Azure Power Global Ltd
NYSE:AZRE
Income Statement
Earnings Waterfall
Azure Power Global Ltd
Revenue
|
17.6B
INR
|
Cost of Revenue
|
-1.5B
INR
|
Gross Profit
|
16.1B
INR
|
Operating Expenses
|
-4.5B
INR
|
Operating Income
|
11.6B
INR
|
Other Expenses
|
-14.6B
INR
|
Net Income
|
-3B
INR
|
Income Statement
Azure Power Global Ltd
Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||
Revenue |
1 124
N/A
|
1 430
+27%
|
1 847
+29%
|
2 216
+20%
|
2 626
+19%
|
3 078
+17%
|
3 332
+8%
|
3 633
+9%
|
4 183
+15%
|
5 039
+20%
|
5 968
+18%
|
6 759
+13%
|
7 701
+14%
|
8 245
+7%
|
8 647
+5%
|
9 338
+8%
|
9 926
+6%
|
10 893
+10%
|
11 514
+6%
|
12 130
+5%
|
12 958
+7%
|
13 509
+4%
|
14 166
+5%
|
14 640
+3%
|
15 236
+4%
|
15 736
+3%
|
16 618
+6%
|
17 577
+6%
|
|
Gross Profit | |||||||||||||||||||||||||||||
Cost of Revenue |
(80)
|
(96)
|
(123)
|
(153)
|
(191)
|
(242)
|
(275)
|
(308)
|
(376)
|
(463)
|
(532)
|
(607)
|
(692)
|
(737)
|
(768)
|
(829)
|
(869)
|
(948)
|
(1 025)
|
(1 073)
|
(1 146)
|
(1 112)
|
(1 168)
|
(1 207)
|
(1 261)
|
(1 343)
|
(1 389)
|
(1 471)
|
|
Gross Profit |
1 044
N/A
|
1 334
+28%
|
1 724
+29%
|
2 063
+20%
|
2 436
+18%
|
2 835
+16%
|
3 057
+8%
|
3 324
+9%
|
3 807
+15%
|
4 576
+20%
|
5 436
+19%
|
6 152
+13%
|
7 009
+14%
|
7 509
+7%
|
7 879
+5%
|
8 509
+8%
|
9 057
+6%
|
9 945
+10%
|
10 489
+5%
|
11 058
+5%
|
11 812
+7%
|
12 397
+5%
|
12 998
+5%
|
13 433
+3%
|
13 975
+4%
|
14 393
+3%
|
15 229
+6%
|
16 106
+6%
|
|
Operating Income | |||||||||||||||||||||||||||||
Operating Expenses |
(748)
|
(909)
|
(1 128)
|
(1 266)
|
(1 361)
|
(1 469)
|
(1 591)
|
(1 701)
|
(1 844)
|
(2 106)
|
(2 243)
|
(2 653)
|
(3 070)
|
(3 217)
|
(3 414)
|
(3 435)
|
(3 451)
|
(3 816)
|
(4 156)
|
(4 691)
|
(5 281)
|
(5 248)
|
(5 709)
|
(6 772)
|
(6 190)
|
(6 302)
|
(5 867)
|
(4 511)
|
|
Selling, General & Administrative |
(426)
|
(510)
|
(623)
|
(666)
|
(673)
|
(685)
|
(736)
|
(776)
|
(797)
|
(875)
|
(796)
|
(982)
|
(1 187)
|
(1 201)
|
(1 263)
|
(1 283)
|
(1 314)
|
(1 609)
|
(1 876)
|
(2 171)
|
(2 421)
|
(2 257)
|
(2 615)
|
(3 598)
|
(2 988)
|
(3 036)
|
(2 514)
|
(1 019)
|
|
Depreciation & Amortization |
(323)
|
(399)
|
(504)
|
(600)
|
(688)
|
(784)
|
(855)
|
(925)
|
(1 047)
|
(1 231)
|
(1 447)
|
(1 672)
|
(1 882)
|
(2 016)
|
(2 151)
|
(2 152)
|
(2 137)
|
(2 207)
|
(2 280)
|
(2 520)
|
(2 860)
|
(2 991)
|
(3 094)
|
(3 174)
|
(3 202)
|
(3 266)
|
(3 353)
|
(3 492)
|
|
Operating Income |
296
N/A
|
425
+44%
|
596
+40%
|
797
+34%
|
1 075
+35%
|
1 367
+27%
|
1 466
+7%
|
1 624
+11%
|
1 964
+21%
|
2 471
+26%
|
3 193
+29%
|
3 499
+10%
|
3 939
+13%
|
4 291
+9%
|
4 465
+4%
|
5 075
+14%
|
5 606
+10%
|
6 129
+9%
|
6 333
+3%
|
6 367
+1%
|
6 531
+3%
|
7 149
+9%
|
7 289
+2%
|
6 661
-9%
|
7 785
+17%
|
8 091
+4%
|
9 362
+16%
|
11 595
+24%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||
Interest Income Expense |
(731)
|
(1 026)
|
(1 511)
|
(1 699)
|
(1 965)
|
(2 198)
|
(2 016)
|
(2 115)
|
(2 066)
|
(2 290)
|
(4 191)
|
(4 604)
|
(5 214)
|
(5 657)
|
(4 743)
|
(4 837)
|
(5 315)
|
(5 648)
|
(6 296)
|
(7 703)
|
(8 510)
|
(9 079)
|
(8 948)
|
(8 403)
|
(8 417)
|
(8 505)
|
(8 785)
|
(9 386)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3 255)
|
(3 281)
|
(3 295)
|
(3 446)
|
|
Total Other Income |
(401)
|
(426)
|
(315)
|
(227)
|
(437)
|
(501)
|
(501)
|
(501)
|
(197)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
24
|
132
|
131
|
123
|
90
|
(18)
|
(20)
|
(11)
|
(16)
|
|
Pre-Tax Income |
(836)
N/A
|
(1 026)
-23%
|
(1 230)
-20%
|
(1 128)
+8%
|
(1 327)
-18%
|
(1 332)
0%
|
(1 051)
+21%
|
(993)
+6%
|
(299)
+70%
|
181
N/A
|
(998)
N/A
|
(1 105)
-11%
|
(1 275)
-15%
|
(1 366)
-7%
|
(278)
+80%
|
237
N/A
|
291
+23%
|
482
+65%
|
37
-92%
|
(1 313)
N/A
|
(1 848)
-41%
|
(1 800)
+3%
|
(1 536)
+15%
|
(1 652)
-8%
|
(3 905)
-136%
|
(3 715)
+5%
|
(2 729)
+27%
|
(1 253)
+54%
|
|
Net Income | |||||||||||||||||||||||||||||
Tax Provision |
(253)
|
(214)
|
(154)
|
(137)
|
(328)
|
(313)
|
(286)
|
(486)
|
(892)
|
(934)
|
(857)
|
(371)
|
140
|
54
|
(91)
|
(305)
|
(153)
|
(202)
|
(215)
|
(389)
|
(489)
|
(662)
|
(538)
|
(152)
|
(296)
|
165
|
(753)
|
(1 751)
|
|
Income from Continuing Operations |
(1 089)
|
(1 240)
|
(1 384)
|
(1 265)
|
(1 655)
|
(1 645)
|
(1 337)
|
(1 478)
|
(1 192)
|
(753)
|
(1 855)
|
(1 477)
|
(1 135)
|
(1 312)
|
(369)
|
(67)
|
139
|
279
|
(179)
|
(1 702)
|
(2 337)
|
(2 462)
|
(2 074)
|
(1 804)
|
(4 201)
|
(3 550)
|
(3 482)
|
(3 004)
|
|
Income to Minority Interest |
6
|
10
|
(1)
|
(10)
|
(25)
|
(32)
|
(47)
|
(22)
|
(25)
|
(68)
|
108
|
180
|
195
|
221
|
63
|
(45)
|
(60)
|
(32)
|
(14)
|
24
|
68
|
55
|
37
|
25
|
(5)
|
(4)
|
(19)
|
(6)
|
|
Net Income (Common) |
(1 083)
N/A
|
(1 230)
-14%
|
(1 385)
-13%
|
(1 275)
+8%
|
(1 680)
-32%
|
(1 677)
+0%
|
(1 384)
+17%
|
(1 501)
-8%
|
(1 217)
+19%
|
(821)
+33%
|
(1 747)
-113%
|
(1 297)
+26%
|
(827)
+36%
|
(978)
-18%
|
(193)
+80%
|
1
N/A
|
78
+12 967%
|
248
+216%
|
(193)
N/A
|
(1 678)
-769%
|
(2 269)
-35%
|
(2 408)
-6%
|
(2 037)
+15%
|
(1 779)
+13%
|
(4 206)
-136%
|
(3 554)
+16%
|
(3 501)
+1%
|
(3 010)
+14%
|
|
EPS (Diluted) |
-46.09
N/A
|
-52.34
-14%
|
-58.93
-13%
|
-54.26
+8%
|
-71.49
-32%
|
-71.34
+0%
|
-58.89
+17%
|
-57.94
+2%
|
-46.98
+19%
|
-30.97
+34%
|
-67.2
-117%
|
-49.88
+26%
|
-31.81
+36%
|
-36.36
-14%
|
-7.43
+80%
|
0.02
N/A
|
2.31
+11 450%
|
6.02
+161%
|
-4.46
N/A
|
-39.58
-787%
|
-47.67
-20%
|
-49.54
-4%
|
-42.44
+14%
|
-36.99
+13%
|
-87.29
-136%
|
-72.95
+16%
|
-72.63
+0%
|
-62.38
+14%
|