With company ramping up production of Range Rover and Defender, the volume for full fiscal is expected to rise 24% to 400,000 units and another 6-7% next fiscal.
Synopsis
The operating profit of the JLR surged 5.12 percentage points on a YoY basis to 8.8% in December quarter, taking the nine-month margin to 8.2%, driven by increasing volume that helped it accrue benefits of operating leverage, better product mix and tailwinds of moderating raw material prices.
ET Intelligence Group: Tata Motors’ all-round performance in the December 2023 quarter may help the company’s stock maintain its outperformance. The stock has nearly doubled in the past one year, propelled by an increase in fair value amid improving financial performance of its UK subsidiary Jaguar Land Rover (JLR) and the company’s efforts to reduce its leverage.The operating profit of the JLR surged 5.12 percentage points on a YoY basis to
BY
ET Bureau
3 mins read, Last Updated:
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