JLR reported benign cash flows on a sequential basis on the back of increased wholesale volumes coupled with a favourable mix and better pricing. JLR’s profit (before tax) was 265 million pounds in the December quarter, up from a loss of 9 million pounds a year ago, with a positive EBIT margin of 3.7%, up from 1.4% in Q3 of FY22.
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In the December quarter, JLR achieved positive free cash flows and posted profits with an improvement in supplies following a loss-making September quarter.
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On a preliminary basis, JLR expects to achieve free cash flows of at least £800 million in the March quarter and more than £500 million for the full year.Īccording to Tata Motors, JLR’s initial estimated cash balance is at £3.7 billion and net debt of around £3 billion. JLR expects to report results for the fourth quarter and full year ended 31 March 2023 in May 2023," the parent company told the exchanges. “Range Rover, Range Rover Sport and Defender demand remains particularly strong, representing 76% of the order book.
Tata Motors said JLR’s order book was strong, with over 200,000 pending orders at the end of the March quarter, which is, however, about 15,000 lower than the 31 December 2022 order book, hinting at the higher retail sales in the March quarter. Wholesale volumes for the Defender rose to 27,513 units in the March quarter from 23,816 in the preceding three months, with the company continuing to operate a third shift at the Nitra facility in Slovakia. JLR’s flagship Range Rover and Range Rover Sport dispatches continued to rise with 32,950 units during the quarter, up from 28,000 units in the December quarter. Wholesales, excluding China, were up 9% over FY22 to 321,362 units. Retail sales were higher across markets led by Europe (47%), the UK (42%), China (29%), overseas (29%) and North America (12%) in FY23, compared to 376,381 units in 2021-22. The mapping on this website is provided by external mapping providers and is for general information purposes only.JLR’s retail sales for the March quarter were at 102,889 units, including the Chery Jaguar Land Rover China joint venture, up 21% from the previous quarter and 30% compared to the year-ago quarter. Please contact your local authorized Land Rover Retailer for availability and prices. Some vehicles are shown with optional equipment and retailer-fit accessories that may not be available in all markets. The information, specification, engines and colors on this website are based on European specifications and may vary from market to market and are subject to change without notice. Some features may vary between optional and standard for different model year vehicles. Jaguar Land Rover Limited is constantly seeking ways to improve the specification, design and production of its vehicles, parts, options and/or accessories and alterations take place continually, and we reserve the right to make changes without notice. This is a very dynamic situation, and as a result imagery used within the website at present may not fully reflect current specifications for features, options, trim and color schemes. Please contact your local authorized Land Rover Retailer for detailed specifications. The global shortages of semiconductors and other materials are currently affecting vehicle build specifications, option availability, and build timings.
Important note on imagery & specifications. © 2023 Jaguar Land Rover North America, LLC
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