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JLR Reports 20.3% Revenue Growth and Positive Operating Profit in Q2 FY27
JLR reported Q2 FY27 revenue of £5.9 billion, up 20.3% year on year, helped by improved volumes following the recovery from last year’s cyber incident.
Profit before tax and exceptional items was £6 million, compared with a £485 million loss in Q2 FY26. The adjusted EBIT margin improved to 1.1% from -8.6%.
JLR recorded £530 million in exceptional charges, mainly linked to restructuring and asset write-downs. Free cash outflow was £540 million, while closing cash stood at £1.8 billion.
Jaguar Land Rover Automotive plc reported a stronger second quarter for FY27, with the company returning to a positive operating profit despite continued challenges in global markets. For the three months ended 30 September 2026, JLR recorded revenue of £5.9 billion, marking a 20.3% increase compared with the same period last year. The improvement was supported by higher wholesale volumes and the recovery from last year’s cyber incident.
Profit before tax and exceptional items stood at £6 million, compared with a loss of £485 million in Q2 FY26. JLR’s adjusted EBIT margin also improved significantly to 1.1%, up from negative 8.6% a year earlier. However, the company reported a loss after tax of £451 million, while exceptional charges of £530 million reflected restructuring costs, separation expenses and asset write-downs. Free cash outflow during the quarter was £540 million, with closing cash of £1.8 billion and total liquidity of £6 billion.
The quarter was also important for JLR’s product strategy. The company unveiled three new luxury electric vehicles: the Range Rover Electric, Range Rover Sport Electric and Jaguar Type 01. All three models are being built in Solihull, UK, with customer deliveries expected to begin in early 2027. The Range Rover electric models have received positive media attention for their refinement and capability, while the Jaguar Type 01 marked a new design and engineering direction for the brand.
JLR is continuing to invest heavily in its future product range. The company has committed between £15 billion and £18 billion to its transformation programme, with £11.5 billion already invested since 2024. New products, including the Range Rover GT and an all-new electric Defender, are expected to launch next year. At the same time, JLR’s Enterprise Missions programme is targeting £1.7 billion in savings over the next two years.
Despite the improved performance, JLR has revised its full-year guidance because of market uncertainty, geopolitical risks and restructuring costs. The company now expects an adjusted EBIT margin of between 2% and 3%, along with free cash outflow of approximately £1.25 billion. Overall, the Q2 FY27 results show that JLR is making operational progress while entering an important new phase focused on luxury electric vehicles and long-term growth.
