Azure Power Announces Results for Fiscal Third Quarter 2020
Azure Power Global Limited Equity Shares (AZRE)
Last azure power global limited equity shares earnings: 2/11 04:31 pm
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Source: PR Newswire
EBENE, Mauritius, Feb. 11, 2020 /PRNewswire/ -- 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 third quarter 2020, period ended December 31, 2019.Fiscal Third Quarter 2020 Period Ended December 31, 2019 Operating Highlights:Operating Megawatts ("MW") were 1,804 MW, as of December 31, 2019, an increase of 54% over December 31, 2018. Operating and Committed Megawatts were 5,300 MW as of quarter ended December 31, 2019, an increase of 73% over the quarter ended December 31, 2018. Subsequent to the end of the quarter, the Company secured orders to exit Letter of Awards ("LOAs") for 150 MW of projects, for which Power Purchase Agreement ("PPA") were not signed. Revenue for the quarter ended December 31, 2019 was INR 3,047.3 million (US$ 42.6 million), an increase of 25% over the quarter ended Decembe
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