GROUP HIGHLIGHTS

Financial highlights

  • Free cash flow post growth capex at ₹ 11,572 Crore, driven by operating performance and working capital initiatives
  • Net debt reduced by ₹ 6,254 Crore; cash and cash equivalents of ₹ 52,666 Crore
  • Revenues at ₹ 63,931 Crore, EBITDA at ₹ 15,012 Crore EBITDA margin of 30%1
  • Attributable PAT (pre-exceptional) at ₹ 2,910 Crore
  • Exceptional items include a non-cash impairment charge of ₹ 12,304 Crore largely relating to impairment of Cairn India acquisition goodwill
  • Contribution of c. ₹ 20,600 Crore to the Indian Exchequer during the year, in the form of taxes, duties, royalties and profit petroleum

1 Excludes custom smelting at Zinc and Copper India operations

Operational highlights

  • Record annual production of zinc, lead, silver, aluminium, power and copper cathodes
  • Commenced ramp-up of capacities at Aluminium, Power and Iron Ore businesses
  • Entire power portfolio of 9,000 MW operational in March 2016
  • Successful ramp-up of Mangala Enhanced Oil Recovery Program
  • Achieved exit run rate production of 0.8 mt per month at Goa Iron Ore operations
  • Strong cost performance, with lower cost of production across all businesses

Navin Agarwal
CHAIRMAN

Vedanta has delivered strong operational performance in FY 2015-16 with relentless focus on cost discipline and improved productivity across all our operations that enabled us to deliver strong earnings and record cash flow. As a result, your company reduced debt and strengthened its ability to withstand volatility in the tough and challenging commodities market during the year. Vedanta achieved all of this while maintaining a disciplined approach to capital expenditure and cost optimisation.

I am proud of the significant progress that we have made in improving our operational efficiency and optimising costs. This is part of a continuous journey and we will take further steps over the coming year, leveraging the adoption of new technologies and encouraging a culture of innovation among our people.

KEY HIGHLIGHTS

₹ 63,931 Cr

REVENUE

₹ 15,012 Cr

EBITDA

₹ 11,572 Cr

FREE CASH FLOW POST GROWTH CAPEX

1.75 Mn

PEOPLE BENEFITED THROUGH COMMUNITY DEVELOPMENT PROGRAMMES