Source : PTI | Tata Motors Passenger Vehicle-owned Jaguar Land Rover has lowered its revenue and margin guidance for the current financial year, citing geopolitical risks and costs related to restructuring.
The British luxury brand is now projecting full-year revenue of 25 billion pounds, compared to the 26 billion pounds projected earlier. The outlook for pre-tax margin has also been reduced to 2-3 per cent from 4 per cent.
“In light of ongoing market challenges, geopolitical risks and the exceptional costs recognised in the quarter, guidance for the full year has been revised to an adjusted EBIT margin in the range of 2-3 per cent and free cash outflow of ~ £1.25 bn,” the company said.
For the second quarter, Tata Motors PV reported Rs 5,531 crore in consolidated loss attributable to the shareholders following on exceptional items of Rs 6,738 crore, comprising Rs 3,776 crore in employee separation costs and Rs 2,856 crore in impairment of assets.
The company noted that JLR recorded exceptional items of 530 million pounds in the quarter, reflecting restructuring activities, including separation costs and the write-down of intangible assets under development.
“Our cash guidance implies that we intend to be marginally cash positive in H2. We have included everything that we know (in outlook). We do know that this market is extremely fast-moving, both in terms of opportunities and in terms of risks related to our launches,” said JLR CFO Richard Molyneux.
JLR’s revenue from operations for the first half of the financial year 2027 came in at 11.9 billion pounds, up 3 per cent on year. Its revenue during the financial year 2026 was at 23 billion pounds.
