• The document is a transcript of the Q1 FY27 Earnings Conference Call for Analysts and Investors held on Thursday, August 06, 2026, at 04:00 PM IST.
  • The call was conducted post-declaration of Q1 FY2026-27 results, as intimated in the company's letter dated July 30, 2026.
  • The stated purpose was to discuss business and financial performance for Q1 FY27.
  • Management participants included:
  • Mr. Arvind Chandra – Whole-Time Director and Chief Executive Officer
  • Mr. Mahender Chhabra – Chief Financial Officer
  • Mr. Himanshu Sharma – Head Investor Relations
  • A detailed presentation on business and financial performance was made available on the company's website and stock exchange websites.
  • The transcript was made available on the Company's website at: https://tennecoindia.com/investor-relations/.
  • The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Highlights Discussed

  • Revenue from Operations: Increased 20.2% year-over-year to INR15,448 million.
  • Value Added Revenue (VAR): Grew 18.4% year-on-year to INR13,816 million.
  • EBITDA: Grew 7.9% year-on-year to INR2,469 million.
  • EBITDA Margin: Stood at 17.9% on value added revenue.
  • Profit After Tax (PAT): Stood at INR1,652 million with a PAT margin of 12% on VAR.
  • Segment Performance:
  • Clean Air and Powertrain Solutions VAR: INR6,626 million (9.6% YoY growth)
  • Advanced Ride Technologies VAR: INR7,190 million (27.9% YoY growth)
  • Exports: Constituted slightly over 7% of overall revenue.
  • Royalty Payment: Consistent at 2.5% of overall revenue reduced by intercompany sales.
  • Capacity Utilization:
  • Clean Air and Powertrain: upward of 80%
  • Advanced Ride Technologies: more than 90%

Business Updates Discussed

  • Market Share Gains:
  • Commercial Vehicle Clean Air Solutions: increased from 57% to 58% in FY2026
  • Passenger Vehicle Shock Absorbers and Struts: expanded from 52% to 55% in Indian market
  • Off-highway Clean Air Solutions: maintained leadership with 68% market share
  • Advanced Ride Technologies:
  • Secured multiple new application wins across existing customers
  • Added four new customers to conventional and DCx platforms
  • Introduced DCx32 platform targeting smaller A and B segment vehicles
  • Completed fitment and performance benchmarking of MARD technology with a leading domestic OEM
  • Secured maiden order from a leading European all-terrain vehicle manufacturer
  • Clean Air and Powertrain Business:
  • Secured spark plug order from one of India's largest passenger vehicle OEMs
  • Won new passenger vehicle exhaust program with leading domestic OEM
  • Secured cold end assembly program for global OEM CNG platform
  • Upcoming emissions aftertreatment program for leading domestic commercial vehicle manufacturer
  • Won heat shield order from Tenneco America
  • Awards Received:
  • Innovation and Performance Award from Mahindra
  • Technology and Innovation Award from Daimler India Commercial Vehicles
  • Ride Performance of 2026 Award from The Economic Times

Forward-Looking Statements & Guidance

  • Capex Guidance: INR350 crores to INR450 crores for FY27 to support double-digit top-line growth (includes INR140 crores for two already announced plants)
  • Growth Drivers: Increasing content per vehicle, strong program execution, technology differentiation, market share expansion, and growing customer base
  • New Plant Announcement: ART plant in western part of country with investment of ~INR70 crores
  • Export Strategy: Focus on expanding exports and deepening participation in global supply chains

Additional Notes

  • The document is a compliance filing containing the full transcript of the earnings conference call.
  • The company emphasized that PAT growth was similar to EBITDA growth when excluding one-time benefits from the sale of the Motocare business in the corresponding quarter last year.
  • Management discussed margin pressures from commodity inflation, rupee depreciation, geopolitical supply chain disruptions, and incremental costs of operating as a listed public company.
  • The company stated it follows Tenneco's global P3 operating framework for continuous improvement.
  • The transcript includes detailed Q&A session with analysts covering margins, order book, growth outlook, capacity utilization, and export strategy.