Jaguar Land Rover Achieves Record Revenues and Profit Increase

Jaguar Land Rover Achieves Record Revenues and Profit Increase

Jaguar Land Rover Achieves Record Revenues and Profit Increase

Jaguar Land Rover (JLR) has reported record revenues of £13.8 billion for the first half of the financial year, representing a 42% year-on-year increase. Additionally, the company experienced a significant boost in profits.

During the second quarter of the 2023-2024 financial year, JLR generated £6.9 billion in revenue from July to September. The pre-tax profit for the period amounted to £442 million, which is a remarkable improvement compared to the £173 million loss recorded in the same quarter last year.

These latest financial results reveal a rapid recovery for JLR, following the heavy losses incurred during the pandemic.