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Azure Power Global Limited

$0.6 -$0.40 (-40.00%)

OTC · 15 Sep 2026 16:40 UTC

Previous Close

$0.6

Day Range

$0.6 - $0.6

Year Range

$0.01$1.5

Market Cap

38.5M

AVG Volume

3.55K

Trailing/Forward PE

-1.18/-

PEG ratio

0.01

Dividend Yield

Next Earnings Date

2026-12-14

Primary Exchange

Other OTC

Revenue (INR) · TTM

AZREF Revenue (INR) · TTM by quarter
Period	Revenue (INR) · TTM
24 Q4	21.31B
24 Q3	21.45B
24 Q2	21.59B
24 Q1	21.17B
22 Q4	246.09M
22 Q3	237.76M
22 Q2	3.7B
22 Q1	7.14B
21 Q4	11.02B
21 Q3	14.64B

Net Income (INR) · TTM

AZREF Net Income (INR) · TTM by quarter
Period	Net Income (INR) · TTM
24 Q4	-3.35B
24 Q3	-2.22B
24 Q2	-1.09B
24 Q1	-1.69B
22 Q4	-27.87M
22 Q3	-41.11M
22 Q2	-1.12B
22 Q1	-1.48B
21 Q4	-1.45B
21 Q3	-1.78B

Operating Income (INR) · TTM

AZREF Operating Income (INR) · TTM by quarter
Period	Operating Income (INR) · TTM
24 Q4	8.11B
24 Q3	9.11B
24 Q2	10.11B
24 Q1	10.06B
22 Q4	147.83M
22 Q3	156.86M
22 Q2	883.83M
22 Q1	2.38B
21 Q4	4.9B
21 Q3	6.65B

EBITDA (INR) · TTM

AZREF EBITDA (INR) · TTM by quarter
Period	EBITDA (INR) · TTM
24 Q4	13.11B
24 Q3	14.11B
24 Q2	15.11B
24 Q1	14.67B
22 Q4	12.81B
22 Q3	11.63B
22 Q2	9.4B
22 Q1	8.03B
21 Q4	7.71B
21 Q3	9.63B

Cash Flows (INR) · TTM

AZREF Cash Flows (INR) · TTM by quarter
Period	Cash Flows (INR) · TTM
24 Q4	2.95B
24 Q3	4.45B
24 Q2	5.95B
24 Q1	3.98B
22 Q4	-482.36M
22 Q3	-317.67M
22 Q2	-5.45B
22 Q1	-7.72B
21 Q4	-10.05B
21 Q3	-8.16B

EPS (INR) · TTM

AZREF EPS (INR) · TTM by quarter
Period	EPS (INR) · TTM
24 Q4	-52.12
24 Q3	-34.53
24 Q2	-16.94
24 Q1	-26.27
22 Q4	-0.55
22 Q3	-0.83
22 Q2	-23.21
22 Q1	-30.76
21 Q4	-30.15
21 Q3	-37.11

Expenses (INR) · TTM

AZREF Expenses (INR) · TTM by quarter
Period	Expenses (INR) · TTM
24 Q4	6.77B
24 Q3	6.72B
24 Q2	6.68B
24 Q1	8.7B
22 Q4	571.12M
22 Q3	406.07M
22 Q2	7.6B
22 Q1	13.73B
21 Q4	15.86B
21 Q3	16.47B

Shares Outstanding (INR) · TTM

AZREF Shares Outstanding (INR) · TTM by quarter
Period	Shares Outstanding (INR) · TTM
24 Q4	2M
24 Q3	-320M
24 Q2	-642M
24 Q1	-6.5M
22 Q4	297M
22 Q3	1.22B
22 Q2	-286M
22 Q1	-1.05B
21 Q4	-1B
21 Q3	-1.92B

Employee Count

AZREF Employee Count by quarter
Period	Employee Count
2023	427
2022	427
2021	471
2020	605
2019	654
2018	539
2017	401

Free Cash Flow Yield

AZREF Free Cash Flow Yield by quarter
Period	Free Cash Flow Yield
Sep 26	80.2%
Sep 26	43.75%
Sep 26	48.66%
Aug 26	48.21%
Aug 26	48.05%
Aug 26	48.18%
Aug 26	48.29%
Jul 26	48.2%
Jul 26	47.62%
Jul 26	47.76%
Jul 26	48.21%
Jul 26	48.2%
Jun 26	48.75%
Jun 26	48.74%
Jun 26	48.34%
Jun 26	48.43%
May 26	48.4%
May 26	48.05%
May 26	47.91%
May 26	48.67%
May 26	48.46%
Apr 26	39.04%
Apr 26	49.66%
Apr 26	49.41%
Apr 26	49.44%
Mar 26	48.52%
Mar 26	49.09%
Mar 26	49.71%
Mar 26	49.53%
Feb 26	36.34%
Feb 26	50.7%
Feb 26	50.8%
Feb 26	50.77%
Jan 26	50.17%
Jan 26	50.17%
Jan 26	50.71%
Jan 26	50.96%
Jan 26	51.1%
Dec 25	51.23%
Dec 25	171.13%
Dec 25	203.1%
Dec 25	51.14%
Nov 25	36.76%
Nov 25	51.32%
Nov 25	51.87%
Nov 25	51.87%
Oct 25	51.82%
Oct 25	52.37%
Oct 25	52.27%
Oct 25	51.81%
Oct 25	51.83%
Sep 25	51.87%
Sep 25	348%
Sep 25	52.09%
Sep 25	43.47%
Aug 25	237.14%
Aug 25	263.3%
Aug 25	350.33%
Aug 25	350.52%
Aug 25	70.29%
Jul 25	132.94%
Jul 25	106.76%
Jul 25	107.2%
Jul 25	107.68%
Jun 25	107.63%
Jun 25	106.23%
Jun 25	106.81%
Jun 25	107.25%
May 25	107.57%
May 25	107.98%
May 25	71.65%
May 25	59.7%
May 25	108.64%
Apr 25	107.6%
Apr 25	59.78%
Apr 25	59.37%
Apr 25	44.74%
Mar 25	59.61%
Mar 25	42.68%
Mar 25	58.66%
Mar 25	58.54%
Feb 25	52.49%
Feb 25	37.89%
Feb 25	52.95%
Feb 25	69.76%
Jan 25	105.96%
Jan 25	71.03%
Jan 25	68.48%
Jan 25	213.02%
Jan 25	356.86%
Dec 24	143.32%
Dec 24	72.09%
Dec 24	108.33%
Dec 24	108.57%
Nov 24	155.33%
Nov 24	72.6%
Nov 24	72.63%
Nov 24	72.65%
Nov 24	69.23%
Oct 24	84.11%

Price to Sales

AZREF Price to Sales by quarter
Period	Price to Sales
Sep 26	0.17
Sep 26	0.32
Sep 26	0.28
Aug 26	0.29
Aug 26	0.29
Aug 26	0.29
Aug 26	0.29
Jul 26	0.29
Jul 26	0.29
Jul 26	0.29
Jul 26	0.29
Jul 26	0.29
Jun 26	0.28
Jun 26	0.28
Jun 26	0.29
Jun 26	0.29
May 26	0.29
May 26	0.29
May 26	0.29
May 26	0.28
May 26	0.29
Apr 26	0.35
Apr 26	0.28
Apr 26	0.28
Apr 26	0.28
Mar 26	0.29
Mar 26	0.28
Mar 26	0.28
Mar 26	0.28
Feb 26	0.38
Feb 26	0.27
Feb 26	0.27
Feb 26	0.27
Jan 26	0.28
Jan 26	0.28
Jan 26	0.27
Jan 26	0.27
Jan 26	0.27
Dec 25	0.27
Dec 25	0.08
Dec 25	0.07
Dec 25	0.27
Nov 25	0.38
Nov 25	0.27
Nov 25	0.27
Nov 25	0.27
Oct 25	0.27
Oct 25	0.26
Oct 25	0.26
Oct 25	0.27
Oct 25	0.27
Sep 25	0.27
Sep 25	0.04
Sep 25	0.27
Sep 25	0.32
Aug 25	0.06
Aug 25	0.05
Aug 25	0.04
Aug 25	0.04
Aug 25	0.2
Jul 25	0.1
Jul 25	0.13
Jul 25	0.13
Jul 25	0.13
Jun 25	0.13
Jun 25	0.13
Jun 25	0.13
Jun 25	0.13
May 25	0.13
May 25	0.13
May 25	0.19
May 25	0.23
May 25	0.13
Apr 25	0.13
Apr 25	0.23
Apr 25	0.23
Apr 25	0.31
Mar 25	0.23
Mar 25	0.32
Mar 25	0.24
Mar 25	0.24
Feb 25	0.26
Feb 25	0.37
Feb 25	0.26
Feb 25	0.2
Jan 25	0.13
Jan 25	0.19
Jan 25	0.2
Jan 25	0.06
Jan 25	0.04
Dec 24	0.1
Dec 24	0.19
Dec 24	0.13
Dec 24	0.13
Nov 24	0.09
Nov 24	0.19
Nov 24	0.19
Nov 24	0.19
Nov 24	0.2
Oct 24	0.16

EV/EBITDA

AZREF EV/EBITDA by quarter
Period	EV/EBITDA
Sep 26	9.38
Sep 26	9.62
Sep 26	9.57
Aug 26	9.57
Aug 26	9.57
Aug 26	9.57
Aug 26	9.57
Jul 26	9.57
Jul 26	9.58
Jul 26	9.58
Jul 26	9.57
Jul 26	9.57
Jun 26	9.57
Jun 26	9.57
Jun 26	9.57
Jun 26	9.57
May 26	9.57
May 26	9.57
May 26	9.57
May 26	9.57
May 26	9.57
Apr 26	9.68
Apr 26	9.56
Apr 26	9.56
Apr 26	9.56
Mar 26	9.57
Mar 26	9.56
Mar 26	9.56
Mar 26	9.56
Feb 26	9.72
Feb 26	9.55
Feb 26	9.55
Feb 26	9.55
Jan 26	9.55
Jan 26	9.55
Jan 26	9.55
Jan 26	9.55
Jan 26	9.54
Dec 25	9.54
Dec 25	9.24
Dec 25	9.21
Dec 25	9.54
Nov 25	9.72
Nov 25	9.54
Nov 25	9.54
Nov 25	9.54
Oct 25	9.54
Oct 25	9.53
Oct 25	9.53
Oct 25	9.54
Oct 25	9.54
Sep 25	9.54
Sep 25	9.17
Sep 25	9.54
Sep 25	9.62
Aug 25	9.2
Aug 25	9.19
Aug 25	9.17
Aug 25	9.17
Aug 25	9.42
Jul 25	9.27
Jul 25	9.31
Jul 25	9.31
Jul 25	9.31
Jun 25	9.31
Jun 25	9.32
Jun 25	9.31
Jun 25	9.31
May 25	9.31
May 25	9.31
May 25	9.42
May 25	9.48
May 25	9.31
Apr 25	9.31
Apr 25	9.48
Apr 25	9.48
Apr 25	9.61
Mar 25	9.48
Mar 25	9.63
Mar 25	9.49
Mar 25	9.49
Feb 25	9.53
Feb 25	9.7
Feb 25	9.53
Feb 25	9.43
Jan 25	9.32
Jan 25	9.42
Jan 25	9.43
Jan 25	9.21
Jan 25	9.17
Dec 24	9.26
Dec 24	9.42
Dec 24	9.31
Dec 24	9.31
Nov 24	9.25
Nov 24	9.41
Nov 24	9.41
Nov 24	9.41
Nov 24	9.43
Oct 24	9.37

Price/Operating Cashflow

AZREF Price/Operating Cashflow by quarter
Period	Price/Operating Cashflow
Sep 26	1.1
Sep 26	2.02
Sep 26	1.81
Aug 26	1.83
Aug 26	1.84
Aug 26	1.83
Aug 26	1.83
Jul 26	1.83
Jul 26	1.85
Jul 26	1.85
Jul 26	1.83
Jul 26	1.83
Jun 26	1.81
Jun 26	1.81
Jun 26	1.82
Jun 26	1.82
May 26	1.82
May 26	1.84
May 26	1.84
May 26	1.81
May 26	1.82
Apr 26	2.26
Apr 26	1.78
Apr 26	1.79
Apr 26	1.78
Mar 26	1.82
Mar 26	1.8
Mar 26	1.77
Mar 26	1.78
Feb 26	2.43
Feb 26	1.74
Feb 26	1.74
Feb 26	1.74
Jan 26	1.76
Jan 26	1.76
Jan 26	1.74
Jan 26	1.73
Jan 26	1.73
Dec 25	1.72
Dec 25	0.52
Dec 25	0.43
Dec 25	1.72
Nov 25	2.4
Nov 25	1.72
Nov 25	1.7
Nov 25	1.7
Oct 25	1.7
Oct 25	1.68
Oct 25	1.69
Oct 25	1.7
Oct 25	1.7
Sep 25	1.7
Sep 25	0.25
Sep 25	1.69
Sep 25	2.03
Aug 25	0.37
Aug 25	0.34
Aug 25	0.25
Aug 25	0.25
Aug 25	1.26
Jul 25	0.66
Jul 25	0.83
Jul 25	0.82
Jul 25	0.82
Jun 25	0.82
Jun 25	0.83
Jun 25	0.83
Jun 25	0.82
May 25	0.82
May 25	0.82
May 25	1.23
May 25	1.48
May 25	0.81
Apr 25	0.82
Apr 25	1.48
Apr 25	1.49
Apr 25	1.97
Mar 25	1.48
Mar 25	2.07
Mar 25	1.5
Mar 25	1.51
Feb 25	1.68
Feb 25	2.33
Feb 25	1.67
Feb 25	1.26
Jan 25	0.83
Jan 25	1.24
Jan 25	1.29
Jan 25	0.41
Jan 25	0.25
Dec 24	0.62
Dec 24	1.22
Dec 24	0.81
Dec 24	0.81
Nov 24	0.57
Nov 24	1.22
Nov 24	1.21
Nov 24	1.21
Nov 24	1.27
Oct 24	1.05

Price to Book

AZREF Price to Book by quarter
Period	Price to Book
Sep 26	0.11
Sep 26	0.21
Sep 26	0.18
Aug 26	0.19
Aug 26	0.19
Aug 26	0.19
Aug 26	0.19
Jul 26	0.19
Jul 26	0.19
Jul 26	0.19
Jul 26	0.19
Jul 26	0.19
Jun 26	0.18
Jun 26	0.18
Jun 26	0.19
Jun 26	0.19
May 26	0.19
May 26	0.19
May 26	0.19
May 26	0.18
May 26	0.19
Apr 26	0.23
Apr 26	0.18
Apr 26	0.18
Apr 26	0.18
Mar 26	0.19
Mar 26	0.18
Mar 26	0.18
Mar 26	0.18
Feb 26	0.25
Feb 26	0.18
Feb 26	0.18
Feb 26	0.18
Jan 26	0.18
Jan 26	0.18
Jan 26	0.18
Jan 26	0.18
Jan 26	0.18
Dec 25	0.18
Dec 25	0.05
Dec 25	0.04
Dec 25	0.18
Nov 25	0.24
Nov 25	0.18
Nov 25	0.17
Nov 25	0.17
Oct 25	0.17
Oct 25	0.17
Oct 25	0.17
Oct 25	0.17
Oct 25	0.17
Sep 25	0.17
Sep 25	0.03
Sep 25	0.17
Sep 25	0.21
Aug 25	0.04
Aug 25	0.03
Aug 25	0.03
Aug 25	0.03
Aug 25	0.13
Jul 25	0.07
Jul 25	0.08
Jul 25	0.08
Jul 25	0.08
Jun 25	0.08
Jun 25	0.08
Jun 25	0.08
Jun 25	0.08
May 25	0.08
May 25	0.08
May 25	0.13
May 25	0.15
May 25	0.08
Apr 25	0.08
Apr 25	0.15
Apr 25	0.15
Apr 25	0.2
Mar 25	0.15
Mar 25	0.21
Mar 25	0.15
Mar 25	0.15
Feb 25	0.17
Feb 25	0.24
Feb 25	0.17
Feb 25	0.13
Jan 25	0.08
Jan 25	0.13
Jan 25	0.13
Jan 25	0.04
Jan 25	0.03
Dec 24	0.06
Dec 24	0.12
Dec 24	0.08
Dec 24	0.08
Nov 24	0.06
Nov 24	0.12
Nov 24	0.12
Nov 24	0.12
Nov 24	0.13
Oct 24	0.11

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Azure Power Global Limited

Video analysis: AZREF

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