Tenneco Clean Air India LimitedQ1 FY27 Results & Financial Update
Tenneco Clean Air India Limited: Q1 FY27 consolidated results and company financials – revenue ₹1,544.75 Cr, PAT ₹165.24 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
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Quarterly Results AnalysisExplore Tenneco Clean Air India Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Tenneco Clean Air India commenced fiscal 2027 with robust performance, reporting revenue from operations of INR 1,544.75 crore for the quarter ended June 30, 2026, marking a healthy 20.16% increase compared to INR 1,285.62 crore in the corresponding period of the previous year.
Value Added Revenue (VAR), which excludes pass-through substrate costs and serves as the company's primary operational metric, grew by 18.4% year-on-year to reach INR 1,381.6 crore, successfully outperforming the industry volume growth rate of 16.2% across its served addressable markets.
EBITDA for the quarter rose by 7.9% year-on-year to INR 246.9 crore, backed by strong topline growth and productivity gains, yielding a resilient EBITDA margin on VAR of 17.9% despite ongoing inflationary headwinds in commodities and incremental public listing costs.
The Advanced Ride Technologies (ART) segment grew 27.9% year-on-year to INR 719 crore in VAR, supported by continued market disruption from the DCx Da Vinci suspension series and new application wins across passenger vehicles and export channels.
The Clean Air & Powertrain (CA&PT) segment delivered revenue of INR 662.6 crore, representing a 9.6% year-on-year expansion, driven by new program nominations covering ignition, hot-end, cold-end, and pipe assembly solutions.
Management highlighted ongoing commercial discipline, structured P3 continuous improvement frameworks, and strategic customer acquisitions as key anchors supporting margin resilience and competitive market share gains.
01 · Business model
What does Tenneco Clean Air India do?
Tenneco Clean Air India Limited is a leading Tier-1 automotive component manufacturer supplying advanced clean air, powertrain, and ride performance solutions to major original equipment manufacturers (OEMs) in India and international export markets.
The company's diverse product portfolio includes catalytic converters, diesel particulate filters, selective catalytic reduction systems, mufflers, exhaust pipes, after-treatment systems, bearings, sealings, spark plugs under the Champion brand, and strut assemblies and shock absorbers under the Monroe brand.
Operating through an extensive manufacturing footprint comprising 12 production facilities and two R&D centers located strategically across major automotive hubs in India, the company serves passenger vehicles, commercial trucks, off-highway vehicles, and industrial applications.
The economic model relies on deep technical collaboration with leading OEMs, continuous product innovation, and high localization to support stringent global emission norms, vehicle comfort, and fuel efficiency.
02 · Historical context
What shaped the business before this quarter
By FY2026, the company expanded its value market share in passenger vehicle shock absorbers and struts to 55% (+3% YoY) and commercial vehicle clean air solutions to 58% (+1% YoY), alongside maintaining a 68% share in off-highway clean air solutions.
The prior-year comparative period (Q1 FY26) included a non-recurring net interest income benefit of approximately INR 187 million arising from the sale of the Motocare business.
03 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Q1 FY27 | Year-ago | Previous quarter |
|---|---|---|---|
| Revenue from operations | ₹1,544.75 Cr | ₹1,285.62 Cr | ₹1,552.45 Cr |
| Total income | ₹1,544.75 Cr | ₹1,285.62 Cr | ₹1,552.45 Cr |
| Profit before tax | ₹219.40 Cr | ₹227.22 Cr | ₹231.28 Cr |
| Profit after tax | ₹165.24 Cr | ₹168.09 Cr | ₹166.78 Cr |
| EPS | ₹4.09 | ₹4.16 | ₹4.13 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Value-Added Revenue grew 18.4% year-on-year to INR 1,381.6 million, outperforming industry volume growth of 16.2% in served addressable passenger vehicle and commercial truck markets.
ART segment revenue expanded 27.9% year-on-year to INR 7,190 million, propelled by strong market adoption of the DCx Da Vinci suspension series and new model wins.
CA&PT segment revenue grew 9.6% year-on-year to INR 6,626 million, underpinned by new program nominations across ignition, hot-end, and cold-end applications.
What drove margins
EBITDA margin on VAR remained resilient at 17.9% but faced headwinds from significant commodity price increases driven by prevailing geopolitical conditions.
Margins absorbed incremental administrative and compliance costs associated with transitioning from a private entity to a listed public company.
Management utilized the P3 framework to drive continuous improvements across safety, quality, delivery, and cost to offset external margin pressures.
05 · Demand, customers & order book
Where demand is coming from
Added four new customers in the ART segment during the quarter and secured strategic program nominations across passenger and commercial vehicle OEMs.
Successfully entered new whitespace opportunities by securing a major spark plug order with one of India's largest passenger vehicle OEMs.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Expanded the DCx Da Vinci suspension footprint with multiple new application wins, added four new customers in 2026, and introduced the DCx32 variant targeting smaller A/B segment vehicles.
Secured strategic new program nominations, including a spark plug order from a leading passenger vehicle OEM, an exhaust program from an Indian carmaker, a CNG platform cold-end assembly, and an after-treatment system for commercial vehicles.
Geography and market mix
ART secured its maiden order from a leading European ATV manufacturer, and the powertrain segment won a heat shield order from Tenneco America, strengthening export positioning.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Operates 12 manufacturing facilities and two global-standard R&D centers strategically positioned across major Indian automotive OEM hubs.
08 · Strategy & new businesses
How the company is trying to change its growth mix
Reinforced spark plug compatibility with flex-fuel applications up to E85, ensuring readiness for alternative fuel trends.
Successfully completed fitment and benchmarked performance of Mechanical Adaptive Roll Damping dampers with a leading domestic OEM, developed entirely in India.
09 · Reported developments
What changed operationally
Achieved Value Added Revenue growth of 18.4%, outpacing the industry volume growth rate of 16.2% in served addressable markets.
Received the Innovation and Performance Award from Mahindra, Ride Performance Award 2026 from ET Auto Tech, and Technology & Innovation Award from Daimler India Commercial Vehicles (DICV).
10 · Pressure points & risks
What is not going smoothly
Encountered strong cost headwinds stemming from commodity escalations and public company listing expenses.
11 · Beyond the numbers
What changed beyond the numbers
Reported update
New product introduction
Introduced DCx32, the latest variant in the DCx suspension family featuring a smaller 32mm bore to target A/B segment smaller vehicles.
Reported update
MARD damper validation
Completed complete Indian development, fitment, and performance benchmarking of Mechanical Adaptive Roll Damping dampers for antiroll bars with a domestic OEM.
12 · Key Q&A
The quarter, answered directly
What does Tenneco Clean Air India do?
Tenneco Clean Air India Limited is a leading Tier-1 automotive component manufacturer supplying advanced clean air, powertrain, and ride performance solutions to major original equipment manufacturers (OEMs) in India and international export markets.
What is the clearest takeaway from Q1 FY27?
Tenneco Clean Air India commenced fiscal 2027 with robust performance, reporting revenue from operations of INR 1,544.75 crore for the quarter ended June 30, 2026, marking a healthy 20.16% increase compared to INR 1,285.62 crore in the corresponding period of the previous year.
What drove revenue or demand?
Value-Added Revenue grew 18.4% year-on-year to INR 1,381.6 million, outperforming industry volume growth of 16.2% in served addressable passenger vehicle and commercial truck markets.
What mattered most for margins or profitability?
EBITDA margin on VAR remained resilient at 17.9% but faced headwinds from significant commodity price increases driven by prevailing geopolitical conditions.
What changed operationally beyond the headline numbers?
Operates 12 manufacturing facilities and two global-standard R&D centers strategically positioned across major Indian automotive OEM hubs.
What are the main pressure points disclosed for the quarter?
Encountered strong cost headwinds stemming from commodity escalations and public company listing expenses.
13 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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14 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
DCx32 and MARD commercialization: Monitor commercial rollout progress and volume scaling for the newly introduced DCx32 suspension variant and MARD dampers.
- 02
Margin resilience against commodities: Track management's ability to sustain EBITDA margins near 17.9% amidst ongoing commodity price fluctuations and public listing overheads.
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