Jaguar Land Rover
Per-tax profits of the UK-based luxury car maker were lower at 192 million pound for the quarter compared to 255 million pound in Q3FY17 which had included an USD 85 million insurance recovery.
"Profitability was impacted by the run-out of the 17 model year Range Rover and Range Rover Sport and higher depreciation & amortisation resulting from continued investment to drive profitable growth," the company said.
JLR operating profit margin expansion of 160 basis points at 10.9 percent YoY was far lower than CNBC-TV18 poll of 12.1 percent.
Revenue from operations during the quarter increased 4.3 percent to 6,310 million pound compared to year-ago due to slow volume growth.
Retail sales rose 3.5 percent YoY to 1.54 lakh units and wholesales increased 2.2 percent to 1.33 lakh units in Q3.
"China and overseas market were up while the UK, US and European markets were lower reflecting more challenging conditions with cyclical weakness in the UK and US, increasing diesel uncertainty in the UK and Europe, and Brexit uncertainty in the UK," JLR said. 