JLR Q3 operating margin to fall, capex to rise in FY14
REUTERS - Jaguar Land Rover (JLR) is likely to report a lower EBITDA margin in the October-December quarter compared with the previous two quarters, the company said on Wednesday, due to exchange rate fluctuations and a higher mix of Evoque sales.
JLR's capital expenditure will rise to 2.75 billion pounds in the fiscal year that begins in April, up from 2 billion pounds in the current year, the company said in a statement, adding that free cash flow for 2013-14 could be negative as a result.
The British luxury brands, owned by India's Tata Motors(TAMO.NS), will report higher revenue in the quarter that ended in December than in the previous two quarters but similar EBITDA (earnings before interest, taxation, depreciation and amortisation), and will report a negative free cash flow in the period.
JLR reported EBITDA of 486 million pounds in the quarter to end-September, with an EBITDA margin of 14.8 percent.
(Reporting by Henry Foy in MUMBAI; Editing by Gopakumar Warrier)
- Tweet this
- Share this
- Digg this
- UPDATE 2-U.S. exits GM stake, taxpayers lose $10 billion
- UPDATE 1-Fannie Mae, Freddie Mac to hike mortgage guarantee fees
- Putin dissolves state news agency, tightens grip on media
- RPT-Record low temperature recorded in Antarctica -scientists
- China-Brazil satellite launch fails, likely fell back to Earth
This business of notes is livelihood for hundreds in Old Delhi, with vendors charging a fee of up to 20 percent to replace damaged banknotes. A mildly damaged 500 rupee note, for instance, can be exchanged for 480 rupees, while a bundle of crisp, new 10 rupee notes valued at 1,000 rupees is priced at 1,050 rupees. Full Article