JLR sold 116,300 units in fourth quarter

JLR sold 116,300 units in fourth quarterPremium carmaker, Jaguar Land Rover (JLR), which is a unit of Tata Motors, has recorded an increase of 18 per cent in sales to 116,300 units during the fourth quarter of the financial year 2012-2013.

The company had sold 95,000 vehicles during the third quarter of the financial year. JLR’s operating margins rose to 16.9 per cent compared to 14 per cent recorded in the previous quarter. The Earnings before interest, taxes, depreciation, and amortization (EBIDTA) of the company stood at £856 million.

The company’s Profit after tax was recorded at 386 million pounds during the quarter. It said that its cash and financial deposits stood at GBP 2,847 million while its gross debt stood at GBP 2,167 million. The company had been able to turn around itself under the TATA leadership and has now record rising sales, revenues and profits for the entire financial year 2012-2013. Its sales rose by 22 per cent to 374,636 units, revenues recorded an increase of 17 per cent to £15.8 billion and profit before tax rose by 11 per cent to £1,675 million.

Jaguar Land Rover operates five production units in the UK and employs 21,000 people. Tata Group acquired JLR from Ford Motor in March 2008 for about $ 2.3 billion at the peak of the global financial crisis.

Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate