Tenneco Clean Air India Limited delivered record financial performance in FY 2025-26, achieving its highest-ever EBITDA margin, highest-ever Return on Capital Employed and its largest-ever order book, according to the company's Integrated Annual Report for the financial year ended March 31, 2026. The company also completed a landmark Initial Public Offering during the year, listing on both NSE and BSE on November 19, 2025.

FY 2025-26 Financial Performance

On a consolidated basis, the company reported strong growth across key financial metrics for the year. The following table summarises the headline performance:

Value Added Revenue grew 12.3% during FY 2025-26, compared to a compound annual growth rate of 5.9% over the prior three years (FY 2023 to FY 2025). EBITDA rose 13.5% to INR 9,255 Million, with the EBITDA margin reaching 18.8% — the highest in the company's history. Profit After Tax on a consolidated basis grew 9.3% to INR 6,043.59 Million, against INR 5,531.43 Million in the previous year. ROCE nearly doubled to 94% from 57% in FY 2024-25, reflecting disciplined capital allocation. During the year, the company generated cash flow equivalent to 58% of EBITDA (adjusted for one-time sale proceeds).

On a standalone basis, revenue from operations was INR 22,885.20 Million against INR 22,367.55 Million in the previous year. Standalone net profit after tax stood at INR 12,028.39 Million, compared to INR 3,060.82 Million in FY 2024-25, with the increase primarily attributable to dividend income from a subsidiary.

Business Segment Performance

The company operates through two integrated business segments:

Clean Air and Powertrain Solutions

The Clean Air & Powertrain Solutions division recorded VAR growth of 5.5% YoY. Key strategic wins during the year included:

• Entry into the hot end of the aftertreatment system for a leading Japanese passenger vehicle OEM
• A major clean air win with Europe's leading commercial truck manufacturer
• A strategic win in the engine bearings business with a leading Japanese OEM, where the company holds a 44% market share in bearings
• Completion of a proof of concept for a Euro VII compliant aftertreatment system with a leading European OEM
• Nomination as lead Clean Air supplier for a new engine platform by a major Indian commercial vehicle OEM

The company holds a 57% value market share among commercial truck OEMs and 68% among off-highway OEMs for clean air solutions.

Advanced Ride Technologies

The Advanced Ride Technologies (ART) segment delivered robust double-digit VAR growth of 19.7% YoY, driven by higher volumes and new programme wins. A key milestone was the selection of the company's patented DaVinci DCx suspension system by a leading Indian OEM for a new-generation flagship SUV platform, representing annual revenue potential of approximately INR 2,200 Million from that programme alone. The company holds a 52% market share in passenger vehicle shock absorbers and a 55% value market share in shock absorbers and struts for passenger vehicle OEMs.

IPO and Market Performance

Tenneco Clean Air India was listed on NSE and BSE on November 19, 2025, through an Initial Public Offering of 90,680,100 equity shares of face value INR 10 each, aggregating to INR 36,000 Million. The IPO comprised entirely an Offer for Sale by Tenneco Mauritius Holdings Limited. The issue was oversubscribed 61.8 times overall, with Qualified Institutional Buyers subscribing 174.8 times their allocation. The company's shares listed at a premium to the issue price on both exchanges. As of March 31, 2026, the share price had grown 30% since the IPO issue price, with the stock ranking in the top decile of BSE-listed companies since listing. Institutional holding stood at 21.9% as of March 31, 2026.

Order Book and Revenue Visibility

The company's incremental lifetime order book increased from INR 98,400 Million as of October 2025 to approximately INR 1,24,000 Million as of March 31, 2026 — a net increase of approximately 26%. During this period, net order additions of INR 60,254 Million were achieved, partially offset by INR 34,654 Million transitioning to Start of Production. The order book provides revenue visibility over the next 5-6 years approximately, with exports now representing over 14% of total order booking compared to approximately 5% of revenue at IPO.

Capacity Investments and Manufacturing

The company announced approximately INR 1,400 Million of growth investments across two new facilities:

The company operates 12 manufacturing facilities and 2 R&D centres near key automotive hubs in India. Capacity utilisation as of FY 2025-26 stood at 51% for Cold Ends (total installed capacity: 3 Million units), 78% for Hot Ends (total installed capacity: 2 Million units), and 90% for Struts and Shock Absorbers (total installed capacity: 21 Million units).

Subsidiaries Performance

The company has four subsidiaries. Key financial highlights are as follows:

Dividends

During FY 2025-26, the company paid four interim dividends:

The Board of Directors did not recommend any final dividend for FY 2025-26, in view of the company's growth strategy with respect to investments in capacity expansion, technology development and localisation initiatives.

Sustainability and CSR

During FY 2025-26, the share of renewable energy in the overall energy mix increased to 23% and Scope 1 & Scope 2 emissions reduced by 16%. Total waste generated across operations was 1,721.56 tons, with 99.80% recycled. Total CSR spend for FY 2025-26 amounted to INR 6.93 Crores, covering skill development, healthcare, athlete support and environmental sustainability initiatives across 8 CSR projects. Community initiatives supported 151 athletes and 67 para-athletes, while health and eye check-up camps across 17 rural villages benefited 2,205 people.

Workforce

As at March 31, 2026, the company had a total workforce of 2,105 employees and workers on a standalone basis (March 31, 2025: 1,875). The attrition rate for the year stood at 20.44% (FY 2024-25: 23.34%). On a standalone basis, the company employed 614 employees and workers on its rolls as of March 31, 2026.

Tenneco Clean Air India Limited has released the audio recording of its earnings conference call, providing investors and analysts with access to management’s commentary on the company’s performance for the first quarter of fiscal year 2026-27 (Q1FY27). The call took place on Thursday, August 6, 2026, at 4:00 PM IST, immediately following the official declaration of the quarterly results. This disclosure ensures transparency and allows stakeholders to review the detailed financial discussion beyond the summary figures provided in the statutory filings.

The release of the recording is a compliance measure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Tenneco Clean Air India Limited, formerly known as Tenneco Clean Air India Private Limited, submitted the intimation to both the National Stock Exchange of India Limited (NSE) and the Bombay Stock Exchange (BSE). The company had previously issued an intimation letter dated July 30, 2026, notifying the exchanges of the scheduled conference call.

Conference Call Details

The audio recording is hosted on the company’s official website, ensuring easy access for all interested parties. The session was moderated by management to address key financial metrics, operational updates, and strategic initiatives relevant to the Q1FY27 period. Below are the specific details regarding the call and its accessibility.

Regulatory Compliance

The disclosure aligns with the mandatory requirements set forth by SEBI for listed entities. By making the recording publicly available, Tenneco Clean Air India Limited fulfills its obligation to provide equal access to material information. The filing was signed by Roopali Singh, the Company Secretary and Compliance Officer, confirming the authenticity and timely submission of the document. The CIN for the entity is L29308TN2018FLC126510.

What the Numbers Show

While this specific filing pertains to the availability of the audio recording rather than the financial figures themselves, the timing indicates that the Q1FY27 results have been formally declared. Investors are advised to listen to the recording for insights into revenue drivers, margin trends, and forward-looking guidance that may not be fully captured in the tabulated financial statements. The company’s scrip symbols remain TENNIND on the NSE and 544612 on the BSE.