British car maker Jaguar Land Rover (JLR) posted a net loss in its second fiscal quarter amid production stoppages due to a cyberattack.
The company said in a press release that its net loss in the July-September period was 559 million pounds ($734 million) compared to a profit of 283 million pounds a year earlier.
The pre-tax loss was 723 million pounds compared to a profit of 398 million pounds.
Revenue fell 24% to £4.9bn.
In early September, JLR reported a cybersecurity incident. The company was then forced to shut down all its systems, resulting in the shutdown of its UK production facilities, which produce around a thousand cars a day.
Production has gradually resumed since 8 October and has now been fully restored.
Incident-related costs in the second fiscal quarter totalled £196 million.
JLR-100 is a 100 per cent subsidiary of India’s Tata Motors.