Tenneco Clean Air India Limited announced its unaudited standalone and consolidated financial results for the fourth quarter ended March 31, 2026, and audited standalone and consolidated financial statements for the financial year ended March 31, 2026.

Financial Performance Highlights (INR Millions)

Q4 FY2026 Performance:

  • Revenue from Operations: ₹15,524 (vs. ₹13,259 in Q4 FY2025), up 17.1% YoY
  • Value-added Revenue (VAR): ₹14,058 (vs. ₹11,963 in Q4 FY2025), up 17.5% YoY
  • Clean Air & Powertrain Solutions: ₹6,905 (vs. ₹6,284), up 9.9% YoY
  • Advanced Ride Technologies: ₹7,153 (vs. ₹5,679), up 26.0% YoY
  • EBITDA: ₹2,573 (vs. ₹2,189 in Q4 FY2025), up 17.6% YoY
  • EBITDA Margin (VAR): 18.3% (flat YoY)
  • PAT: ₹1,668 (vs. ₹1,403 in Q4 FY2025), up 18.8% YoY
  • PAT Margin (VAR): 11.9% (vs. 11.7% in Q4 FY2025), up 13 bps

Full Year FY2026 Performance:

  • Revenue from Operations: ₹54,040 (vs. ₹48,904 in FY2025), up 10.5% YoY
  • Value-added Revenue (VAR): ₹49,180 (vs. ₹43,801 in FY2025), up 12.3% YoY
  • EBITDA: ₹9,255 (vs. ₹8,152 in FY2025), up 13.5% YoY
  • EBITDA Margin (VAR): 18.8% (vs. 18.6% in FY2025), up 21 bps (highest ever)
  • PAT: ₹6,044 (vs. ₹5,531 in FY2025), up 9.3% YoY
  • PAT Margin (VAR): 12.3% (vs. 12.6% in FY2025), down 34 bps
  • ROCE: 94% (vs. 57% in FY2025)

Business Highlights and Strategic Developments

The company successfully listed on stock exchanges on November 19, 2025, with IPO subscribed over 61 times. Since listing, the company has significantly outperformed broader markets and ranks among top 10% of BSE-listed companies by share price returns.

Strategic Program Wins and Technology Developments:

  • DCx DaVinci advanced suspension system selected by leading Indian OEM for new flagship SUV platform
  • Clean Air System selected by leading Japanese passenger vehicle OEM in India, marking entry into previously untapped segment
  • Strategic program booked with leading European commercial vehicle OEM for Clean Air aftertreatment solution
  • Strategic entry into Bearings systems with leading Japanese passenger vehicle OEM
  • Completed Proof of Concept with leading European Truck OEM for Euro VII-compliant Clean Air solution
  • Won new engine platform in Clean Air at major Indian CV OEM

Order Book and Capacity Expansion:

  • Total order book (excluding new programs in production) reached ₹124,000 million as of March 31, 2026
  • Order book covers 100% of FY2028 revenue target, supporting double-digit CAGR trajectory
  • H2 FY2026 order book addition: ₹60,254 million
  • Announced new greenfield plant for Advanced Ride Technologies in West India with investment of ₹690 million
  • Cumulative capex outlay for expansion: ₹1,400 million (including previously announced ₹710 million expansion in Northern India)

Management Commentary:

Arvind Chandra, Whole-Time Director and CEO, highlighted the company's resilient business model despite geopolitical headwinds since end-February 2026 and incremental overheads from being a listed entity. The company received Zero-Defect Supplier Award by Toyota in the ART business and secured strategic entry into engine bearings business at a leading Japanese OEM due to superior product technology and quality.

About the Company

Tenneco Clean Air India Limited is part of the Tenneco Group, a US-headquartered global Tier-1 automotive component supplier. The company manufactures clean air, powertrain, and suspension solutions for Indian OEMs and export markets. Product portfolio includes catalytic converters, diesel particulate filters, selective catalytic reduction systems, mufflers, exhaust pipes, after-treatment systems, bearings, sealings, sparkplugs, strut assemblies and shock absorbers. Brands include Champion® sparkplugs and Monroe® suspensions.

The company operates 12 manufacturing facilities and two R&D centers strategically located in key automotive OEM hubs in India.

Note: Value-added Revenue (VAR) excludes pass-through substrate costs from revenue from operations and is used as the primary performance metric to reflect underlying operating performance and margins.