Azure Power announces financial results for the fourth quarter of 2020

Azure Power has announced its financial results for the fourth quarter of the fiscal year ended March 31, 2020. The company has recorded a revenue of Rs 3,675 million, which is a 29 per cent increase over the same period of 2019. The company also recorded a net loss of Rs 394 million for the quarter ended March 31, 2020. Further, the firm’s operating capacity stood at 1,808 MW, as of March 31, 2020, which is an increase of 25 per cent over the capacity recorded on March 31, 2019. It also generated 868 million kWh of electricity during this quarter, an increase of 65 per cent over the previous year.

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