JLR has reported a year-on-year drop in profits for the third quarter of its 2025 fiscal year, despite bringing in record revenue and its best profit margin for the quarter in a decade.
The British manufacturer reported £523 million in profit before tax (PBT) and exceptional items and £375 million in profit after tax (PAT) between October and the end of December.
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It's not a British manufacturer. It is wholly owned by Tata Motors - Indian. It doesn't even seek to show any 'Britishness' - ALL of its website photos show left-hand drive models, even on the GB webpage. And yet Renault, show right-hand drive models, by the way!
The drop in profits doesn't match the varience in exchange rates.
JLR are charginge far more for the Range Rover & Sport which will boost turnover, but the dropping of Jaguar will hurt returns. They're going to pay a high price for killing off Jaguar.
Their unwise EV strategy with their new brand is increasingly looking very unwise. Porsche reversing their EV strategy because of low sales. Bentley, who they said they'd be competing with, have lower sales. And the US look to be dropping their EV mandate with Trump. Should have kept Jaguar and run it through a hybrid period like all other sensible car manufacturers did.
Very roughly, and ignoring profits from aftersales, etc, that works out at just over £5,000 profit per vehicle pro rata assuming equal quarterly sales, which isn't half bad. Be interesting to know what the warranty costs per vehicle are, also what they are planning to do with Discovery.