Financial Highlights
Revenue of US$10.7 billion and EBITDA of US$2.3 billion, lower than FY2015 primarily due to lower commodity prices (FY2015 Revenue: US$12.9 billion, FY2015 EBITDA: US$3.7 billion)
Adjusted EBITDA margin of 28% (FY2015: 38%), driven by low commodity prices
Free cash flow of US$1.7 billion, up 63% (FY2015 US$1.0 billion), driven by optimisation of operational, capital expenditure and working capital initiatives
Net debt reduced by US$1.1 billion and gross debt reduced by US$0.4 billion during the year
Underlying (loss) per share(4) of (131.9) US cents (FY2015: (14.2) US cents)
Basic loss per share of (665.8) US cents primarily due to a non-cash impairment of US$3.3 billion (net of tax) and lower EBITDA, reflecting lower commodity prices
Covenant modifications on bank loans at Vedanta Resources plc secured until the period ending 30 September 2018 and complied with as on 31 March 2016
S&P downgraded issuer credit rating from 'BB' to 'B' and Moody's downgraded its corporate family rating from 'Ba1' to 'B2' due to weak commodity prices
- S&P subsequently revised the outlook to 'Stable' in April 2016
Hindustan Zinc Limited announced its highest ever special dividend in Q4 (c. US$1.8 billion including dividend distribution tax)
Final dividend of 30 US cents per share
Simplification of the group structure continues to be a priority
