Azure Power (AZRE) Misses Q2 EPS by 4c, Revenues Miss; Maintains FY19 Revenue Guidance Above Consensus
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Azure Power Announces Results for Fiscal Second Quarter 2019
November 13, 2018 4:30 PM ESTEBENE, Mauritius--(BUSINESS WIRE)-- Azure Power Global Limited (NYSE: AZRE), a leading independent solar power producer in India, today announced its consolidated results under United States Generally Accepted Accounting Principles (GAAP) for the fiscal second quarter ended September 30, 2018.
Fiscal Second Quarter 2019 Period Ended September 30, 2018 Operating Highlights:
Operating Megawatts (MW) were 1,018 MW as of September 30, 2018, an increase of 27% over September 30, 2017. Operating & Committed Megawatts were 3,059 MW as of September 30, 2018, an increase of 122% over September 30, 2017. Revenue for the quarter was INR 2,225.7 million (US$ 30.7 million), an... More