Jaguar Land Rover's second quarter financial report: revenue of 6.9 billion pounds, a year-on-year increase of 30%

According to news on November 3, when Jaguar Land Rover released its financial performance for the second fiscal quarter of the 2023/24 fiscal year (July to September 2023), there were frequent good news. In the second fiscal quarter, the company achieved revenue of 6.9 billion pounds, equivalent to approximately 61.617 billion yuan, a year-on-year increase of 30%. The pre-tax profit was as high as 442 million pounds, totaling approximately 3.947 billion yuan, bringing the pre-interest and tax profit margin (EBIT) to 7.3%. Benefiting from this gratifying result, Jaguar Land Rover also announced that it would raise its full-year profit target to 8%.

In the first half of the fiscal year, from April to September, Jaguar Land Rover’s revenue reached 13.8 billion pounds, totaling approximately 123.234 billion yuan, a year-on-year increase of 42 %. In addition, the company's financial free cash flow reached 300 million pounds, while its liquid assets also reached 5.8 billion pounds.

According to the editor’s understanding, as of the end of this fiscal quarter, Jaguar Land Rover’s global customer orders reached 168,000, and global retail sales reached 106,561 units, a year-on-year increase of 21%. Range Rover, Range Rover Sport and Defender models account for 77% of global customer orders.

In the Chinese market, Jaguar Land Rover performed equally well. In the first half of the fiscal year, its retail sales increased by 21% year-on-year, accounting for more than a quarter of global retail sales again, demonstrating strong market performance. This series of strong financial data enables Jaguar Land Rover to continue to maintain strong competitiveness in the highly competitive automobile market and lays a solid foundation for the company's future development.

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