JLR made a record £7.5bn in the last quarter, and shifted more Rangies and Defenders

Get ready for some hardcore financial statistics that’ll a) confirm how tired you are, and b) paint a very interesting picture about one of the most interesting car companies out there right now.

So. Your favourite purveyor of Jaguars (the ones they still make), Range Rovers (the big ones and little ones that everyone wants), Defenders (new ones, not pokey old ones) and Discoverys (yes, they still make those) made £7.5bn in revenue between October and December last year.

Um… woop woop, right? That’s the most amount of revenue JLR has made in an Oct-Dec period on record. As well as posting a ninth successive profitable quarter of trading, JLR also delivered “the highest EBIT margin in a decade”. TopGear.com does not entirely understand EBIT margins – perhaps a special kind of buttery spread, or a mode in a Range Rover? – but… woop woop, right?

Wholesale volumes – the sheer number of cars JLR has shipped around the world – were up by three per cent in this period versus the three months before, with a total of 104,427 JLR models of various sizes.

Well, mostly various. “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. So, in news that'll be of no surprise to the few of you still awake, the Big Boys brought in the Big Money. Is that why JLR can be so radical with Jaguar? Answers below.

Saying that, JLR’s profit before tax and exceptional items in Q3 – which TopGear.com takes to understand as the, well, profit it made before tax and exceptional items in the third fiscal quarter – was £523m, which is down from £627m in the Q3 the year before. Profit after tax in Q3 was also down year on year. This, we suspect, is not so woop woop. JLR quotes the pound being down against the US dollar. So, there’s that.

However, in the nine-month period into December 2024, JLR's 'year-to-date' profit before tax was £1.6bn, which is a seven per cent increase over the same bit in 2023, and "the best Q3 YTD PBT in a decade". Woop, and 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, the Type 00 and the electrified Range Rover (pictured above). Both of those cars are gunning for the high-net worth among you. Wonder what kind of hardcore financial statistics they’ll reap next time out…