AZREF (Azure Power Global) Gross Profit: $233.6 Mil (TTM As of Mar. 2024)

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AZREF Azure Power Global Ltd AZREF
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What is Azure Power Global Gross Profit?

Azure Power Global AZREF 12 Gross Profit is $233.6 Mil as of Mar. 2024. GuruFocus rates AZREF with a GF Score™ of 12/100.

Azure Power Global's gross profit for the six months ended in Mar. 2024 was $233.6 Mil. Azure Power Global's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $233.6 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Azure Power Global's gross profit for the six months ended in Mar. 2024 was $233.6 Mil. Azure Power Global's Revenue for the six months ended in Mar. 2024 was $256.6 Mil. Therefore, Azure Power Global's Gross Margin % for the quarter that ended in Mar. 2024 was 91.00%.

Azure Power Global had a gross margin of 91.00% for the quarter that ended in Mar. 2024 => Durable competitive advantage

Azure Power Global  (OTCPK:AZREF) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Azure Power Global had a gross margin of 91.00% for the quarter that ended in Mar. 2024 => Durable competitive advantage

Azure Power Global Gross Profit Related Terms

Azure Power Global Gross Profit Historical Data

* Premium members only.

The historical data trend for Azure Power Global's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Azure Power Global Gross Profit Chart

Azure Power Global Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 158.45 191.91 219.77 230.02 233.55

Azure Power Global Semi-Annual Data
Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 158.45 191.91 219.77 230.02 233.55

AZREF vs SAFX, VGAS, STEM: Gross Profit Comparison

For the Utilities - Renewable subindustry, Azure Power Global's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Azure Power Global Gross Profit vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Azure Power Global's Gross Profit distribution charts can be found below:

* The bar in red indicates where Azure Power Global's Gross Profit falls into.


AZREF
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Azure Power Global Ltd AZREF
Gross Profit is just one metric. See GF Score™, valuation, warning signs, and more.
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Azure Power Global Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Azure Power Global's Gross Profit for the fiscal year that ended in Mar. 2024 is calculated as

Gross Profit (A: Mar. 2024 )=Revenue - Cost of Goods Sold
=256.645 - 23.091
=233.6

Azure Power Global's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )=Revenue - Cost of Goods Sold
=256.645 - 23.091
=233.6

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 was $233.6 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Azure Power Global's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=233.6 / 256.645
=91.00 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Profit →
What does a Gross Profit of $233.6 Mil mean?
Azure Power Global (AZREF) has a Gross Profit of $233.6 Mil as of Mar. 2024. Gross Profit equals net sales less total cost of goods sold. View historical data on Azure Power Global and its competitors.
Is Azure Power Global's Gross Profit too high?
Azure Power Global's current Gross Profit is $233.6 Mil. Overall, Azure Power Global has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Azure Power Global's Gross Profit compare to SAFX and VGAS?
Azure Power Global's Gross Profit of $233.6 Mil can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Profit for an Utilities - Independent Power Producers company?
A good Gross Profit depends on the Utilities - Independent Power Producers industry context. However, Gross Profit should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on Azure Power Global and its competitors. Azure Power Global's current Gross Profit is $233.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azure Power Global stock overvalued right now?
Azure Power Global (AZREF) has a current Gross Profit of $233.6 Mil. The current Gross Profit is $233.6 Mil. Azure Power Global's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For Azure Power Global (AZREF), the current Gross Profit is $233.6 Mil as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Azure Power Global Business Description

Address Phase II, 8th Floor, Tower A, DLF Infinity, Cyber City, Gurugram, HR, IND, 122002
Azure Power Global Ltd is a utility-scale renewable energy project developer and operator. It is engaged in the development, construction, ownership, operation, maintenance, and management of renewable energy assets based on long-term contracts (Power Purchase Agreements or PPA) with Indian Government energy distribution companies, as well as other Indian non-governmental energy distribution companies and commercial customers.
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Gross Profit is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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