Azure Power (AZRE) Misses Q1 EPS by 3c, Beat on Revenues

Azure Power (NYSE: AZRE) reported Q1 EPS of $0.09, $0.03 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $29.1 million versus the consensus estimate of $27.95 million.

First Quarter 2018 Period Ended June 30, 2017 Operating Highlights:

• Operating & Committed Megawatts were 1,069 MW, as of June 30, 2017, an increase of 11% over June 30, 2016.
• Revenue for the quarter was 1,877.9 million (US$ 29.1 million), an increase of 84% over the quarter ended June 30, 2016.
• Adjusted EBITDA for the quarter was INR 1,469.3 million (US$ 22.7 million), an increase of 89% over the quarter ended June 30, 2016.

For earnings history and earnings-related data on Azure Power (AZRE) click here.

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