Jaguar / Land Rover 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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