Global wholesale volumes 243,621 units, up 26%
Revenue £9,871 million, up 51%
Profits before tax £1,115 million up, from £51million
Jaguar Land Rover PLC ("JLR") announces its consolidated results under IFRS for the year ended 31 March 2011.
Global wholesale volumes for the year were 243,621 units, up 26% compared to the prior year. Revenues were £9,871 million, up 51% compared to the prior year. Profits before tax for the year were £1,115 million compared to £51 million for the prior year.
The positive result for the 2010/2011 Fiscal Year has been driven by higher sales volumes, improvements in margins and efficiency and a favourable foreign exchange rate environment.
In May 2011, JLR successfully completed a £1 billion bond issue in 7 and 10-year maturities.
Jaguar Land Rover will hold a conference call for the investor community today at 1400 BST/ GMT +1, details of which can be found on the Investor Report section of the Jaguar Land Rover website, http://www.jaguarlandrover.com/#/investorrelations
The audited consolidated results of Jaguar Land Rover PLC and its subsidiaries under IFRS will be made available on this website prior to the conference call.
NB: These results were previously reported by Tata Motors in May 2011 in accordance with Indian Generally Accepted Accounting Principles (IGAAP)
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Editors Notes
About Jaguar Land Rover
Jaguar Land Rover designs, develops, manufactures and sells Jaguar premium sports saloons and sports cars and Land Rover premium all-terrain vehicles (and related parts and accessories) through a global sales and distribution network. Jaguar Land Rover PLC is an indirect, wholly-owned subsidiary of Tata Motors Limited (India).
About Tata Motors Limited
Tata Motors Limited is India's largest automobile company, with consolidated revenues of approximately $20 billion in 2009-10. Through subsidiaries and associate companies, Jaguar Land Rover has operations in the UK, South Korea, Thailand and Spain. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India. With over 5.9 million Tata vehicles plying in India, Tata Motors is the country's market leader in commercial vehicles and among the top three in passenger vehicles. It is also the world's fourth largest truck manufacturer (in above eight tonne category) and the third largest bus manufacturer (in above eight tonne category) in each case as measured by volumes of vehicles sold. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia and South America.
Jaguar Cars Limited: Registered Office: Abbey Road, Whitley, Coventry CV3 4LF. Registered inEnglandNo: 1672070. Land Rover: Registered Office: Banbury Road, Gaydon, Warwick CV35 ORR, United Kingdom. Registered in England and Wales No: 4019301
For further information please contact:
Paul Chadderton, Corporate PR Director
T: 01926 649663 / M: 07801 126791 Email: pchadder@jaguarlandrover.com
Nicola Rzeznik, Corporate Communications Officer
T: 01926 648063 / M: 07736 912266 Email: nrzeznik@jaguarlandrover.com