The Company recorded deliveries of 26.32 million tonnes for the year and 7.06 million tonnes for the quarter. Turnover was INR139,504 crores for the year and INR 33,666 crores for the quarter. The Company declared an equity dividend of INR 8 per share.

Indian Operations
The Indian steel industry witnessed subdued demand across steel-consuming industries. There was a surge in low priced imports especially from China, Japan and Korea, which led to a sharp correction in steel prices especially during the last few months of the year.

Despite these challenges, the Indian operations of the Company registered best ever production in Hot Metal, Crude Steel and Saleable Steel and successfully ramped up deliveries across its key business segments.

• Automotive and Special Products sales rose by 15 per cent over the previous year while Branded Products, Retail and Solutions sales increased by 10 per cent. Brands such as Tata Tiscon, Tata Shaktee and Tata Steelium registered best ever sales during the year.

• The Company's captive iron ore mines were in operation through Q4FY'15 and the mining operations were able to return to their normal levels.

• Turnover in FY'15 was INR 41,785 crores compared to INR 41,711 crores in FY'14 as the benefits of higher volumes were largely offset by lower realisations and weak demand. Q4FY'15 turnover increased by 7 per cent to INR 10,635 crores from INR 9,897 crores in the previous quarter but fell 13 per cent from INR 12,191 crores in Q4FY'14. The quarter-on-quarter improvement in revenue was driven by higher volumes partially offset by lower realisations.

• FY'15 EBITDA declined by 24 per cent to INR 10,102 crores from INR 13,281 crores in FY'14. Q4FY'15 EBITDA was INR 1,661 crores compared to INR 1,979 crores in Q3FY'15 and INR 4,052 crores in Q4FY'14. The decline was driven by a steep fall in realisations combined with an increase in iron ore costs on purchased iron ore that was procured to support the operations during the previous quarters when the captive mining operations were closed due to regulatory actions.

• Profit after tax in FY'15 was flat at INR 6,439 crores compared to INR 6,412 crores in FY'14. Q4FY'15 profit was INR 814 crores compared to INR 881 crores in Q3FY'15 and INR 1,979 crores in Q4FY'14.

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