Report JLR REPORTS HIGHEST QUARTERLY PROFIT SINCE 2017


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  • Record Q3 and Q3 YTD revenue of £7.4 billion and £21.1 billion respectively
  • Profit before tax and exceptional items (PBT) was £627 million in Q3 FY24, JLR’s highest quarterly profit since Q4 FY17. FY24 YTD PBT was £1.5 billion
  • EBIT margin in Q3 of 8.8%, more than double Q3 FY23
  • Free cash flow was £626 million for the quarter and £1.4 billion for FY24 YTD and net debt reduced to £1.6 billion

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Good for them. The profit is probably the result of allocating more production slots towards their most expensive models e.g full fat Range Rover, RRS and the defender.
 

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J.E
J

Jaguar Land Rover

Jaguar Land Rover Automotive PLC is the holding company for Jaguar Land Rover Limited, also known as JLR, a British multinational manufacturer of luxury and sports utility vehicles. JLR, headquartered in Whitley, Coventry, UK, is a subsidiary of Tata Motors. Jaguar and Land Rover, with histories dating to the 1920s and 1940s, merged in 1968 under British Leyland. They later became independent and were subsidiaries of BMW and Ford. In 2000, BMW dissolved the Rover Group, selling Land Rover to Ford. Since 2008, Tata Motors has owned Jaguar Land Rover.
Official website: JLR

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