To confirm if your NTP server's are using Azure Host Hardware Clock you will SSH into your VM's and use
chronyc utility to check.
Checking using Bosh SSH (pre stemcell 621.280)
ubuntu@ps-manager-2:~$ bosh -d pivotal-telemetry-om-0f3ab9e0e04286e5a590 ssh -c 'sudo chronyc tracking' -r
Using environment '10.0.4.10' as client 'ops_manager'
Using deployment 'pivotal-telemetry-om-0f3ab9e0e04286e5a590'
Task 605. Done
Instance telemetry-centralizer/9bbc9b84-671c-4a6c-aa68-37d0bc7428bb
Stdout Reference ID : 80.72.67.48 (PHC0) <--- PHC0 Signifies HW Clock
Stratum : 1
Ref time (UTC) : Thu Nov 17 19:37:12 2022
System time : 0.000011328 seconds fast of NTP time
Last offset : +0.000012041 seconds
RMS offset : 0.000011771 seconds
Frequency : 5.033 ppm slow
Residual freq : +0.163 ppm
Skew : 1.054 ppm
Root delay : 0.000000 seconds
Root dispersion : 0.000012 seconds
Update interval : 8.0 seconds
Leap status : Normal
-----------------------------------------
Checking using Bosh SSH (post stemcell 621.280)
ubuntu@ps-manager-2:~$ bosh -d pivotal-telemetry-om-0f3ab9e0e04286e5a590 ssh -c 'sudo chronyc tracking' -r
Using environment '10.0.4.10' as client 'ops_manager'
Using deployment 'pivotal-telemetry-om-0f3ab9e0e04286e5a590'
Task 613. Done
Instance telemetry-centralizer/9bbc9b84-671c-4a6c-aa68-37d0bc7428bb
Stdout Reference ID : 40.119.6.228 (40.119.6.228) <-- time.windows.com resolved IP
Stratum : 4
Ref time (UTC) : Thu Nov 17 19:48:54 2022
System time : 0.000259912 seconds slow of NTP time
Last offset : -0.000374316 seconds
RMS offset : 0.000476770 seconds
Frequency : 7.006 ppm slow
Residual freq : -0.176 ppm
Skew : 16.972 ppm
Root delay : 0.064504 seconds
Root dispersion : 0.033181 seconds
Update interval : 64.1 seconds
Leap status : Normal