Business · Companies · 10 hrs ago
JLR cuts profit and revenue forecasts as restructuring costs weigh
Jaguar Land Rover (JLR), the British luxury carmaker, cut its forecasts for profit margins and revenue for the fiscal year ending in 2027.
It now expects an adjusted operating profit margin of 2% to 3%, down from its earlier 4% forecast, and revenue of about £25 billion instead of £26 billion.
JLR reported £5.9 billion in quarterly revenue, up about a fifth from the same period a year earlier, and a £6 million profit before exceptional items and tax.
But £530 million in exceptional costs, including job cuts and asset write-downs, left it with a £451 million loss after those costs.
JLR said its improved sales partly reflected recovery from a cyber attack last year that halted production at its UK factories for five weeks.
The company plans to cut 4,000 jobs, and said about 3,000 employees had signed up to leave this fiscal year.
The lower forecast adds to pressure on JLR’s parent, Tata Motors Passenger Vehicles, which reported a quarterly loss of ₹5,451 crore; JLR’s revised outlook points to continued challenges for the group.
JLR cut its fiscal 2026-27 adjusted operating profit margin forecast to 2-3%, from 4%, and lowered its revenue forecast to about £25 billion.
The company cited market difficulties, geopolitical risks and restructuring costs.
JLR reported £5.9 billion in revenue and £6 million in profit before exceptional items and tax for the September quarter.
It recorded £530 million in exceptional charges, including costs linked to a voluntary redundancy programme and asset write-downs.
JLR’s parent, Tata Motors Passenger Vehicles Ltd, reported a consolidated loss of ₹5,451 crore for the quarter.
- Who
- Jaguar Land Rover (JLR), owned by Tata Motors Passenger Vehicles Ltd.
- What
- JLR lowered its profit margin and revenue forecasts for fiscal 2026-27 as restructuring costs weighed on earnings.
- When
- The forecasts were reported on Friday, 13 November 2026.
- Where
- JLR is a British carmaker; the articles do not state where the forecast changes were announced.
- Why
- JLR cited market difficulties, geopolitical risks and restructuring costs.
This story does not have two clearly opposing sides.
A cyber attack forced JLR to halt production across its UK factories for five weeks from September 1.
JLR’s UK factories restarted production after the cyber attack.
JLR said it planned to cut 4,000 jobs across its global workforce over the next two years.
JLR lowered its fiscal 2026-27 profit margin and revenue forecasts.
- FY27 adjusted operating profit margin forecast
- 2-3%, down from 4%
- FY27 revenue forecast
- About £25 billion, down from £26 billion
- September-quarter revenue
- £5.9 billion
- September-quarter profit before exceptional items and tax
- £6 million
- Exceptional charges
- £530 million
- Voluntary redundancy programme
- About 3,000 colleagues signed up to leave this fiscal year
3 sources
What people are saying
Of the £530 million of exceptional charges, £295 million relates to the voluntary redundancy programme that we launched in the quarter and relates to circa 4,000 people, which is our number, that we have suggested out there
This programme itself has attracted the right level of interest, and we have now circa 3,000 colleagues who have signed up and will leave the business this fiscal year