating Income (Expense)USD | 400,000Source | 0Source | -200,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 4,100,000Source | -10,500,000Source | -53,200,000Source | -24,400,000Source |
| Income Tax Expense (Benefit)USD | 32,400,000Source | 17,300,000Source | 4,000,000Source | 6,500,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -500,000Source | -300,000Source | 100,000Source | -900,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | — | -30,000,000Source |
| Earnings Per Share, BasicUSD per share | -0.43Source | -0.55Source | -1.2Source | -0.7Source |
| Earnings Per Share, DilutedUSD per share | -0.43Source | -0.55Source | -1.2Source | -0.7Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 64,166,360Source | 50,876,360Source | 47,979,581Source | 43,048,026Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 64,166,360Source | 50,876,360Source | 47,979,581Source | 43,048,026Source |
| Additional Financial Items | ||||
| Costs and ExpensesUSD | — | — | 146,400,000Source | 85,400,000Source |
| Current Income Tax Expense (Benefit)USD | 8,600,000Source | 6,400,000Source | 3,300,000Source | 1,600,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 49,000,000Source | 48,300,000Source | 43,800,000Source | 37,900,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -1,900,000Source | 400,000Source | -100,000Source | -6,700,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | — | -200,000Source | -200,000Source |
| General and Administrative ExpenseUSD | 58,100,000Source | 27,200,000Source | 40,900,000Source | 32,300,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 4,100,000Source | 300,000Source | 100,000Source | 4,300,000Source |
| Interest ExpenseUSD | — | — | 123,000,000Source | 113,100,000Source |
| Interest Income (Expense), NetUSD | -101,900,000Source | -157,200,000Source | -114,800,000Source | -105,600,000Source |
| Interest Income, OtherUSD | — | — | 500,000Source | — |
| Investment Income, InterestUSD | 500,000Source | — | 8,200,000Source | 7,500,000Source |
| Investment Income, NetINR | 94,000,000Source | 1,200,000Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -27,800,000Source | -27,500,000Source | -57,300,000Source | -30,000,000Source |
| Nonoperating Income (Expense)USD | -103,400,000Source | -156,800,000Source | -115,100,000Source | -110,900,000Source |
| Operating Costs and ExpensesUSD | 144,900,000Source | 95,400,000Source | — | — |
| Other IncomeUSD | — | — | — | 1,400,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 252,400,000Source | 241,700,000Source | — | — |
| Share-based Payment Arrangement, Expensed and Capitalized, AmountUSD | — | 300,000Source | 100,000Source | 200,000Source |