JLR financial statistics reveal record revenue

Prepare for some serious financial statistics that will a) validate just how exhausted you are, and b) reveal a rather compelling picture of one of the most fascinating car companies operating today.

JLR records its strongest October-to-December revenue

Between October and December last year, your preferred supplier of Jaguars (the ones it still builds), Range Rovers (both the large and smaller versions everyone covets), Defenders (the modern models, rather than the cramped old ones) and Discoverys (yes, they remain on sale) generated £7.5bn in revenue.

Er… woop woop, then? It is the highest revenue JLR has ever recorded during an October-to-December period. Alongside reporting a ninth consecutive profitable trading quarter, JLR achieved “the highest EBIT margin in a decade”. TopGear.com cannot claim to fully grasp EBIT margins – perhaps it is a particularly rich spread, or a Range Rover driving mode – but… woop woop, surely?

Range Rover, Range Rover Sport and Defender lead JLR volumes

Wholesale volumes – in other words, the total number of cars JLR sent around the globe – increased by three per cent over the preceding three months, reaching 104,427 JLR vehicles in assorted sizes.

Well, not entirely assorted. “The overall mix of the most profitable Range Rover, Range Rover Sport and Defender models was 70 per cent of total wholesale volumes,” said JLR. Therefore, in news unlikely to shock those of you still conscious, the Big Boys delivered the Big Money. Is this why JLR can take such a radical approach with Jaguar? Answers below.

That said, JLR’s profit before tax and exceptional items in Q3 – which TopGear.com understands to mean, well, the profit generated before tax and exceptional items in the third financial quarter – came to £523m, down from £627m in the previous year’s Q3. Q3 profit after tax also fell year on year. We suspect that is less woop woop. JLR cited the weaker pound against the US dollar. So, there is that.

JLR’s nine-month profits and electrification plans

Nevertheless, for the nine months ending in December 2024, JLR’s year-to-date profit before tax stood at £1.6bn. That represents a seven per cent rise on the same period in 2023 and marks “the best Q3 YTD PBT in a decade”. Woop, and indeed very much woop.

“Thanks to our people and partners, we achieved record Q3 revenue and our best EBIT margin in a decade, and our electrification plans are progressing,” said JLR boss Adrian Mardell.

“We revealed the beautiful, reimagined Jaguar design vision – Type 00 – in Miami and, later this year, we will launch Range Rover Electric.”

Ah yes: Type 00 and the electric Range Rover, pictured above. Both cars are aimed at the high-net-worth readers among you. One wonders what sort of hardcore financial statistics they will produce next time around…