Azure Power Investor Presentation
Cash Flow to Equity (CFe)
For the quarter ended
September 30, 2019
For the quarter ended
September 30, 2020
Azure Power
(US $ million)
Operating
Others
Total
Operating
Others
Total
Sale of power
Cost of operations
General and administrative
Adjusted EBITDA
38.7
38.7
47.6
47.6
3.4
3.4
4.2
4.2
1.3
5.7
7.0
2.7
9.2
11.9
34.0
(5.7)
28.3
40.7
(9.2)
31.5
Depreciation and amortization
9.0
0.1
9.1
10.3
0.2
10.5
Operating income
25.0
(5.8)
19.2
30.4
(9.4)
21.0
Interest expense, net
22.3
3.9
26.2
25.5
2.0
27.5
Other Income
(0.1)
(0.1)
Loss/(gain) on foreign currency exchange, net
1.9
1.0
2.9
(0.2)
(0.0)
(0.2)
Profit before Income Tax
0.8
(10.6)
(9.8)
5.1
(11.4)
(6.3)
Add: Depreciation
9.0
0.1
9.1
10.3
0.2
10.5
Add: Foreign exchange loss, net
1.9
1.0
2.9
(0.2)
(0.0)
(0.2)
Add: Ancillary cost of borrowing
2.4
0.4
2.8
2.2
(1.2)
1.0
Add: Other items from the Statement of Cash Flows (1)
1.1
0.7
1.8
1.3
7.2
8.5
Less: Cash paid for income taxes
(1.0)
0.3
(0.7)
(1.8)
(0.8)
(2.6)
Less: Debt Amortization (2)
(4.6)
(4.6)
(2.4)
(2.4)
Less: Maintenance Capital expenditure(3)
CFe
9.6(4)
(8.1)
1.5(4)
14.5
(5.9)
8.6
All amounts for the quarter 2020 and 2019 have been translated at an exchange rate- INR 73.54 to US$1 (New York closing rate of September 30, 2020).
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