JLR (Jaguar Land Rover) is improving profits and slowly reducing debt

JLR (Jaguar Land Rover) has just been submitted financial results continues at the end of the third trimester of its fiscal year 2023-2024, which will end at the end of the first quarter of this year. Manufacturer, Indian owned Tata Motorsachieved its best quarterly results since 2017. Sales reached 7,4 billion sterling (8.65 billion Euros), up to 22 % compared to the third quarter of the previous fiscal year and 8 % compared to the second quarter of 2023-2024. Net profit for this third quarter of 2023-2024 reached 627 million pounds (733 million Euros), in the amount of 8,8 %. In the same period last year, these factors reached 265 million pounds (Euro 309.8 million) for the amount of 3.7%. Net profit before tax was achieved 592 million pounds (692 million euros), against 261 million pounds (305 million euros) in the same period of the previous fiscal year. In the first three quarters of this financial year, the net profit is equal to 1,5 billion sterling (Euro 1.75 billion), with a profit after tax of 1,2 billion pounds (1.4 billion euros). This positive trend should allow the company pay off part of your debt at the end of this fiscal year.

Achieve healthy cash flow in 2025

The third quarter financial results give JLR a cash flow of 626 million pounds (732 million euros), which allows the manufacturer to have a total cash flow 4,3 billions of pounds (5 billion euros). There this net of the company so succeed 1,6 billion pounds (1.87 billion euros). With an estimate of the maximum rate of this financial year more than 8 %net debt should fall 1 billion pounds (Euro 1.17 billion) thanks to enhanced cash flow. JLR intends to arrive in a positive cash flow in 2025, mainly thanks to the improvement of its sales. In fact, the company benefits from diversity Range Rover appreciated in international markets. It is still being road tested, in the future Range Rover Electric would be ready to accumulate more than 16 000 instructions on the waiting list. JLR also adds that examples of Electric SUVs of in the middle are in development, as well as several for the future Jaguar. Meanwhile, the manufacturer continues to reorganize his industries in the UK and internationally. Delivery to new internet standards intended to handle Range Rover, Defender and Discovery it also starts inside Asia and in Europetime Jaguar Network has been reduced to a minimum. In fact, the group wants to keep this brand in a high levelwhich should be between Bentley and Rolls-Royceand some electric vehicles only.