Private company

Azure Power Global Ltd

Last updated Oct 16, 2026.

Overview

$252.4MRevenue, fiscal 20232
-$28.3MNet income, fiscal 20232
  • IndustryElectric Services
  • HeadquartersCA
  • Incorporated inCA3
  • Business address5Th Floor, Southern Park, D-Ii, Saket Place, Saket, New Delhi, K7 1100173
  • Filer categoryAccelerated filer3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

42.6%Operating margin2
-11.2%Net margin2
4.4%Revenue growth, 20232
-6.7%Return on equity2
3.27×Debt to equity2

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue9¢$22.2M
  • Other costs78¢$197.8M
  • Income tax13¢$32.4M

Out of $252.4M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2023

  • Kept or used elsewhere100¢$96.7M

Out of $96.7M of cash from operations.2

Financial statements

Revenue456782$252.4M in 2023+113% since 2018
0$100.0M$200.0M$300.0M2018: $118.3M$118.3M20182019: $143.5M$143.5M2019+21%2020: $171.9M$171.9M2020+20%2021: $208.3M$208.3M2021+21%2022: $241.7M$241.7M2022+16%2023: $252.4M$252.4M2023+4%
Operating income9456782$107.5M in 2023+255% since 2017
0$50.0M$100.0M$150.0M2017: $30.3M$30.3M20172018: $60.5M$60.5M2018+100%2019: $81.1M$81.1M2019+34%2020: $86.5M$86.5M2020+7%2021: $61.9M$61.9M2021−28%2022: $146.3M$146.3M2022+136%2023: $107.5M$107.5M2023−27%
Net income9456782-$28.3M in 2023+57% since 2017
-$60.0M-$40.0M-$20.0M0$20.0M2017: -$18.1M-$18.1M20172018: -$12.6M-$12.6M2018−30%2019: $1.1M$1.1M20192020: -$30.0M-$30.0M20202021: -$57.2M-$57.2M2021+91%2022: -$27.8M-$27.8M2022−51%2023: -$28.3M-$28.3M2023+2%
Fiscal year20162017201820192020202120222023
Revenue$118.3M4$143.5M5$171.9M6$208.3M7$241.7M8$252.4M2
Cost of revenue$10.6M4$12.6M5$15.2M6$17.2M7$21.0M8$22.2M2
Operating income$30.3M9$60.5M4$81.1M5$86.5M6$61.9M7$146.3M8$107.5M2
Interest$42.6M9$89.8M4$86.1M5$113.1M6$123.0M7
Income tax$13.8M9-$3.9M4$2.2M5$6.5M6$4.0M7$17.3M8$32.4M2
Net income-$18.1M9-$12.6M4$1.1M5-$30.0M6-$57.2M7-$27.8M8-$28.3M2
Earnings per share$0.035-$0.706-$1.207-$0.558-$0.432
Earnings per share (diluted)$0.035-$0.706-$1.207-$0.558-$0.432

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Recent filings

  1. Mar 28, 202420-F ANNUAL REPORT
  2. Mar 28, 20246-K
  3. Mar 21, 20246-K
  4. Mar 15, 20246-K
  5. Mar 11, 20246-K REPORT OF FOREIGN PRIVATE ISSUER
  6. Mar 4, 20246-K REPORT OF FOREIGN PRIVATE ISSUER
  7. Feb 21, 20246-K
  8. Feb 16, 20246-K REPORT OF FOREIGN PRIVATE ISSUER
  9. Feb 9, 20246-K
  10. Dec 8, 20236-K REPORT OF FOREIGN PRIVATE ISSUER
  11. Nov 28, 20236-K REPORT OF FOREIGN PRIVATE ISSUER
  12. Nov 13, 20236-K REPORT OF FOREIGN PRIVATE ISSUER
  13. Nov 1, 20236-K
  14. Oct 12, 20236-K
  15. Oct 12, 202320-F ANNUAL REPORT

Every filing from the last three years, summarized. The full record is on SEC EDGAR.1

Sources

The numbers on this page point here. Each one links to the record it came from.

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