News
JLR Delivers Best Q1 (April-June) Revenue On Record
Jaguar Land Rover Automotive plc (JLR) delivers best Q1 (April 1st June 30th) revenue on record.
JLR posted a record revenue of £7.3 billion, which was 5 percent up versus Q1 FY24.
Its Profit before tax (“PBT”) was £693m (up 59% YoY), while Profit after tax (“PAT”) in the quarter was £502m.
The marque’s Earnings Before Interest and Taxes (EBIT) margin was 8.9%, up 0.3 percentage points YoY.
JLR says its first next generation luxury electric vehicle, Range Rover Electric, will be unveiled in the last quarter.
Jaguar Land Rover Automotive plc (JLR) on August 1st announced its financial results for the three months to 30 June 2024 (the brand’s Q1 FY25), which includes a record revenue of £7.3 billion, which was 5 percent up versus Q1 FY24.
Its Profit before tax (“PBT”) was £693 million (up 59% YoY), while Profit after tax (“PAT”) in the quarter was £502 million. The marque’s Earnings Before Interest and Taxes (EBIT) margin was 8.9%, up 0.3 percentage points YoY.
The luxury British brand said its strong financial performance in Q1 FY25 was driven by higher wholesale volumes, investment in demand generation and a favourable pricing environment.
“Thanks to the hard work and commitment of our people, JLR has delivered an outstanding set of results in the first quarter, with record revenues and an increase in year‑on‑year quarterly profits of nearly 60 per cent,” said Adrian Mardell, Chief Executive Officer.
“…Later this year, we will unveil our first next generation luxury electric vehicle, Range Rover Electric, which has more than 41,000 customers on its waiting list,” he adds.
Last quarter also saw the unveiling of the new Land Rover Defender OCTA – the most powerful Defender ever made – prior to its public debut at Goodwood Festival of Speed, UK in July.
-
See Also : JLR Invests £1 Million To Tackle Car Thefts, Block Gangs From Using UK Ports To Export Stolen Cars
