Jaguar Land Rover (JLR) reported a 22% uptick in revenue in the last financial quarter, citing an improvement in wholesale volumes and component supply over the second quarter, but the semiconductor shortage continues to restrict its profitability.
In the three months to December 2021 (the third quarter of the fiscal year), JLR delivered 69,182 cars to dealers, an 8% increase on the previous quarter, and boosted output by 41% to 72,184 vehicles.
Revenue climbed to £4.7 billion for the quarter, compared with £3.9bn in Q2, while its pre-tax margin increased to 1.4% and its free cashflow to £164 million.
