AZREF (Azure Power Global) Net Margin %: -15.70% (As of Mar. 2024)


AZREF Azure Power Global Ltd AZREF
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What is Azure Power Global Net Margin %?

Azure Power Global AZREF 12 Net Margin % is -15.70% as of Mar. 2024. GuruFocus rates AZREF with a GF Score™ of 12/100.

Net margin is calculated as Net Income divided by its Revenue. Azure Power Global's Net Income for the six months ended in Mar. 2024 was $-40.3 Mil. Azure Power Global's Revenue for the six months ended in Mar. 2024 was $256.6 Mil. Therefore, Azure Power Global's net margin for the quarter that ended in Mar. 2024 was -15.70%.

The historical rank and industry rank for Azure Power Global's Net Margin % or its related term are showing as below:


AZREF's Net Margin % is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 6.115
* Ranked among companies with meaningful Net Margin % only.

Azure Power Global  (OTCPK:AZREF) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Azure Power Global Net Margin % Related Terms

Azure Power Global Net Margin % Historical Data

* Premium members only.

The historical data trend for Azure Power Global's Net Margin % 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 Net Margin % Chart

Azure Power Global Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -17.51 -27.61 -11.47 -11.01 -15.70

Azure Power Global Semi-Annual Data
Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -17.51 -27.61 -11.47 -11.01 -15.70

AZREF vs SAFX, VGAS, STEM: Net Margin % Comparison

For the Utilities - Renewable subindustry, Azure Power Global's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Azure Power Global's Net Margin % falls into.


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

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

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

Net Margin=Net Income (A: Mar. 2024 )/Revenue (A: Mar. 2024 )
=-40.291/256.645
=-15.70 %

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

Net Margin=Net Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=-40.291/256.645
=-15.70 %

* 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.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of -15.70% mean?
Azure Power Global (AZREF) has a Net Margin % of -15.70% as of Mar. 2024. Net margin is the ratio of total net income to net sales. View historical data on Azure Power Global and its competitors.
Is Azure Power Global's Net Margin % too high?
Azure Power Global's current Net Margin % is -15.70%. 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 Net Margin % compare to SAFX and VGAS?
Azure Power Global's Net Margin % of -15.70% can be compared against companies in the Utilities - Independent Power Producers industry. The industry median Net Margin % is 6.12. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Utilities - Independent Power Producers company?
The median Net Margin % among Utilities - Independent Power Producers companies is 6.12, based on 422 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Azure Power Global and its competitors. For the Utilities - Independent Power Producers industry, the median Net Margin % is 6.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azure Power Global's current Net Margin % is -15.70%. 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 Net Margin % of -15.70%. The current Net Margin % is -15.70%. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Azure Power Global (AZREF), the current Net Margin % is -15.70% 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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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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