Azure Power Global Limited (AZREF)

Azure Power Global Income Statement

Financials in millions INR. Fiscal year is April - March.

Year	2022	2021	2020	2019	2018
Revenue	20,748	246.16	205.24	182.75	141.92
Revenue Growth (YoY)	8328.80%	19.94%	12.31%	28.77%	18.81%
Cost of Revenue	1,825	70.65	60.12	56.5	42.98
Gross Profit	18,923	175.51	145.12	126.25	98.94
Selling, General & Admin	4,777	27.74	40.25	33.45	18.78
Other Operating Expenses	30	-4.93	-5.16	-4.51	140
Operating Expenses	8,801	32.67	45.41	37.97	18.78
Operating Income	8,843	142.84	99.71	88.29	80.16
Interest Income	1,668	10.36	7.91	7.95	13.33
Interest Expense	9,644	178.46	125.68	125.25	91.8
Other Expense / Income	489	-9.76	39.77	-0.27	-1.62
Pretax Income	341	-15.8	-57.76	-29.7	4.16
Income Tax	2,663	12.74	-1.17	3.26	2.18
Net Income	-2,285	-28.24	-56.66	-32	1.12
Shares Outstanding (Basic)	-	51	48	43	34
Shares Outstanding (Diluted)	-	51	49	44	35
Shares Change	-	3.15%	11.46%	26.73%	34.44%
EPS (Basic)	-	-0.56	-1.18	-0.74	0.03
EPS (Diluted)	-	-0.56	-1.15	-0.72	0.03
Free Cash Flow	2,004	-487.09	-187.81	-207.12	-342.26
Free Cash Flow Per Share	-	-9.57	-3.81	-4.68	-9.80
Gross Margin	91.20%	71.30%	70.71%	69.08%	69.72%
Operating Margin	42.62%	58.03%	48.58%	48.31%	56.48%
Profit Margin	-11.01%	-11.47%	-27.61%	-17.51%	0.79%
Free Cash Flow Margin	9.66%	-197.88%	-91.51%	-113.34%	-241.16%
Effective Tax Rate	780.94%	-	-	-	52.46%
EBITDA	15,445	192.06	142.84	128.62	110.71
EBITDA Margin	74.44%	78.02%	69.60%	70.38%	78.01%
Depreciation & Amortization	4,024	49.22	43.13	40.34	30.56
EBIT	11,421	142.84	99.71	88.29	80.16
EBIT Margin	55.05%	58.03%	48.58%	48.31%	56.48%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.