Why it's a rough ride ahead for Jaguar Land Rover

JLR, maker of Jaguar luxury cars and Land Rover SUVs, reported a 62% decline in net profit in Q3FY17

With a dismal third quarter performance at Jaguar Land Rover, mainstay of the country’s biggest automobile company, Tata Motors, hopes are being pegged on the fourth quarter. Profitability, however, is not expected to see an immediate improvement, prompting brokerages to revise the target price downwards while advising clients to buy the stock that has tanked 14 per cent since Tuesday.

C Ramakrishnan, group chief financial officer at Tata Motors, said the company expected a strong fourth quarter for JLR and the management remained “cautiously optimistic” about JLR in the coming quarters. “The start of new Discovery wholesales, peak March UK